CB Financial Services, Inc. (CBFV) to Issue Quarterly Dividend of $0.28 on August 28th

CB Financial Services, Inc. (NASDAQ:CBFV) announced a quarterly dividend on Monday, July 27th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.28 per share by the bank on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, August 14th.

CB Financial Services has raised its dividend payment by an average of 0.0%per year over the last three years. CB Financial Services has a payout ratio of 50.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect CB Financial Services to earn $3.38 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 33.1%.

CB Financial Services Trading Up 2.5%

CB Financial Services stock opened at $37.25 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a 50-day moving average of $36.32 and a 200-day moving average of $35.57. The company has a market cap of $188.86 million, a price-to-earnings ratio of 27.59 and a beta of 0.28. CB Financial Services has a one year low of $30.00 and a one year high of $38.86.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings results on Monday, July 27th. The bank reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. CB Financial Services had a return on equity of 10.17% and a net margin of 8.52%.The firm had revenue of $15.52 million during the quarter, compared to the consensus estimate of $15.40 million. On average, equities analysts expect that CB Financial Services will post 3.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Zacks Research raised CB Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CB Financial Services in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.00.

About CB Financial Services

CB Financial Services, Inc is a bank holding company headquartered in the Kansas City metropolitan area. Through its subsidiary, Community Bank & Trust, F.S.B., the company provides a comprehensive suite of retail and commercial banking services. Its primary focus is meeting the financial needs of individuals, small businesses and agricultural clients within its regional footprint.

The company’s deposit product lineup includes checking accounts, savings accounts, money market accounts and certificates of deposit.