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

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

CB Financial Services has increased its dividend by an average of 1.4% per year over the last three years. CB Financial Services has a dividend payout ratio of 46.7% indicating that 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 Performance

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

CB Financial Services (NASDAQ:CBFV) last posted its earnings results on Wednesday, January 29th. The bank reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.12). CB Financial Services had a return on equity of 7.45% and a net margin of 15.43%. As a group, sell-side analysts expect that CB Financial Services will post 1.89 earnings per share for the current year.

Insiders Place Their Bets

In other CB Financial Services news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the stock in a transaction 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. This trade represents a 18.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark E. Fox sold 3,538 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $31.50, for a total transaction of $111,447.00. Following the transaction, the chairman now directly owns 11,414 shares in the company, valued at $359,541. This represents a 23.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,703 shares of company stock valued at $247,995 over the last 90 days. 9.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CBFV has been the topic of several research analyst reports. StockNews.com started coverage on shares of CB Financial Services in a report on Thursday, December 26th. They set a “hold” rating on the stock. DA Davidson raised their price objective on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th.

CB Financial Services Company Profile

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.