CB Financial Services, Inc. (CBFV) to Issue Quarterly Dividend of $0.25 on February 28th

CB Financial Services, Inc. (NASDAQ:CBFV) announced a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.25 per share by the bank on Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Friday, February 14th.

CB Financial Services has raised its dividend payment by an average of 1.4% annually over the last three years. CB Financial Services has a dividend payout ratio of 46.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CB Financial Services to earn $2.05 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 48.8%.

CB Financial Services Stock Up 0.4 %

CBFV stock opened at $29.80 on Friday. The business’s 50-day simple moving average is $29.73 and its 200 day simple moving average is $27.88. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. CB Financial Services has a twelve month low of $20.75 and a twelve month high of $33.72. The company has a market cap of $152.58 million, a PE ratio of 12.47 and a beta of 0.60.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings data on Wednesday, January 29th. The bank reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.12). CB Financial Services had a return on equity of 7.45% and a net margin of 15.43%. On average, research analysts anticipate that CB Financial Services will post 1.89 earnings per share for the current year.

Insider Transactions at CB Financial Services

In other CB Financial Services news, Chairman Mark E. Fox sold 3,538 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $31.50, for a total transaction of $111,447.00. Following the sale, the chairman now owns 11,414 shares of the company’s stock, valued at $359,541. This represents a 23.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $32.63, for a total transaction of $111,431.45. Following the transaction, the insider now owns 15,194 shares in the company, valued at $495,780.22. The trade was a 18.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,703 shares of company stock valued at $247,995 in the last three months. 9.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. StockNews.com began coverage on CB Financial Services in a report on Thursday, December 26th. They issued a “hold” rating for the company. DA Davidson increased their price objective on CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th.

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.