CB Financial Services, Inc. (NASDAQ:CBFV) Short Interest Update

CB Financial Services, Inc. (NASDAQ:CBFVGet Free Report) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 27,300 shares, a growth of 506.7% from the December 31st total of 4,500 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 6,000 shares, the days-to-cover ratio is currently 4.6 days.

CB Financial Services Stock Up 0.4 %

Shares of NASDAQ:CBFV opened at $29.26 on Thursday. The firm has a market cap of $149.81 million, a P/E ratio of 6.58 and a beta of 0.60. The business has a fifty day simple moving average of $29.74 and a 200 day simple moving average of $27.85. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. CB Financial Services has a 12-month low of $20.75 and a 12-month high of $33.72.

CB Financial Services (NASDAQ:CBFVGet Free Report) last announced its earnings results on Wednesday, January 29th. The bank reported $0.35 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.12). CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. Analysts predict that CB Financial Services will post 2.18 earnings per share for the current year.

Insider Buying and Selling at CB Financial Services

In related news, Chairman Mark E. Fox sold 3,538 shares of CB Financial Services stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $31.50, for a total transaction of $111,447.00. Following the completion of the transaction, the chairman now directly owns 11,414 shares of the company’s stock, valued at $359,541. This trade represents a 23.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $32.63, for a total value of $111,431.45. Following the completion of the transaction, the insider now directly owns 15,194 shares in the company, valued at $495,780.22. The trade was a 18.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,703 shares of company stock valued at $247,995 in the last 90 days. 9.40% of the stock is currently owned by insiders.

Institutional Trading of CB Financial Services

Several hedge funds have recently bought and sold shares of the business. Barclays PLC grew its stake in shares of CB Financial Services by 12.7% in the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock worth $234,000 after acquiring an additional 943 shares in the last quarter. Fourthstone LLC bought a new position in shares of CB Financial Services in the third quarter valued at approximately $373,000. De Lisle Partners LLP increased its position in shares of CB Financial Services by 9.1% during the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock valued at $823,000 after acquiring an additional 2,429 shares during the last quarter. Empowered Funds LLC grew its stake in CB Financial Services by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock valued at $911,000 after purchasing an additional 1,608 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of CB Financial Services during the 3rd quarter worth $941,000. Institutional investors and hedge funds own 33.06% of the company’s stock.

Analyst Ratings Changes

CBFV has been the subject of several recent research reports. StockNews.com initiated coverage on CB Financial Services in a research report on Thursday, December 26th. They set a “hold” rating for the company. DA Davidson increased their price objective on CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th.

Get Our Latest Analysis on CB Financial Services

CB Financial Services Company Profile

(Get Free Report)

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.

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