Short Interest in CBB Bancorp, Inc. (OTCMKTS:CBBI) Drops By 25.0%

CBB Bancorp, Inc. (OTCMKTS:CBBI) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 900 shares, a drop of 25.0% from the December 15th total of 1,200 shares. Based on an average trading volume of 6,200 shares, the short-interest ratio is presently 0.1 days.

CBB Bancorp Stock Performance

CBBI traded up $0.03 on Friday, reaching $10.47. The company had a trading volume of 1,100 shares, compared to its average volume of 2,696. CBB Bancorp has a 52-week low of $9.22 and a 52-week high of $11.50. The company has a market cap of $110.86 million, a price-to-earnings ratio of 4.67 and a beta of 0.54. The business has a 50 day simple moving average of $10.66 and a 200 day simple moving average of $10.37.

CBB Bancorp (OTCMKTS:CBBI) last released its quarterly earnings results on Friday, October 25th. The company reported $0.53 earnings per share for the quarter. The firm had revenue of $17.69 million for the quarter.

CBB Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.10 dividend. This is an increase from CBB Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, November 8th. This represents a $0.40 dividend on an annualized basis and a yield of 3.82%. CBB Bancorp’s payout ratio is presently 17.86%.

About CBB Bancorp

CBB Bancorp, Inc operates as the holding company for Commonwealth Business Bank that provides various commercial banking products and services to individuals and businesses in the United States. It offers checking, savings, money market, and certification of deposit accounts; SBA lending; business lines of credit; business term loans; business and commercial property loans; construction loans; and credit cards.