CB Financial Services, Inc. (NASDAQ:CBFV) Announces Dividend Increase – $0.28 Per Share

CB Financial Services, Inc. (NASDAQ:CBFV) declared a quarterly dividend on Tuesday, January 27th. Shareholders of record on Friday, February 13th will be given a dividend of 0.28 per share by the bank on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, February 13th. This is a 7.7% increase from CB Financial Services’s previous quarterly dividend of $0.26.

CB Financial Services has increased its dividend payment by an average of 0.0%per year over the last three years. CB Financial Services has a dividend payout ratio of 46.8% meaning its dividend is sufficiently covered by earnings. 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

Shares of CBFV stock traded down $0.81 during trading hours on Wednesday, hitting $34.65. 2,593 shares of the company were exchanged, compared to its average volume of 3,682. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $173.57 million, a price-to-earnings ratio of 72.18 and a beta of 0.32. The firm has a fifty day simple moving average of $35.14 and a 200 day simple moving average of $33.33. CB Financial Services has a 52-week low of $26.01 and a 52-week high of $37.45.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Tuesday, January 27th. The bank reported $0.72 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.11). The firm had revenue of $14.79 million during the quarter, compared to analysts’ expectations of $14.90 million. CB Financial Services had a net margin of 3.37% and a return on equity of 8.42%. Research analysts predict that CB Financial Services will post 1.82 earnings per share for the current fiscal year.

Insider Activity

In other CB Financial Services news, EVP Bruce A. Sharp acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average price of $32.80 per share, with a total value of $32,800.00. Following the completion of the purchase, the executive vice president owned 1,000 shares of the company’s stock, valued at approximately $32,800. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 9.40% of the company’s stock.

Institutional Investors Weigh In On CB Financial Services

A number of institutional investors and hedge funds have recently bought and sold shares of CBFV. Janney Montgomery Scott LLC raised its position in shares of CB Financial Services by 1.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 340,462 shares of the bank’s stock valued at $9,703,000 after buying an additional 3,816 shares in the last quarter. M3F Inc. grew its holdings in shares of CB Financial Services by 79.8% in the second quarter. M3F Inc. now owns 175,358 shares of the bank’s stock worth $4,998,000 after purchasing an additional 77,809 shares during the last quarter. Raymond James Financial Inc. bought a new stake in CB Financial Services in the 2nd quarter worth $99,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of CB Financial Services in the second quarter worth about $73,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of CB Financial Services by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 166,918 shares of the bank’s stock worth $4,757,000 after buying an additional 2,044 shares during the last quarter. 33.06% of the stock is owned by hedge funds and other institutional investors.

About CB Financial Services

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.