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

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 given a dividend of 0.25 per share by the bank on Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Friday, November 15th.

CB Financial Services has increased its dividend by an average of 1.4% per year over the last three years. CB Financial Services has a payout ratio of 52.1% indicating that its dividend is sufficiently covered by earnings. Equities 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

NASDAQ CBFV traded down $0.35 on Wednesday, hitting $28.70. 3,520 shares of the company’s stock were exchanged, compared to its average volume of 4,052. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.88. The firm’s 50-day moving average price is $28.05 and its two-hundred day moving average price is $25.01. CB Financial Services has a fifty-two week low of $20.75 and a fifty-two week high of $29.90. The firm has a market cap of $146.94 million, a price-to-earnings ratio of 6.53 and a beta of 0.56.

CB Financial Services (NASDAQ:CBFV) last released its earnings results on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. The company had revenue of $21.01 million for the quarter, compared to analysts’ expectations of $12.60 million. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. On average, research analysts expect that CB Financial Services will post 2.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CBFV. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $25.00 price target (up previously from $24.00) on shares of CB Financial Services in a report on Monday, July 29th. DA Davidson upped their price target on CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, StockNews.com assumed coverage on CB Financial Services in a report on Friday, November 8th. They issued a “hold” rating on the stock.

About CB Financial Services

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.