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

CB Financial Services, Inc. (NASDAQ:CBFV) declared a quarterly dividend on Monday, October 26th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.28 per share by the bank on Friday, November 27th. This represents a $1.12 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, November 13th.

CB Financial Services has a dividend payout ratio of 50.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CB Financial Services to earn $3.44 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 32.6%.

CB Financial Services Stock Performance

Shares of CB Financial Services stock opened at $39.15 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The firm has a market cap of $198.96 million, a PE ratio of 29.00 and a beta of 0.29. The business’s fifty day simple moving average is $37.41 and its 200-day simple moving average is $36.11. CB Financial Services has a 52 week low of $31.72 and a 52 week high of $39.55.

CB Financial Services (NASDAQ:CBFV) last posted its earnings results on Monday, October 26th. The bank reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.10. CB Financial Services had a net margin of 8.52% and a return on equity of 10.08%. The firm had revenue of $16.02 million during the quarter, compared to the consensus estimate of $16.25 million. Equities analysts forecast that CB Financial Services will post 3.21 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on CBFV. Keefe, Bruyette & Woods raised their price objective on shares of CB Financial Services from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. DA Davidson increased their price objective on CB Financial Services from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of CB Financial Services in a report on Monday, September 21st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

About CB Financial Services

CB Financial Services, Inc is a bank holding company headquartered in Carmichaels, Pennsylvania. Its principal subsidiary, Community Bank, provides personal and business banking services to individuals, families, farms, and companies in the communities it serves.

Community Bank offers a range of deposit products, including checking, savings, money market, and time deposit accounts. Its lending activities include residential mortgages, home equity loans, commercial real estate financing, business loans, agricultural loans, and consumer credit.