CB Financial Services, Inc. (NASDAQ:CBFV – Get Free Report) declared a quarterly dividend on Wednesday, January 31st, Zacks reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.25 per share by the bank on Thursday, February 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Wednesday, February 14th.
CB Financial Services has increased its dividend payment by an average of 1.4% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. CB Financial Services has a dividend payout ratio of 43.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CB Financial Services to earn $2.22 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 45.0%.
CB Financial Services Stock Performance
NASDAQ:CBFV opened at $22.53 on Monday. The company has a 50-day moving average price of $23.89 and a 200-day moving average price of $22.43. The stock has a market cap of $115.35 million, a price-to-earnings ratio of 5.16 and a beta of 0.58. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.30. CB Financial Services has a 12 month low of $17.20 and a 12 month high of $27.02.
Institutional Trading of CB Financial Services
Analyst Ratings Changes
A number of research analysts have weighed in on CBFV shares. StockNews.com started coverage on CB Financial Services in a report on Saturday. They set a “hold” rating on the stock. DA Davidson reiterated a “neutral” rating and issued a $24.00 price objective on shares of CB Financial Services in a report on Monday, February 5th. Finally, Janney Montgomery Scott started coverage on CB Financial Services in a research report on Friday, December 8th. They set a “neutral” rating and a $25.00 price objective 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.
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