Keefe, Bruyette & Woods downgraded shares of CB Financial Services Inc. (NASDAQ:CBFV) from an outperform rating to a market perform rating in a research note released on Tuesday morning.

Shares of CB Financial Services (NASDAQ:CBFV) opened at 24.40 on Tuesday. The company’s 50 day moving average price is $23.39 and its 200 day moving average price is $22.52. The firm has a market capitalization of $99.58 million, a price-to-earnings ratio of 13.63 and a beta of 0.32. CB Financial Services has a 52-week low of $19.00 and a 52-week high of $25.50.

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The company also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Friday, December 9th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Wednesday, December 7th. CB Financial Services’s dividend payout ratio (DPR) is presently 49.16%.

CB Financial Services Company Profile

CB Financial Services, Inc is the bank holding company for Community Bank (the Bank). The Company operates in community banking segment. The Bank offers residential and commercial real estate loans, commercial and industrial loans, and consumer loans, as well as a range of deposit products for individuals and businesses in its market area.

5 Day Chart for NASDAQ:CBFV

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