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

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) announced a quarterly dividend on Friday, October 25th,Zacks Dividends reports. Investors 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 3.49%. The ex-dividend date is Friday, November 15th.

CB Financial Services has raised 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 52.1% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 1.2 %

NASDAQ CBFV traded down $0.36 on Wednesday, reaching $28.69. The company had a trading volume of 17,019 shares, compared to its average volume of 4,131. CB Financial Services has a 52 week low of $20.75 and a 52 week high of $29.90. The stock's 50 day moving average is $28.11 and its 200-day moving average is $25.06. The company has a quick ratio of 0.88, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. The stock has a market cap of $146.89 million, a price-to-earnings ratio of 6.45 and a beta of 0.56.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last announced its quarterly earnings results on Friday, October 25th. The bank reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 24.51% and a return on equity of 8.27%. Equities analysts predict that CB Financial Services will post 2.18 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CBFV. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $25.00 price objective (up previously from $24.00) on shares of CB Financial Services in a research report on Monday, July 29th. DA Davidson lifted their price target on shares of CB Financial Services from $25.00 to $27.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. Finally, StockNews.com began coverage on shares of CB Financial Services in a research note on Friday, November 8th. They issued a "hold" rating for the company.

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.