CB Financial Services, Inc. (CBFV) To Go Ex-Dividend on November 15th

CB Financial Services, Inc. (NASDAQ:CBFV) announced a quarterly dividend on Friday, October 25th,Zacks Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.25 per share by the bank on Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Friday, November 15th.

CB Financial Services has raised its dividend by an average of 1.4% annually over the last three years. CB Financial Services has a payout ratio of 52.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect CB Financial Services to earn $1.93 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 51.8%.

CB Financial Services Stock Down 1.2 %

NASDAQ CBFV traded down $0.35 during trading hours on Wednesday, reaching $28.70. 4,931 shares of the company’s stock traded hands, compared to its average volume of 4,072. CB Financial Services has a 52-week low of $20.75 and a 52-week high of $29.90. The firm has a 50-day simple moving average of $28.11 and a 200 day simple moving average of $25.06. The firm has a market cap of $146.94 million, a PE ratio of 6.53 and a beta of 0.56. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.88.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. The business had revenue of $21.01 million during the quarter, compared to analysts’ expectations of $12.60 million. Sell-side analysts anticipate that CB Financial Services will post 2.18 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CBFV shares. DA Davidson upped their price target on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $25.00 target price (up previously from $24.00) on shares of CB Financial Services in a research note on Monday, July 29th. Finally, StockNews.com started coverage on shares of CB Financial Services in a research report on Friday, November 8th. They set a “hold” rating for the company.

About CB Financial Services

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.