CIB Marine Bancshares, Inc. (OTCMKTS:CIBH) Sees Large Decline in Short Interest

CIB Marine Bancshares, Inc. (OTCMKTS:CIBH) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 300 shares, a decrease of 72.7% from the October 31st total of 1,100 shares. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 0.2 days.

CIB Marine Bancshares Stock Performance

CIBH stock remained flat at $28.00 during midday trading on Wednesday. 800 shares of the company’s stock were exchanged, compared to its average volume of 1,144. CIB Marine Bancshares has a 1 year low of $17.10 and a 1 year high of $29.00. The stock has a market capitalization of $39.20 million, a PE ratio of 13.46 and a beta of 0.28. The stock’s 50 day moving average price is $25.08 and its 200-day moving average price is $20.62.

CIB Marine Bancshares (OTCMKTS:CIBH) last announced its quarterly earnings data on Thursday, October 17th. The company reported $0.59 earnings per share (EPS) for the quarter. The business had revenue of $8.47 million during the quarter.

CIB Marine Bancshares Company Profile

CIB Marine Bancshares, Inc operates as the bank holding company for CIBM Bank that provides commercial banking services to individual and business customers in Illinois, Indiana, and Wisconsin. It provides deposit accounts comprising checking, savings, and time deposits. The company offers a range of loan products, such as commercial, commercial real estate, commercial and residential construction, government guaranteed, one-to-four family residential real estate, home equity, and consumer loans, as well as commercial and standby letters of credit.