CB Financial Services, Inc. (NASDAQ:CBFV) Announces $0.25 Quarterly Dividend

CB Financial Services, Inc. (NASDAQ:CBFV) declared a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Investors of record on Friday, February 14th will be paid a dividend of 0.25 per share by the bank on Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 3.37%. The ex-dividend date is Friday, February 14th.

CB Financial Services has increased its dividend by an average of 1.4% per year over the last three years. CB Financial Services has a dividend payout ratio of 46.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CB Financial Services to earn $2.05 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 48.8%.

CB Financial Services Trading Up 1.5 %

NASDAQ CBFV opened at $29.69 on Friday. The firm has a market capitalization of $152.01 million, a PE ratio of 12.42 and a beta of 0.60. The business’s 50-day moving average price is $29.74 and its two-hundred day moving average price is $27.86. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. CB Financial Services has a 12 month low of $20.75 and a 12 month high of $33.72.

CB Financial Services (NASDAQ:CBFV) last announced its earnings results on Wednesday, January 29th. The bank reported $0.35 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.12). CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%. On average, analysts expect that CB Financial Services will post 1.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CBFV shares. DA Davidson upped their price objective on shares of CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. StockNews.com initiated coverage on shares of CB Financial Services in a research report on Thursday, December 26th. They set a “hold” rating on the stock.

Insiders Place Their Bets

In other CB Financial Services news, Chairman Mark E. Fox sold 3,538 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $31.50, for a total value of $111,447.00. Following the transaction, the chairman now owns 11,414 shares in the company, valued at approximately $359,541. This represents a 23.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $32.63, for a total value of $111,431.45. Following the sale, the insider now owns 15,194 shares of the company’s stock, valued at approximately $495,780.22. This represents a 18.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,703 shares of company stock worth $247,995. 9.40% of the stock is owned by corporate insiders.

About CB Financial Services

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.