CB Financial Services, Inc. (NASDAQ:CBFV) Plans $0.25 Quarterly Dividend

CB Financial Services, Inc. (NASDAQ:CBFV) declared a quarterly dividend on Friday, October 25th,Zacks Dividends reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.25 per share by the bank on Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Friday, November 15th.

CB Financial Services has raised its dividend by an average of 1.4% annually over the last three years. CB Financial Services has a dividend payout ratio of 52.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CB Financial Services to earn $1.93 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 51.8%.

CB Financial Services Stock Performance

Shares of NASDAQ CBFV remained flat at $29.05 during trading on Wednesday. The stock had a trading volume of 809 shares, compared to its average volume of 4,050. The company has a quick ratio of 0.88, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. CB Financial Services has a 12 month low of $20.75 and a 12 month high of $29.90. The business’s fifty day simple moving average is $28.05 and its 200-day simple moving average is $25.01. The stock has a market capitalization of $148.74 million, a PE ratio of 6.53 and a beta of 0.56.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Friday, October 25th. The bank reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $21.01 million during the quarter, compared to the consensus estimate of $12.60 million. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. On average, sell-side analysts predict that CB Financial Services will post 2.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CBFV. DA Davidson raised their target price on CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. StockNews.com began coverage on shares of CB Financial Services in a research note on Friday, November 8th. They set a “hold” rating for the company. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $25.00 price objective (up previously from $24.00) on shares of CB Financial Services in a research note on Monday, July 29th.

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.