CB Financial Services, Inc. (CBFV) to Issue Quarterly Dividend of $0.26 on November 28th

CB Financial Services, Inc. (NASDAQ:CBFV) declared a quarterly dividend on Thursday, October 23rd. Stockholders of record on Friday, November 14th will be paid a dividend of 0.26 per share by the bank on Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, November 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 payout ratio of 46.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect CB Financial Services to earn $2.23 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 46.6%.

CB Financial Services Stock Performance

NASDAQ:CBFV opened at $33.83 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87. CB Financial Services has a fifty-two week low of $26.01 and a fifty-two week high of $34.00. The firm has a market capitalization of $168.68 million, a PE ratio of 70.48 and a beta of 0.37. The stock’s fifty day moving average is $32.95 and its 200 day moving average is $30.93.

CB Financial Services (NASDAQ:CBFV) last announced its earnings results on Thursday, October 23rd. The bank reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.08. The business had revenue of $2.42 million for the quarter, compared to the consensus estimate of $13.96 million. CB Financial Services had a net margin of 3.37% and a return on equity of 8.49%. On average, sell-side analysts anticipate that CB Financial Services will post 1.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CBFV shares. Wall Street Zen upgraded CB Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods lifted their price target on shares of CB Financial Services from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. DA Davidson upped their target price on CB Financial Services from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, Weiss Ratings lowered CB Financial Services from a “buy (b)” rating to a “hold (c)” rating in a research note on Monday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $36.00.

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.