CB Financial Services, Inc. (NASDAQ:CBFV) Short Interest Up 25.0% in March

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 11,000 shares, a growth of 25.0% from the March 15th total of 8,800 shares. Based on an average trading volume of 14,300 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the company's stock are sold short.

CB Financial Services Stock Down 1.4 %

Shares of CBFV stock traded down $0.41 during trading hours on Friday, reaching $28.99. 11,825 shares of the stock were exchanged, compared to its average volume of 8,017. CB Financial Services has a 12-month low of $20.75 and a 12-month high of $33.72. The business's fifty day moving average is $28.10 and its two-hundred day moving average is $29.02. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $147.91 million, a P/E ratio of 12.13 and a beta of 0.36.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.07. The company had revenue of $12.10 million for the quarter, compared to the consensus estimate of $12.69 million. CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%. As a group, research analysts expect that CB Financial Services will post 1.82 EPS for the current fiscal year.

CB Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Friday, May 16th. CB Financial Services's dividend payout ratio (DPR) is 41.84%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CBFV. Bank of America Corp DE lifted its stake in CB Financial Services by 1,093.4% during the fourth quarter. Bank of America Corp DE now owns 3,807 shares of the bank's stock worth $109,000 after purchasing an additional 3,488 shares during the last quarter. ORG Partners LLC acquired a new stake in CB Financial Services during the first quarter worth approximately $211,000. Barclays PLC lifted its position in shares of CB Financial Services by 12.7% during the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank's stock worth $234,000 after buying an additional 943 shares during the last quarter. Fiduciary Trust Co acquired a new position in shares of CB Financial Services in the 4th quarter valued at $266,000. Finally, Millennium Management LLC purchased a new position in shares of CB Financial Services in the 4th quarter valued at $301,000. 33.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered CB Financial Services from a "hold" rating to a "sell" rating in a report on Tuesday.

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.