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

CB Financial Services, Inc. (NASDAQ:CBFV) announced 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 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Friday, November 15th.

CB Financial Services has raised 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% meaning 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

Shares of CBFV traded down $0.35 on Wednesday, reaching $28.70. The company’s stock had a trading volume of 4,931 shares, compared to its average volume of 4,072. The stock’s 50 day simple moving average is $28.11 and its two-hundred day simple moving average is $25.06. 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 stock has a market capitalization of $146.94 million, a P/E ratio of 6.53 and a beta of 0.56. CB Financial Services has a 12-month low of $20.75 and a 12-month high of $29.90.

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

Wall Street Analysts Forecast Growth

CBFV has been the topic of several analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $25.00 target price (up from $24.00) on shares of CB Financial Services in a research report on Monday, July 29th. StockNews.com started coverage on CB Financial Services in a research report on Friday, November 8th. They set a “hold” rating on the stock. Finally, DA Davidson increased their target price on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, October 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.