The total number of short positions in CB Financial Services, Inc. saw a substantial drop in August after the company reported better-than-expected earnings (NASDAQ: CBFV). There were 9,200 shares borrowed as of July 31. However, as of August 15, there were only 8,200 shares borrowed, a decline of 10.9% from July 31 total of 9,200. Short sales currently account for 0.2% of the company’s total share capital. Based on the typical daily volume of trading, which is 5,500 shares, there is approximately 1.5 days’ worth of short interest available. The NASDAQ CBFV market opened for trading on Wednesday with an opening price of $21.80. The ratio of debt to equity is 0.15, the ratio of current to quick cash flow is 0.87, and the ratio of quick cash flow to current cash flow is also 0.87. The current price-to-earnings ratio for the stock is 9.56, and the company has a beta value of 0.62.
The market capitalization of the company is presently at $111.40 million. CB Financial Services hit a low point during the last year of $20.49 per share, while its shares reached a high point over the past year of $26.80 per share. On July 28, the most current quarterly report for CB Financial Services (NASDAQ: CBFV) was published and made available for the general public to review. During the time frame examined in the research, the financial institution recorded earnings of $0.05 per share (EPS). During the period examined in this report, the company generated total revenue of $12.27 million. The return on equity for CB Financial Services was 6.51%, while the net margin for the company was 20.56%. It is expected by those who follow the market that CB Financial Services will create earnings of $1.86 per share this year.
On Friday, August 19, shareholders currently registered for dividends will be eligible to receive a payout equal to $0.24 per share. This results in an annual dividend payment of $0.96 and a yield of 4.40% when calculated over a year. August 18, a Thursday, is the date that will mark the beginning of the “ex-dividend” period for this payout. CB Financial Services has reached a point where its dividend payout ratio is 42.11%. Multiple research analysts have recently supplied input on the CBFV stock that was provided recently. In a research report published on May 24, TheStreet lowered its rating of CB Financial Services from a “b” to a “c+,” reflecting the company’s overall performance. The research report initially distributed by Bloomberg on August 25 contained the first mention of CB Financial Services. They advised investors to “hold” onto the stock rather than sell it.
And last, in a research report published on July 27, DA Davidson maintained its “neutral” recommendation on shares of CB Financial Services even though the report was produced on July 27. Recently, several institutional investors and hedge funds changed the proportion of their investments that they held in the company, which resulted in a fluctuation in the price of the shares. boosted its holdings in CB Financial Services by 0.3% during the first three months of the year. Petiole USA Ltd. purchased a new interest in CB Financial Services during the fourth quarter of the year at a total cost of about $4,310,000. The Manufacturers Life Insurance Company increased the amount of CB Financial Services stock owned by 1.8% during the year’s first three months.
The Manufacturers Life Insurance Company has just become the owner of 157,095 shares of the bank’s stock, which have a total market value of $3,700,000. This is the consequence of the corporation’s purchasing an additional 2,742 shares during the most recent fiscal quarter to increase its overall holdings. During the first three months of 2018, American Century Companies Inc. increased the amount of CB Financial Services owned by 28.7%. American Century Companies Inc. now has a total of 15,928 shares of the bank’s stock, collectively valued at $375,000 after the company made an additional purchase of 3,552 shares during the most recent quarter. And last, during the last three months of the year, the UMB Bank, National Association of Missouri, spent around $298,00 to purchase a new interest in CB Financial Services. This was the final transaction of the year.
Institutional investors hold a total of 28.86% of the available shares in the firm. The company’s customers have access to various deposit options, but one of the most important ones is a time deposit. Demand deposits, NOW accounts, money market accounts, and savings accounts are all included in this category.