CB Financial Services, Inc. (NASDAQ:CBFV) Sees Significant Increase in Short-Term Interest

CB Financial Services, Inc. (NASDAQ:CBFV – Get Rating) benefited from strong growth in short-term interest during October. As of October 31, there were short interests totaling 13,300 shares, an 11.8% growth from the total of 11,900 shares as of October 15. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 4,100 shares, the short interest ratio is currently 3.2 days.

Wall Street analysts predict growth

CBFV has been the subject of several research reports. DA Davidson reiterated a “neutral” rating on CB Financial Services shares in a Wednesday July 27 research note. StockNews.com launched coverage on CB Financial Services shares in a research note on Sunday. They issued a “hold” rating for the company. Finally, TheStreet upgraded the shares of CB Financial Services from a “c+” rating to a “b” rating in a Friday, October 28 research note.

Institutional investors weigh in on CB Financial Services

Institutional investors have recently changed their stake in the company. Dimensional Fund Advisors LP purchased a new stake in shares of CB Financial Services during Q3 for a value of $233,000. State Street Corp increased its position in CB Financial Services shares by 10.2% during the second quarter. State Street Corp now owns 11,641 shares of the bank worth $266,000 after buying an additional 1,080 shares in the last quarter. American Century Companies Inc. increased its position in CB Financial Services by 28.7% in the first quarter. American Century Companies Inc. now owns 15,928 shares of the bank valued at $375,000 after acquiring 3,552 additional shares in the last quarter. BlackRock Inc. increased its position in CB Financial Services by 266.7% in the third quarter. BlackRock Inc. now owns 46,087 shares of the bank valued at $1,002,000 after acquiring 33,520 additional shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in CB Financial Services by 1.8% in the first quarter. The Manufacturers Life Insurance Company now owns 157,095 shares of the bank valued at $3,700,000 after acquiring 2,742 additional shares in the last quarter. 28.86% of the shares are held by hedge funds and other institutional investors.

CB financial services stock up 0.8%

NASDAQ:CBFV shares traded down $0.18 during Tuesday’s trading, hitting $21.98. The company’s stock had a trading volume of 5,435 shares, compared to an average volume of 5,993. The company has a 50-day moving average price of $21.86 and a two-hundred-day moving average price of 22 $.21. The company has a market capitalization of $111.90 million, a PE ratio of 8.13 and a beta of 0.57. The company has a debt ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.89. CB Financial Services has a fifty-two week minimum of $20.49 and a fifty-two week maximum of $26.80.

CB Financial Services (NASDAQ:CBFV – Get Rating) last released quarterly earnings data on Thursday, October 27. The bank reported earnings per share (EPS) of $0.71 for the quarter, beating the consensus estimate of $0.55 by $0.16. The company had revenue of $13.75 million in the quarter. CB Financial Services posted a net margin of 23.06% and a return on equity of 8.24%. As a group, research analysts expect CB Financial Services to post EPS of 2.18 for the current fiscal year.

CB Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 30. Shareholders of record on Friday, November 18 will receive a dividend of $0.24 per share. The ex-dividend date is Thursday, November 17. This represents an annualized dividend of $0.96 and a dividend yield of 4.37%. CB Financial Services’ dividend payout ratio (DPR) is currently 35.82%.

About CB Financial Services

(Get a rating)

CB Financial Services, Inc operates as a banking holding company for Community Bank which provides various personal and business banking products and services in Southwestern Pennsylvania, West Virginia and Ohio. The Company’s main deposit products include demand deposits, NOW accounts, money market accounts and savings accounts, as well as term deposit products.

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