CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 24,900 shares, an increase of 25.1% from the May 15th total of 19,900 shares. Based on an average daily trading volume, of 15,600 shares, the short-interest ratio is currently 1.6 days. Approximately 0.5% of the company's stock are sold short.
Insider Buying and Selling at CB Financial Services
In other CB Financial Services news, Director John Swiatek sold 2,500 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $29.50, for a total transaction of $73,750.00. Following the transaction, the director now owns 11,494 shares of the company's stock, valued at approximately $339,073. This trade represents a 17.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.70% of the stock is owned by insiders.
Institutional Investors Weigh In On CB Financial Services
Several institutional investors and hedge funds have recently bought and sold shares of CBFV. Bank of America Corp DE boosted its holdings in shares of CB Financial Services by 1,093.4% in the fourth quarter. Bank of America Corp DE now owns 3,807 shares of the bank's stock valued at $109,000 after acquiring an additional 3,488 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of CB Financial Services by 30.3% in the 1st quarter. Acadian Asset Management LLC now owns 4,158 shares of the bank's stock valued at $115,000 after acquiring an additional 966 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of CB Financial Services in the 1st quarter valued at approximately $211,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in CB Financial Services by 11.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,467 shares of the bank's stock worth $241,000 after buying an additional 892 shares in the last quarter. Finally, Fiduciary Trust Co purchased a new stake in CB Financial Services in the 4th quarter worth approximately $266,000. Institutional investors and hedge funds own 33.06% of the company's stock.
CB Financial Services Stock Down 0.1%
CB Financial Services stock traded down $0.04 during trading on Friday, reaching $27.49. 18,766 shares of the company's stock were exchanged, compared to its average volume of 9,833. The company's 50-day moving average is $28.84 and its two-hundred day moving average is $28.92. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 0.88. CB Financial Services has a 52-week low of $20.75 and a 52-week high of $33.72. The firm has a market cap of $138.00 million, a price-to-earnings ratio of 14.32 and a beta of 0.29.
CB Financial Services (NASDAQ:CBFV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.07. The firm had revenue of $12.10 million for the quarter, compared to analyst estimates of $12.69 million. CB Financial Services had a net margin of 12.83% and a return on equity of 7.00%. On average, analysts predict that CB Financial Services will post 1.82 earnings per share for the current year.
CB Financial Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.00 annualized dividend and a yield of 3.64%. CB Financial Services's dividend payout ratio (DPR) is 52.08%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of CB Financial Services from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th.
Read Our Latest Stock Report 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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