CB Financial Services, Inc. (CBFV) Plans Quarterly Dividend of $0.22
CB Financial Services, Inc. (NASDAQ:CBFV) declared a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Investors of record on Friday, December 8th will be paid a dividend of 0.22 per share by the bank on Monday, December 18th. This represents a $0.88 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Thursday, December 7th.
Shares of CB Financial Services (CBFV) traded down $0.03 during trading on Thursday, hitting $30.41. 1,041 shares of the company traded hands, compared to its average volume of 4,170. The stock has a market cap of $118.90, a price-to-earnings ratio of 15.72, a P/E/G ratio of 1.59 and a beta of 0.36. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. CB Financial Services has a 52-week low of $23.53 and a 52-week high of $30.50.
CBFV has been the subject of several research analyst reports. Zacks Investment Research raised shares of CB Financial Services from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, August 22nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $30.00 price objective on shares of CB Financial Services in a research report on Wednesday, November 1st.
A hedge fund recently raised its stake in CB Financial Services stock. Vanguard Group Inc. boosted its holdings in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 1.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 63,052 shares of the bank’s stock after buying an additional 1,021 shares during the quarter. Vanguard Group Inc. owned 1.54% of CB Financial Services worth $1,645,000 at the end of the most recent reporting period. 19.94% of the stock is owned by hedge funds and other institutional investors.
About CB Financial Services
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.
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