CB Financial Services, Inc. (NASDAQ:CBFV) Announces $0.28 Quarterly Dividend

CB Financial Services, Inc. (NASDAQ:CBFV) declared a quarterly dividend on Monday, July 27th. Investors of record on Friday, August 14th will be paid a dividend of 0.28 per share by the bank on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, August 14th.

CB Financial Services has raised its dividend by an average of 0.0%per year over the last three years. CB Financial Services has a payout ratio of 50.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CB Financial Services to earn $3.38 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 33.1%.

CB Financial Services Stock Up 1.2%

CBFV stock opened at $36.33 on Tuesday. The company has a market cap of $184.19 million, a PE ratio of 28.16 and a beta of 0.28. The business has a 50-day simple moving average of $36.27 and a 200 day simple moving average of $35.55. CB Financial Services has a 52 week low of $30.00 and a 52 week high of $38.86. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.22.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Monday, July 27th. The bank reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. CB Financial Services had a net margin of 8.32% and a return on equity of 10.07%. The firm had revenue of $15.52 million for the quarter, compared to the consensus estimate of $15.40 million. Sell-side analysts anticipate that CB Financial Services will post 3.12 EPS for the current fiscal year.

About CB Financial Services

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.