CB Financial Services, Inc. (NASDAQ:CBFV) to Issue Quarterly Dividend of $0.25

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) declared a quarterly dividend on Friday, April 26th, Zacks reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.25 per share by the bank on Friday, May 31st. This represents a $1.00 annualized dividend and a yield of 4.44%. The ex-dividend date is Tuesday, May 14th.

CB Financial Services has increased its dividend by an average of 1.4% annually over the last three years and has raised its dividend every year for the last 1 years. CB Financial Services has a dividend payout ratio of 44.2% meaning its dividend is sufficiently covered by earnings. Analysts expect CB Financial Services to earn $2.15 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 46.5%.

CB Financial Services Stock Performance

Shares of NASDAQ:CBFV traded up $0.12 during trading on Friday, hitting $22.53. The company's stock had a trading volume of 1,570 shares, compared to its average volume of 4,715. The company has a 50-day moving average of $21.76 and a 200-day moving average of $22.48. CB Financial Services has a 12 month low of $18.62 and a 12 month high of $27.02. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $115.78 million, a price-to-earnings ratio of 5.12 and a beta of 0.54.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CBFV shares. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $24.00 price objective (down previously from $26.00) on shares of CB Financial Services in a research note on Thursday, May 2nd. StockNews.com started coverage on shares of CB Financial Services in a research note on Wednesday. They issued a "hold" rating on the stock. Finally, DA Davidson reiterated a "neutral" rating and issued a $24.00 price objective on shares of CB Financial Services in a research note on Monday, February 5th.

CB Financial Services Company Profile

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, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts, as well as time deposit products.