CB Financial Services (NASDAQ:CBFV) Announces Quarterly Earnings Results

CB Financial Services (NASDAQ:CBFV) released its quarterly earnings results on Wednesday. The bank reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52, Zacks reports. CB Financial Services had a return on equity of 8.79% and a net margin of 24.64%. The business had revenue of $19.63 million during the quarter, compared to analyst estimates of $12.60 million.

CB Financial Services Price Performance

Shares of CB Financial Services stock opened at $25.00 on Friday. The stock’s 50-day simple moving average is $22.71 and its 200-day simple moving average is $22.56. CB Financial Services has a 52 week low of $20.10 and a 52 week high of $27.02. The company has a market capitalization of $128.50 million, a price-to-earnings ratio of 5.68 and a beta of 0.56. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.24.

CB Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 4.00%. CB Financial Services’s payout ratio is 22.73%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CBFV shares. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $24.00 price target (down previously from $26.00) on shares of CB Financial Services in a report on Thursday, May 2nd. StockNews.com assumed coverage on CB Financial Services in a report on Saturday. They set a “hold” rating for the company.

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.