CB Financial Services, Inc. (NASDAQ:CBFV) Short Interest Down 8.0% in August

CB Financial Services, Inc. (NASDAQ:CBFV) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 4,600 shares, a decrease of 8.0% from the August 15th total of 5,000 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 4,400 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On CB Financial Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its holdings in CB Financial Services by 115.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after acquiring an additional 1,119 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in CB Financial Services during the second quarter valued at approximately $393,000. Empowered Funds LLC boosted its holdings in CB Financial Services by 7.9% during the first quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock worth $623,000 after buying an additional 2,100 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in CB Financial Services by 1.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 326,985 shares of the bank’s stock worth $7,786,000 after buying an additional 3,604 shares during the last quarter. Institutional investors own 33.06% of the company’s stock.

Analyst Upgrades and Downgrades

CBFV has been the subject of a number of recent research reports. StockNews.com began coverage on CB Financial Services in a research note on Friday, September 13th. They set a “hold” rating for the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $25.00 price objective (up from $24.00) on shares of CB Financial Services in a research report on Monday, July 29th.

CB Financial Services Stock Performance

CB Financial Services stock traded down $0.29 during mid-day trading on Wednesday, hitting $27.50. 9,969 shares of the company’s stock traded hands, compared to its average volume of 4,038. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. CB Financial Services has a one year low of $20.52 and a one year high of $28.39. The firm has a 50 day moving average price of $25.10 and a 200 day moving average price of $23.15. The company has a market cap of $141.41 million, a PE ratio of 6.30 and a beta of 0.57.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Wednesday, July 24th. The bank reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. CB Financial Services had a net margin of 24.64% and a return on equity of 8.61%. The business had revenue of $19.63 million during the quarter, compared to the consensus estimate of $12.60 million. On average, equities analysts forecast that CB Financial Services will post 2.21 EPS for the current year.

CB Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.64%. CB Financial Services’s dividend payout ratio is presently 22.73%.

About CB Financial Services

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.