CB Financial Services Inc Declares Quarterly Dividend of $0.24 (NASDAQ:CBFV)

CB Financial Services Inc (NASDAQ:CBFV) declared a quarterly dividend on Wednesday, November 20th, Zacks reports. Stockholders of record on Friday, December 6th will be paid a dividend of 0.24 per share by the bank on Monday, December 16th. This represents a $0.96 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Thursday, December 5th.

Shares of CBFV opened at $30.09 on Tuesday. The firm has a market cap of $161.76 million, a P/E ratio of 17.80 and a beta of 0.40. CB Financial Services has a 12-month low of $22.77 and a 12-month high of $30.27. The company’s 50-day moving average price is $27.63 and its 200 day moving average price is $25.48. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.11.

CB Financial Services (NASDAQ:CBFV) last announced its earnings results on Monday, October 28th. The bank reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.17. CB Financial Services had a net margin of 20.31% and a return on equity of 8.43%. The company had revenue of $13.30 million during the quarter. Equities research analysts forecast that CB Financial Services will post 2.25 earnings per share for the current year.

In other news, Director John J. Lacarte purchased 1,118 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of $28.76 per share, for a total transaction of $32,153.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired 1,253 shares of company stock worth $35,605 over the last 90 days. 7.90% of the stock is owned by insiders.

Separately, Zacks Investment Research upgraded shares of CB Financial Services from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th.

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

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Dividend History for CB Financial Services (NASDAQ:CBFV)

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