CB Financial Services, Inc. (NASDAQ:CBFV) Plans Quarterly Dividend of $0.28

CB Financial Services, Inc. (NASDAQ:CBFV) declared a quarterly dividend on Monday, October 26th. Shareholders 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 yield of 2.9%. The ex-dividend date of this dividend is Friday, November 13th.

CB Financial Services has a payout ratio of 50.5% indicating that 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 CBFV opened at $39.15 on Tuesday. The stock has a 50-day simple moving average of $37.41 and a 200-day simple moving average of $36.11. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $198.96 million, a PE ratio of 29.00 and a beta of 0.29. CB Financial Services has a 1 year low of $31.72 and a 1 year high of $39.55.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings data on Monday, October 26th. The bank reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.10. The business had revenue of $16.02 million during the quarter, compared to analysts’ expectations of $16.25 million. CB Financial Services had a net margin of 8.52% and a return on equity of 10.08%. On average, analysts predict that CB Financial Services will post 3.21 earnings per share for the current fiscal year.

Insider Buying and Selling at CB Financial Services

In other CB Financial Services news, insider Stephen Cobain sold 1,500 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $37.10, for a total value of $55,650.00. Following the completion of the transaction, the insider owned 4,313 shares in the company, valued at approximately $160,012.30. This represents a 25.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Swiatek sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $37.06, for a total transaction of $37,060.00. Following the completion of the sale, the director owned 12,644 shares of the company’s stock, valued at $468,586.64. This trade represents a 7.33% decrease in their position. The disclosure for this sale is available in the SEC filing. 10.20% of the stock is currently owned by company insiders.

Institutional Trading of CB Financial Services

A number of institutional investors have recently bought and sold shares of the company. Deutsche Bank AG purchased a new position in CB Financial Services during the 2nd quarter valued at about $173,000. Bank of America Corp DE purchased a new position in shares of CB Financial Services during the 2nd quarter worth approximately $212,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of CB Financial Services during the 2nd quarter worth approximately $351,000. HBK Sorce Advisory LLC acquired a new position in shares of CB Financial Services during the 2nd quarter worth approximately $393,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of CB Financial Services during the 2nd quarter worth approximately $407,000. 33.06% of the stock is currently owned by hedge funds and other institutional investors.

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.