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

CB Financial Services, Inc. (NASDAQ:CBFV) declared a quarterly dividend on Wednesday, July 24th, Zacks reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.25 per share by the bank on Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Thursday, August 15th.

CB Financial Services has a dividend payout ratio of 46.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CB Financial Services to earn $2.15 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 46.5%.

CB Financial Services Stock Up 1.6 %

CBFV stock opened at $24.50 on Friday. CB Financial Services has a 52 week low of $20.10 and a 52 week high of $27.02. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The firm has a 50-day simple moving average of $22.66 and a 200-day simple moving average of $22.56. The stock has a market capitalization of $125.93 million, a P/E ratio of 5.57 and a beta of 0.56.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Wednesday, July 24th. The bank reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. CB Financial Services had a return on equity of 8.79% and a net margin of 24.64%. The company had revenue of $19.63 million during the quarter, compared to analyst estimates of $12.60 million. Equities analysts forecast that CB Financial Services will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CBFV shares. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $24.00 price objective (down previously from $26.00) on shares of CB Financial Services in a report on Thursday, May 2nd. StockNews.com began coverage on shares of CB Financial Services in a research note on Friday, July 19th. They issued a “hold” rating on the stock.

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.