CB Financial Services, Inc. (NASDAQ:CBFV) Plans $0.28 Quarterly Dividend

CB Financial Services, Inc. (NASDAQ:CBFV) announced a quarterly dividend on Monday, July 27th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.28 per share by the bank on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, August 14th.

CB Financial Services has raised its dividend by an average of 0.0%annually over the last three years. CB Financial Services has a dividend payout ratio of 50.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CB Financial Services to earn $3.38 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 33.1%.

CB Financial Services Stock Performance

Shares of CBFV stock opened at $36.33 on Tuesday. The firm has a market capitalization of $184.19 million, a price-to-earnings ratio of 28.16 and a beta of 0.28. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. The business’s 50-day moving average price is $36.27 and its 200-day moving average price is $35.55. CB Financial Services has a 12 month low of $30.00 and a 12 month high of $38.86.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings data on Monday, July 27th. The bank reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.09. The company had revenue of $15.52 million during the quarter, compared to the consensus estimate of $15.40 million. CB Financial Services had a return on equity of 10.07% and a net margin of 8.32%. Equities research analysts forecast that CB Financial Services will post 3.12 EPS for the current year.

CB Financial Services Company Profile

CB Financial Services, Inc is a bank holding company headquartered in the Kansas City metropolitan area. Through its subsidiary, Community Bank & Trust, F.S.B., the company provides a comprehensive suite of retail and commercial banking services. Its primary focus is meeting the financial needs of individuals, small businesses and agricultural clients within its regional footprint.

The company’s deposit product lineup includes checking accounts, savings accounts, money market accounts and certificates of deposit.