CB Financial Services, Inc. (NASDAQ:CBFV – Get Rating) announced a quarterly dividend on Thursday, October 27, Zacks reports. Investors of record on Friday November 18 will receive a dividend of 0.24 per share from the bank on Wednesday November 30. This represents a dividend of $0.96 on an annualized basis and a dividend yield of 4.41%. The ex-dividend date is Thursday, November 17.
CB Financial Services has increased its dividend payout by an average of 2.6% per year over the past three years. CB Financial Services has a dividend payout ratio of 37.1%, which means its dividend is sufficiently covered by earnings. Stock analysts expect CB Financial Services to earn $2.55 per share next year, meaning the company should continue to be able to cover its annual dividend of $0.96 with a ratio of expected future payout of 37.6%.
CB Financial Services Price Performance
Shares of NASDAQ:CBFV traded at $1.05 during Friday’s midday session, hitting $21.76. The stock recorded trading volume of 2,894 shares, compared to an average trading volume of 2,629 shares. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt ratio of 0.15. The company has a market capitalization of $111.17 million, a P/E ratio of 8.12 and a beta of 0.59. CB Financial Services has a 1 year minimum of $20.49 and a 1 year maximum of $26.80. The company’s 50-day moving average price is $21.87 and its 200-day moving average price is $22.33.
CB Financial Services (NASDAQ:CBFV – Get Rating) last released its results on Thursday, July 28. The bank reported EPS of $0.05 for the quarter. The company posted revenue of $12.27 million for the quarter. CB Financial Services achieved a return on equity of 6.51% and a net margin of 20.56%. Research analysts expect CB Financial Services to post EPS of 1.93 for the current fiscal year.
Analyst upgrades and downgrades
A number of research companies have recently commented on the CBFV. StockNews.com began covering CB Financials in a research report on Friday. They issued a “hold” rating on the stock. DA Davidson reissued a “neutral” rating on CB Financial Services shares in a Wednesday July 27 research note.
Institutional investors weigh in on CB Financial Services
Several large investors have recently increased or reduced their stake in the stock. American Century Companies Inc. increased its stake in shares of CB Financial Services by 28.7% during the first quarter. American Century Companies Inc. now owns 15,928 shares of the bank valued at $375,000 after buying 3,552 additional shares in the last quarter. Vanguard Group Inc. increased its stake in shares of CB Financial Services by 0.3% during the first quarter. Vanguard Group Inc. now owns 185,433 shares of the bank valued at $4,451,000 after buying an additional 495 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in CB Financial Services shares by 1.8% during the first quarter. The Manufacturers Life Insurance Company now owns 157,095 shares of the bank valued at $3,700,000 after buying 2,742 more shares in the last quarter. Finally, State Street Corp increased its stake in shares of CB Financial Services by 10.2% during the second quarter. State Street Corp now owns 11,641 shares of the bank valued at $266,000 after buying an additional 1,080 shares in the last quarter. 28.86% of the stock is held by institutional investors.
CB Financial Services Company Profile
(Get a rating)
CB Financial Services, Inc operates as a banking holding company for Community Bank which provides various personal and business banking products and services in Southwestern Pennsylvania, West Virginia and Ohio. The Company’s main deposit products include demand deposits, NOW accounts, money market accounts and savings accounts, as well as term deposit products.
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