CB Financial Services (NASDAQ:CBFV) Posts Earnings Results, Hits Expectations

CB Financial Services (NASDAQ:CBFV) posted its quarterly earnings data on Wednesday. The bank reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52, Zacks reports. The business had revenue of $19.63 million during the quarter, compared to the consensus estimate of $12.60 million. CB Financial Services had a net margin of 25.36% and a return on equity of 9.12%.

CB Financial Services Stock Performance

Shares of NASDAQ CBFV traded up $0.39 during midday trading on Thursday, hitting $24.50. The company’s stock had a trading volume of 1,127 shares, compared to its average volume of 3,639. The stock has a fifty day moving average price of $22.66 and a 200 day moving average price of $22.56. CB Financial Services has a one year low of $20.10 and a one year high of $27.02. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $125.93 million, a price-to-earnings ratio of 5.57 and a beta of 0.56.

CB Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.08%. The ex-dividend date was Tuesday, May 14th. CB Financial Services’s dividend payout ratio (DPR) is currently 22.73%.

Wall Street Analyst Weigh In

Several analysts have commented on CBFV shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $24.00 price objective (down previously from $26.00) on shares of CB Financial Services in a research report on Thursday, May 2nd. StockNews.com started coverage on shares of CB Financial Services in a research report on Friday, July 19th. 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.