Short Interest in CB Financial Services, Inc. (NASDAQ:CBFV) Increases By 506.7%

CB Financial Services, Inc. (NASDAQ:CBFV) was the target of a large growth in short interest in 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. Based on an average trading volume of 6,000 shares, the short-interest ratio is currently 4.6 days. Currently, 0.6% of the shares of the stock are sold short.

Insider Buying and Selling

In other CB Financial Services news, Chairman Mark E. Fox sold 3,538 shares of CB Financial Services stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $31.50, for a total transaction of $111,447.00. Following the completion of the sale, the chairman now owns 11,414 shares of the company’s stock, valued at $359,541. The trade was a 23.66 % decrease in their ownership of the stock. 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 CB Financial Services stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $32.63, for a total transaction of $111,431.45. Following the transaction, the insider now directly owns 15,194 shares in the company, valued at $495,780.22. This trade represents a 18.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,703 shares of company stock valued at $247,995. Company insiders own 9.40% of the company’s stock.

Hedge Funds Weigh In On CB Financial Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its stake in CB Financial Services by 2.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock worth $10,204,000 after buying an additional 8,143 shares during the period. Empowered Funds LLC lifted its holdings in shares of CB Financial Services by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock worth $911,000 after buying an additional 1,608 shares during the period. De Lisle Partners LLP lifted its holdings in CB Financial Services by 9.1% during the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock worth $823,000 after buying an additional 2,429 shares during the period. Fourthstone LLC purchased a new position in shares of CB Financial Services in the 3rd quarter valued at $373,000. Finally, Barclays PLC raised its position 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. 33.06% of the stock is owned by hedge funds and other institutional investors.

CB Financial Services Stock Up 0.4 %

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 company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87. CB Financial Services has a fifty-two week low of $20.75 and a fifty-two week high of $33.72. The firm has a 50-day simple moving average of $29.74 and a two-hundred day simple moving average of $27.85.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data 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 fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CBFV shares. DA Davidson boosted their price target on shares of CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. StockNews.com assumed coverage on CB Financial Services in a research note on Thursday, December 26th. They issued a “hold” rating for the company.

CB Financial Services Company Profile

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.