CB Financial Services (NASDAQ:CBFV) Releases Quarterly Earnings Results, Meets Expectations

CB Financial Services (NASDAQ:CBFV) announced its quarterly earnings data on Wednesday. The bank reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52, Zacks reports. CB Financial Services had a return on equity of 8.79% and a net margin of 24.64%. The company had revenue of $19.63 million for the quarter, compared to analysts’ expectations of $12.60 million.

CB Financial Services Stock Down 0.5 %

NASDAQ CBFV traded down $0.12 during midday trading on Friday, hitting $24.88. 230 shares of the company traded hands, compared to its average volume of 3,613. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $127.88 million, a PE ratio of 5.57 and a beta of 0.56. The company’s 50-day simple moving average is $22.66 and its 200-day simple moving average is $22.56. CB Financial Services has a 52 week low of $20.10 and a 52 week high of $27.02.

CB Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 4.02%. CB Financial Services’s dividend payout ratio (DPR) is presently 22.73%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CBFV. Keefe, Bruyette & Woods reissued 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 began coverage on CB Financial Services in a research note on Friday, July 19th. They issued a “hold” rating on the stock.

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.