CB Financial Services, Inc. (NASDAQ:CBFV) Plans Dividend Increase – $0.28 Per Share

CB Financial Services, Inc. (NASDAQ:CBFV) declared a quarterly dividend on Tuesday, January 27th. Investors of record on Friday, February 13th will be paid a dividend of 0.28 per share by the bank on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, February 13th. This is a 7.7% increase from CB Financial Services’s previous quarterly dividend of $0.26.

CB Financial Services has increased its dividend by an average of 0.0%per year over the last three years. CB Financial Services has a payout ratio of 46.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect CB Financial Services to earn $2.23 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 46.6%.

CB Financial Services Price Performance

CBFV stock traded down $0.72 during trading on Wednesday, hitting $34.73. The stock had a trading volume of 2,708 shares, compared to its average volume of 3,694. CB Financial Services has a twelve month low of $26.01 and a twelve month high of $37.45. The company’s 50-day moving average price is $35.14 and its two-hundred day moving average price is $33.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $174.00 million, a P/E ratio of 72.36 and a beta of 0.32.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.11). The firm had revenue of $14.79 million during the quarter, compared to analysts’ expectations of $14.90 million. CB Financial Services had a net margin of 3.37% and a return on equity of 8.42%. As a group, research analysts predict that CB Financial Services will post 1.82 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on CBFV. Keefe, Bruyette & Woods raised their price target on CB Financial Services from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Weiss Ratings reissued a “hold (c)” rating on shares of CB Financial Services in a research note on Monday, December 29th. Finally, Zacks Research lowered shares of CB Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CB Financial Services presently has an average rating of “Hold” and an average price target of $36.00.

CB Financial Services Company Profile

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.