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CBB Bancorp (OTCMKTS:CBBI) Trading 2.4% Higher - Here's What Happened

CBB Bancorp logo with Finance background

CBB Bancorp, Inc. (OTCMKTS:CBBI - Get Free Report) shares were up 2.4% during mid-day trading on Friday . The company traded as high as $11.48 and last traded at $10.75. Approximately 10,460 shares traded hands during mid-day trading, an increase of 7% from the average daily volume of 9,762 shares. The stock had previously closed at $10.50.

CBB Bancorp Price Performance

The company's 50 day simple moving average is $10.63 and its 200 day simple moving average is $10.50. The company has a market capitalization of $113.84 million, a PE ratio of 5.07 and a beta of 0.54.

CBB Bancorp (OTCMKTS:CBBI - Get Free Report) last issued its earnings results on Friday, January 31st. The company reported $0.54 earnings per share (EPS) for the quarter.

CBB Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Friday, February 14th. CBB Bancorp's payout ratio is 18.87%.

About CBB Bancorp

(Get Free Report)

CBB Bancorp, Inc operates as the holding company for Commonwealth Business Bank that provides various commercial banking products and services to individuals and businesses in the United States. It offers checking, savings, money market, and certification of deposit accounts; SBA lending; business lines of credit; business term loans; business and commercial property loans; construction loans; and credit cards.

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