CB Financial Services, Inc. (CBFV) to Issue Quarterly Dividend of $0.28 on November 27th

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

CB Financial Services has a payout ratio of 50.5% meaning its dividend is sufficiently covered by earnings. Analysts expect CB Financial Services to earn $3.44 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 32.6%.

CB Financial Services Trading Up 3.2%

NASDAQ CBFV opened at $40.39 on Wednesday. The business’s 50 day moving average is $37.51 and its two-hundred day moving average is $36.17. CB Financial Services has a 12-month low of $31.72 and a 12-month high of $40.39.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Monday, October 26th. The bank reported $0.91 EPS for the quarter, beating the consensus estimate of $0.81 by $0.10. The company had revenue of $16.02 million during the quarter, compared to analyst estimates of $16.25 million. Research analysts anticipate that CB Financial Services will post 3.21 earnings per share for the current year.

CB Financial Services News Summary

Here are the key news stories impacting CB Financial Services this week:

• Positive Sentiment: Third-quarter earnings beat expectations: CBFV reported earnings of $0.91 per share, up from $0.74 a year earlier and above consensus estimates ranging from $0.81 to $0.83. The bank also reported a 10.08% return on equity and an 8.52% net margin. CB Financial Services Q3 Earnings Top Estimates
• Positive Sentiment: Analyst remains bullish: DA Davidson reaffirmed its “buy” rating and set a $44 price target, implying additional upside from the stock’s recent trading level. DA Davidson Reaffirms Buy Rating
• Positive Sentiment: Dividend announced: The bank declared a quarterly dividend of $0.28 per share, or $1.12 annualized, representing a yield of approximately 2.9%. The dividend is payable November 27 to shareholders of record November 13. CB Financial Services Earnings Results
• Neutral Sentiment: Mixed operating results: Quarterly revenue was $16.02 million, slightly below the $16.25 million analyst estimate, partially offsetting the strong EPS performance. CB Financial Services Earnings Results
• Neutral Sentiment: Credit-quality update: CBFV reported net charge-offs for the quarter ended September 30, but the available report does not provide enough detail to assess whether credit trends improved or deteriorated. CB Financial Services Reports Net Charge-Offs
• Neutral Sentiment: Short-interest data: Reported short interest was zero shares, indicating no meaningful short-selling pressure, although the data point appears inconsistent with the description of a “significant increase.”

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.