CB Financial Services, Inc. (NASDAQ:CBFV) Stock to Pay Quarterly Dividend of $0.28

Key Points

• CB Financial Services declared a quarterly dividend of $0.28 per share, payable November 27 to shareholders of record November 13. The dividend equals $1.12 annually and represents a 2.9% yield.
• The dividend appears supported by earnings, with a current payout ratio of 50.5% and an expected future payout ratio of 32.6% based on projected earnings of $3.44 per share.
• CB Financial Services reported quarterly earnings of $0.91 per share, exceeding analysts’ $0.81 estimate, while revenue of $16.02 million fell slightly short of expectations.

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) declared a quarterly dividend on Monday, October 26th. Shareholders 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 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, November 13th.

CB Financial Services has a payout ratio of 50.5% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Performance

Shares of NASDAQ CBFV opened at $39.15 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.21. CB Financial Services has a 12 month low of $31.72 and a 12 month high of $39.55. The company has a 50 day simple moving average of $37.41 and a two-hundred day simple moving average of $36.11. The stock has a market cap of $198.96 million, a price-to-earnings ratio of 29.00 and a beta of 0.29.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last released its quarterly earnings data on Monday, October 26th. The bank reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.10. CB Financial Services had a net margin of 8.52% and a return on equity of 10.08%. The firm had revenue of $16.02 million for the quarter, compared to analyst estimates of $16.25 million. As a group, analysts predict that CB Financial Services will post 3.21 earnings per share for the current year.

About CB Financial Services

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.

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