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

CB Financial Services, Inc. (NASDAQ:CBFV) declared a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Friday, May 15th will be paid a dividend of 0.28 per share by the bank on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, May 15th.

CB Financial Services has increased 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. Analysts expect CB Financial Services to earn $3.42 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 32.7%.

CB Financial Services Trading Up 0.9%

Shares of CBFV opened at $35.00 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.22. CB Financial Services has a 12-month low of $27.11 and a 12-month high of $37.75. The firm has a market capitalization of $177.52 million, a PE ratio of 38.46 and a beta of 0.27. The stock’s fifty day simple moving average is $34.84 and its 200-day simple moving average is $34.61.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. CB Financial Services had a return on equity of 9.49% and a net margin of 6.09%.The business had revenue of $14.82 million for the quarter, compared to analyst estimates of $15.50 million. As a group, research analysts predict that CB Financial Services will post 3.07 earnings per share for the current year.

Analyst Ratings Changes

CBFV has been the topic of a number of research analyst reports. Zacks Research lowered CB Financial Services from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th. Keefe, Bruyette & Woods dropped their price target on CB Financial Services from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. DA Davidson initiated coverage on CB Financial Services in a research report on Wednesday, February 25th. They set a “buy” rating and a $43.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CB Financial Services in a research report on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, CB Financial Services has an average rating of “Hold” and an average price target of $41.00.

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.