CB Financial Services, Inc. (NASDAQ:CBFV) to Issue Quarterly Dividend of $0.28

CB Financial Services, Inc. (NASDAQ:CBFV) declared a quarterly dividend on Monday, July 27th. Shareholders of record on Friday, August 14th will be given a dividend of 0.28 per share by the bank on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, August 14th.

CB Financial Services has increased its dividend payment by an average of 0.0%annually over the last three years. CB Financial Services has a payout ratio of 50.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect CB Financial Services to earn $3.38 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 33.1%.

CB Financial Services Trading Up 1.2%

Shares of CBFV opened at $36.33 on Tuesday. The firm has a market cap of $184.19 million, a price-to-earnings ratio of 28.16 and a beta of 0.28. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 0.87. CB Financial Services has a fifty-two week low of $30.00 and a fifty-two week high of $38.86. The firm has a 50 day moving average price of $36.27 and a 200-day moving average price of $35.55.

CB Financial Services (NASDAQ:CBFV) last released its earnings results on Monday, July 27th. The bank reported $0.81 EPS for the quarter, beating the consensus estimate of $0.72 by $0.09. CB Financial Services had a net margin of 8.32% and a return on equity of 10.07%. The company had revenue of $15.52 million for the quarter, compared to analyst estimates of $15.40 million. As a group, equities research analysts forecast that CB Financial Services will post 3.12 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of CB Financial Services by 158.5% in the 3rd quarter. Vanguard Group Inc. now owns 246,068 shares of the bank’s stock worth $8,172,000 after buying an additional 150,873 shares during the last quarter. M3F Inc. raised its holdings in shares of CB Financial Services by 4.5% during the first quarter. M3F Inc. now owns 171,439 shares of the bank’s stock valued at $5,860,000 after acquiring an additional 7,425 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in CB Financial Services by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 166,918 shares of the bank’s stock worth $4,757,000 after acquiring an additional 2,044 shares during the period. Geode Capital Management LLC lifted its stake in CB Financial Services by 112.2% in the second quarter. Geode Capital Management LLC now owns 107,608 shares of the bank’s stock worth $3,067,000 after acquiring an additional 56,889 shares during the period. Finally, Bridgeway Capital Management LLC boosted its holdings in CB Financial Services by 3.5% in the third quarter. Bridgeway Capital Management LLC now owns 67,840 shares of the bank’s stock valued at $2,253,000 after acquiring an additional 2,303 shares in the last quarter. Institutional investors own 33.06% of the company’s stock.

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.