CB Financial Services, Inc. (NASDAQ:CBFV) Declares $0.25 Quarterly Dividend

CB Financial Services, Inc. (NASDAQ:CBFV) declared a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Investors 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 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Friday, February 14th.

CB Financial Services has raised its dividend payment by an average of 1.4% annually over the last three years. CB Financial Services has a payout ratio of 46.7% meaning its dividend is sufficiently covered by earnings. Analysts expect CB Financial Services to earn $1.89 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 52.9%.

CB Financial Services Trading Up 0.1 %

CBFV traded up $0.03 during midday trading on Thursday, hitting $29.29. The company’s stock had a trading volume of 7,066 shares, compared to its average volume of 6,480. CB Financial Services has a 52-week low of $20.75 and a 52-week high of $33.72. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $29.74 and a two-hundred day moving average price of $27.86. The firm has a market cap of $149.94 million, a P/E ratio of 6.58 and a beta of 0.60.

CB Financial Services (NASDAQ:CBFV) last posted its earnings results on Wednesday, January 29th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.12). CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. On average, research analysts anticipate that CB Financial Services will post 2.18 earnings per share for the current year.

Insider Buying and Selling at CB Financial Services

In related news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $32.63, for a total value of $111,431.45. Following the sale, the insider now directly owns 15,194 shares of the company’s stock, valued at $495,780.22. This represents a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Mark E. Fox sold 3,538 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $31.50, for a total transaction of $111,447.00. Following the transaction, the chairman now owns 11,414 shares in the company, valued at $359,541. This trade represents a 23.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,703 shares of company stock valued at $247,995 in the last ninety days. Insiders own 9.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. DA Davidson upped their target price on CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. StockNews.com began coverage on shares of CB Financial Services in a research report on Thursday, December 26th. They issued 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.