CB Financial Services Inc (NASDAQ:CBFV) Announces $0.22 Quarterly Dividend

CB Financial Services Inc (NASDAQ:CBFV) declared a quarterly dividend on Thursday, February 22nd, Wall Street Journal reports. Stockholders of record on Friday, March 9th will be paid a dividend of 0.22 per share by the bank on Monday, March 19th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Thursday, March 8th.

Shares of NASDAQ CBFV traded up $0.65 during mid-day trading on Thursday, reaching $31.05. 1,288 shares of the company traded hands, compared to its average volume of 3,109. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $123.19, a price-to-earnings ratio of 18.37, a P/E/G ratio of 1.47 and a beta of 0.40. CB Financial Services has a fifty-two week low of $25.10 and a fifty-two week high of $31.90.

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CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings data on Monday, February 12th. The bank reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.17). The company had revenue of $9.52 million for the quarter, compared to analyst estimates of $9.63 million. CB Financial Services had a net margin of 17.26% and a return on equity of 7.46%. equities research analysts forecast that CB Financial Services will post 2.05 earnings per share for the current year.

An institutional investor recently raised its position in CB Financial Services stock. Vanguard Group Inc. raised its holdings in CB Financial Services Inc (NASDAQ:CBFV) by 1.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,052 shares of the bank’s stock after buying an additional 1,021 shares during the quarter. Vanguard Group Inc. owned 1.54% of CB Financial Services worth $1,645,000 at the end of the most recent quarter. 22.58% of the stock is owned by institutional investors.

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $34.00 price objective on shares of CB Financial Services in a report on Tuesday, February 13th. Zacks Investment Research raised CB Financial Services from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Thursday, February 15th. Finally, DA Davidson raised their target price on CB Financial Services to $36.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. They noted that the move was a valuation call.

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CB Financial Services Company Profile

CB Financial Services, Inc is the bank holding company for Community Bank (the Bank). The Company operates in community banking segment. The Bank offers residential and commercial real estate loans, commercial and industrial loans, and consumer loans, as well as a range of deposit products for individuals and businesses in its market area.

Dividend History for CB Financial Services (NASDAQ:CBFV)

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