CB Financial Services, Inc. (CBFV) To Go Ex-Dividend on November 13th

CB Financial Services, Inc. (NASDAQ:CBFV) declared a quarterly dividend on Monday, October 26th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.28 per share by the bank on Friday, November 27th. This represents a $1.12 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, November 13th.

CB Financial Services has a payout ratio of 50.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CB Financial Services to earn $3.46 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 32.4%.

CB Financial Services Price Performance

CB Financial Services stock opened at $40.34 on Wednesday. The business has a 50 day simple moving average of $38.09 and a 200 day simple moving average of $36.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $205.01 million, a PE ratio of 11.83 and a beta of 0.28. CB Financial Services has a one year low of $32.00 and a one year high of $41.31.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings results on Monday, October 26th. The bank reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. CB Financial Services had a return on equity of 10.56% and a net margin of 21.00%. The firm had revenue of $16.02 million for the quarter, compared to analysts’ expectations of $16.25 million. On average, sell-side analysts forecast that CB Financial Services will post 3.33 EPS for the current fiscal year.

Insider Buying and Selling at CB Financial Services

In other news, insider Stephen Cobain sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $37.10, for a total transaction of $55,650.00. Following the completion of the transaction, the insider directly owned 4,313 shares of the company’s stock, valued at $160,012.30. This trade represents a 25.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Swiatek sold 1,000 shares of CB Financial Services stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $37.06, for a total transaction of $37,060.00. Following the completion of the sale, the director owned 12,644 shares in the company, valued at $468,586.64. This trade represents a 7.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 4,610 shares of company stock worth $177,933. Corporate insiders own 10.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CBFV. Deutsche Bank AG acquired a new stake in CB Financial Services in the 2nd quarter valued at $173,000. Bank of America Corp DE bought a new position in shares of CB Financial Services in the 2nd quarter valued at about $212,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of CB Financial Services in the 2nd quarter valued at about $351,000. HBK Sorce Advisory LLC bought a new position in shares of CB Financial Services in the 2nd quarter valued at about $393,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of CB Financial Services in the second quarter valued at about $407,000. Institutional investors and hedge funds own 33.06% of the company’s stock.

CB Financial Services Company Profile

CB Financial Services, Inc. is a bank holding company headquartered in Carmichaels, Pennsylvania. Its principal subsidiary, Community Bank, provides personal and business banking services to individuals, families, farms, and companies in the communities it serves. Community Bank offers a range of deposit products, including checking, savings, money market, and time deposit accounts. Its lending activities include residential mortgages, home equity loans, commercial real estate financing, business loans, agricultural loans, and consumer credit.