CB Financial Services, Inc. (CBFV) To Go Ex-Dividend on February 14th

CB Financial Services, Inc. (NASDAQ:CBFV) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.25 per share by the bank on Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, February 14th.

CB Financial Services has raised its dividend by an average of 1.4% annually over the last three years. CB Financial Services has a dividend payout ratio of 46.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CB Financial Services to earn $2.23 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 44.8%.

CB Financial Services Stock Performance

NASDAQ:CBFV opened at $30.55 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87. The stock’s fifty day moving average is $29.63 and its 200 day moving average is $28.28. The firm has a market capitalization of $156.42 million, a PE ratio of 12.78 and a beta of 0.60. CB Financial Services has a fifty-two week low of $20.75 and a fifty-two week high of $33.72.

CB Financial Services (NASDAQ:CBFV) last announced its earnings results on Wednesday, January 29th. The bank reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.12). CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%. On average, sell-side analysts anticipate that CB Financial Services will post 1.82 earnings per share for the current year.

Insider Buying and Selling

In other CB Financial Services news, Chairman Mark E. Fox sold 3,538 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $31.50, for a total transaction of $111,447.00. Following the transaction, the chairman now directly owns 11,414 shares in the company, valued at $359,541. This trade represents a 23.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of CB Financial Services stock in a transaction on Friday, December 6th. The shares were sold at an average price of $32.63, for a total value of $111,431.45. Following the sale, the insider now directly owns 15,194 shares of the company’s stock, valued at approximately $495,780.22. This trade represents a 18.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,703 shares of company stock valued at $247,995 in the last 90 days. Company insiders own 9.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CBFV shares. DA Davidson raised their price objective on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. StockNews.com initiated coverage on CB Financial Services in a research note on Thursday, December 26th. They set a “hold” rating for the company.

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, 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.