CB Financial Services Inc (NASDAQ:CBFV) announced a quarterly dividend on Wednesday, November 21st, NASDAQ reports. Investors of record on Monday, December 10th will be paid a dividend of 0.23 per share by the bank on Thursday, December 20th. This represents a $0.92 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Friday, December 7th. This is a boost from CB Financial Services’s previous quarterly dividend of $0.22.
CB Financial Services has raised its dividend by an average of 61.2% annually over the last three years. CB Financial Services has a dividend payout ratio of 59.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect CB Financial Services to earn $2.20 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 41.8%.
Shares of CB Financial Services stock opened at $25.80 on Thursday. The firm has a market cap of $139.69 million, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 1.69 and a beta of 0.45. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.86. CB Financial Services has a 12 month low of $25.50 and a 12 month high of $36.95.
In other news, Director David F. Pollock bought 1,100 shares of the stock in a transaction on Wednesday, November 7th. The shares were purchased at an average cost of $27.85 per share, for a total transaction of $30,635.00. Following the completion of the purchase, the director now directly owns 6,691 shares in the company, valued at approximately $186,344.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders acquired 2,895 shares of company stock worth $78,737. Corporate insiders own 10.60% of the company’s stock.
Several analysts have issued reports on CBFV shares. ValuEngine lowered CB Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. TheStreet lowered CB Financial Services from a “b” rating to a “c+” rating in a research note on Wednesday, October 24th. Finally, Zacks Investment Research lowered CB Financial Services from a “hold” rating to a “sell” rating in a research note on Monday, November 5th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $34.67.
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About CB Financial Services
CB Financial Services, Inc operates as the bank holding company for Community Bank that provides various banking products and services for individuals and businesses in southwestern Pennsylvania. The company's deposit products include demand deposits, NOW accounts, money market accounts, savings accounts, and time deposits.
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