CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 7,000 shares, an increase of 22.8% from the February 29th total of 5,700 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 3,800 shares, the days-to-cover ratio is currently 1.8 days.
Hedge Funds Weigh In On CB Financial Services
Hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. raised its stake in CB Financial Services by 162.1% during the second quarter. Alliancebernstein L.P. now owns 89,003 shares of the bank's stock valued at $1,842,000 after purchasing an additional 55,039 shares in the last quarter. BlackRock Inc. raised its stake in CB Financial Services by 266.7% during the third quarter. BlackRock Inc. now owns 46,087 shares of the bank's stock valued at $1,002,000 after purchasing an additional 33,520 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in CB Financial Services during the second quarter valued at $266,000. Janney Montgomery Scott LLC raised its stake in CB Financial Services by 3.9% during the third quarter. Janney Montgomery Scott LLC now owns 323,381 shares of the bank's stock valued at $6,920,000 after purchasing an additional 12,218 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in CB Financial Services during the third quarter valued at $233,000. Hedge funds and other institutional investors own 33.06% of the company's stock.
CB Financial Services Price Performance
Shares of CBFV stock traded down $0.08 during mid-day trading on Friday, hitting $21.62. The company had a trading volume of 1,705 shares, compared to its average volume of 3,268. CB Financial Services has a 52-week low of $17.20 and a 52-week high of $27.02. The stock's 50 day moving average price is $22.65 and its 200-day moving average price is $22.42. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $111.13 million, a P/E ratio of 4.95 and a beta of 0.56.
CB Financial Services (NASDAQ:CBFV - Get Free Report) last released its earnings results on Wednesday, January 31st. The bank reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. CB Financial Services had a net margin of 26.15% and a return on equity of 10.26%. The firm had revenue of $27.65 million for the quarter, compared to the consensus estimate of $12.90 million. Equities research analysts forecast that CB Financial Services will post 2.17 earnings per share for the current year.
CB Financial Services Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend was Wednesday, February 14th. CB Financial Services's dividend payout ratio (DPR) is presently 22.88%.
Analysts Set New Price Targets
A number of equities analysts have weighed in on CBFV shares. DA Davidson reiterated a "neutral" rating and issued a $24.00 price target on shares of CB Financial Services in a research report on Monday, February 5th. Janney Montgomery Scott started coverage on shares of CB Financial Services in a research report on Friday, December 8th. They issued a "neutral" rating and a $25.00 price target for the company. Finally, StockNews.com started coverage on shares of CB Financial Services in a research report on Friday. They issued a "hold" rating for the company.
Check Out Our Latest Stock Analysis on CBFV
About CB Financial Services
(
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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