CB Financial Services, Inc. (CBFV) to Issue Quarterly Dividend of $0.25 on February 29th

CB Financial Services, Inc. (NASDAQ:CBFVGet 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

Institutional investors and hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. boosted its position in shares of CB Financial Services by 162.1% during the second quarter. Alliancebernstein L.P. now owns 89,003 shares of the bank’s stock valued at $1,842,000 after buying an additional 55,039 shares during the last quarter. Vanguard Group Inc. lifted its holdings in CB Financial Services by 3.5% during the third quarter. Vanguard Group Inc. now owns 85,153 shares of the bank’s stock valued at $1,822,000 after purchasing an additional 2,912 shares in the last quarter. BlackRock Inc. raised its stake in CB Financial Services by 22.7% during the 2nd quarter. BlackRock Inc. now owns 55,676 shares of the bank’s stock valued at $1,152,000 after purchasing an additional 10,292 shares during the period. Geode Capital Management LLC boosted its position in shares of CB Financial Services by 1.6% during the second quarter. Geode Capital Management LLC now owns 41,109 shares of the bank’s stock worth $835,000 after acquiring an additional 665 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in CB Financial Services by 28.7% during the 1st quarter. American Century Companies Inc. now owns 15,928 shares of the bank’s stock valued at $375,000 after buying an additional 3,552 shares in the last quarter. Institutional investors own 31.97% of the company’s stock.

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.

Read Our Latest Stock Report on CB Financial Services

CB Financial Services Company Profile

(Get Free Report)

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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Dividend History for CB Financial Services (NASDAQ:CBFV)

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