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

CB Financial Services, Inc. (NASDAQ:CBFV) declared a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.25 per share by the bank on Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Friday, February 14th.

CB Financial Services has increased its dividend payment by an average of 1.4% per year over the last three years. CB Financial Services has a dividend payout ratio of 46.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect CB Financial Services to earn $2.05 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 48.8%.

CB Financial Services Trading Up 1.5 %

NASDAQ CBFV opened at $29.69 on Friday. The business’s fifty day moving average is $29.74 and its 200-day moving average is $27.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $152.01 million, a price-to-earnings ratio of 12.42 and a beta of 0.60. CB Financial Services has a one year low of $20.75 and a one year high of $33.72.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Wednesday, January 29th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.12). CB Financial Services had a return on equity of 7.45% and a net margin of 15.43%. Equities research analysts predict that CB Financial Services will post 1.89 EPS for the current year.

Wall Street Analysts Forecast Growth

CBFV has been the topic of a number of research reports. StockNews.com assumed coverage on shares of CB Financial Services in a report on Thursday, December 26th. They issued a “hold” rating on the stock. DA Davidson upped their price target on CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th.

Insider Transactions at CB Financial Services

In other news, Chairman Mark E. Fox sold 3,538 shares of the company’s 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 sale, the chairman now directly owns 11,414 shares in the company, valued at $359,541. This represents a 23.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $32.63, for a total transaction of $111,431.45. Following the completion of the transaction, the insider now owns 15,194 shares of the company’s stock, 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. Insiders sold 7,703 shares of company stock worth $247,995 over the last quarter. Corporate insiders own 9.40% of the company’s stock.

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.