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

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Investors 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 dividend yield of 3.42%. The ex-dividend date is Friday, February 14th.

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 dividend payout ratio of 46.9% meaning 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 Price Performance

Shares of CBFV stock traded down $0.55 during midday trading on Monday, reaching $29.25. 5,336 shares of the company were exchanged, compared to its average volume of 6,392. The company has a market cap of $149.76 million, a P/E ratio of 12.24 and a beta of 0.60. CB Financial Services has a 12 month low of $20.75 and a 12 month high of $33.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87. The company's 50 day moving average price is $29.73 and its two-hundred day moving average price is $27.99.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last issued its earnings results on Wednesday, January 29th. The bank reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.12). CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%. On average, sell-side analysts expect that CB Financial Services will post 1.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CBFV. DA Davidson boosted their price objective 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. StockNews.com initiated coverage on shares of CB Financial Services in a research report on Thursday, December 26th. They set a "hold" rating for the company.

Insider Activity at CB Financial Services

In other news, Vice Chairman Charles R. Guthrie sold 3,415 shares of CB Financial Services stock in a transaction on Friday, December 6th. The shares were sold at an average price of $32.63, for a total value of $111,431.45. Following the completion of the sale, the insider now owns 15,194 shares in the company, valued at $495,780.22. The trade was a 18.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Mark E. Fox sold 3,538 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $31.50, for a total value of $111,447.00. Following the sale, the chairman now owns 11,414 shares of the company's stock, valued at approximately $359,541. This represents a 23.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,703 shares of company stock worth $247,995. Company 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.