CB Financial Services, Inc. (NASDAQ:CBFV – Get Free Report) declared a quarterly dividend on Friday, October 25th,Zacks Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.25 per share by the bank on Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, November 15th.
CB Financial Services has raised its dividend by an average of 1.4% per year over the last three years. CB Financial Services has a dividend payout ratio of 52.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect CB Financial Services to earn $1.93 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 51.8%.
CB Financial Services Stock Performance
NASDAQ CBFV remained flat at $29.05 on Wednesday. The company’s stock had a trading volume of 809 shares, compared to its average volume of 4,050. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.88. CB Financial Services has a 1 year low of $20.75 and a 1 year high of $29.90. The firm has a 50-day simple moving average of $28.05 and a 200 day simple moving average of $25.01. The company has a market capitalization of $148.74 million, a P/E ratio of 6.53 and a beta of 0.56.
Wall Street Analyst Weigh In
CBFV has been the topic of a number of analyst reports. DA Davidson upped their price target on CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. StockNews.com initiated coverage on shares of CB Financial Services in a report on Friday, November 8th. They set a “hold” rating for the company. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $25.00 price objective (up previously from $24.00) on shares of CB Financial Services in a research report on Monday, July 29th.
View Our Latest Research Report on CBFV
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.
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