CBB Bancorp, Inc. (OTCMKTS:CBBI) Sees Large Drop in Short Interest

CBB Bancorp, Inc. (OTCMKTS:CBBI) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totalling 100 shares, a decline of 50.0% from the September 30th total of 200 shares. Based on an average trading volume of 6,200 shares, the short-interest ratio is currently 0.0 days.

CBB Bancorp Trading Up 0.8 %

CBBI stock traded up $0.08 during trading on Monday, hitting $10.35. The company had a trading volume of 5,562 shares, compared to its average volume of 14,071. The business has a 50 day moving average of $10.35 and a 200 day moving average of $9.98. The firm has a market capitalization of $109.59 million, a price-to-earnings ratio of 3.97 and a beta of 0.55. CBB Bancorp has a fifty-two week low of $9.22 and a fifty-two week high of $10.55.

CBB Bancorp (OTCMKTS:CBBI) last issued its quarterly earnings results on Friday, July 26th. The company reported $0.51 earnings per share for the quarter. The company had revenue of $17.70 million during the quarter.

CBB Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.10 per share. This is a positive change from CBB Bancorp’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Friday, November 8th. CBB Bancorp’s dividend payout ratio (DPR) is presently 12.36%.

CBB Bancorp Company Profile

CBB Bancorp, Inc operates as the holding company for Commonwealth Business Bank that provides various commercial banking products and services to individuals and businesses in the United States. It offers checking, savings, money market, and certification of deposit accounts; SBA lending; business lines of credit; business term loans; business and commercial property loans; construction loans; and credit cards.