Short Interest in CB Financial Services, Inc. (NASDAQ:CBFV) Drops By 10.0%

CB Financial Services, Inc. (NASDAQ:CBFV) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 3,600 shares, a decrease of 10.0% from the May 15th total of 4,000 shares. Based on an average trading volume of 2,900 shares, the short-interest ratio is currently 1.2 days. Currently, 0.1% of the company’s stock are short sold.

CB Financial Services Stock Performance

Shares of NASDAQ CBFV traded down $0.07 during midday trading on Friday, hitting $22.74. 1,024 shares of the company’s stock were exchanged, compared to its average volume of 1,714. CB Financial Services has a 12 month low of $19.36 and a 12 month high of $27.02. The company’s 50 day moving average price is $22.19 and its 200 day moving average price is $22.70. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $116.88 million, a PE ratio of 5.17 and a beta of 0.55.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings data on Friday, April 26th. The bank reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.09. CB Financial Services had a net margin of 25.36% and a return on equity of 9.12%. The company had revenue of $13.51 million for the quarter, compared to analyst estimates of $12.10 million. As a group, analysts predict that CB Financial Services will post 2.22 earnings per share for the current fiscal year.

CB Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.40%. The ex-dividend date was Tuesday, May 14th. CB Financial Services’s payout ratio is 22.73%.

Hedge Funds Weigh In On CB Financial Services

A hedge fund recently raised its stake in CB Financial Services stock. Empowered Funds LLC raised its position in CB Financial Services, Inc. (NASDAQ:CBFV) by 7.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,804 shares of the bank’s stock after buying an additional 2,100 shares during the quarter. Empowered Funds LLC owned 0.56% of CB Financial Services worth $623,000 at the end of the most recent reporting period. 33.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CBFV. StockNews.com began coverage on CB Financial Services in a research report on Sunday, June 9th. They set a “hold” rating on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $24.00 price target (down previously from $26.00) on shares of CB Financial Services in a research note on Thursday, May 2nd.

CB Financial Services Company Profile

CB Financial Services, Inc operates as the bank holding company for Community Bank that provides various banking products and services for individuals and businesses in southwestern Pennsylvania, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts, as well as time deposit products.