CBB Bancorp (OTCMKTS:CBBI) Shares Up 1.8% – What’s Next?

CBB Bancorp, Inc. (OTCMKTS:CBBI) rose 1.8% during mid-day trading on Monday . The company traded as high as $10.69 and last traded at $10.67. Approximately 1,924 shares changed hands during trading, a decline of 86% from the average daily volume of 13,732 shares. The stock had previously closed at $10.48.

CBB Bancorp Price Performance

The business’s 50 day moving average price is $10.38 and its 200 day moving average price is $10.07. The stock has a market capitalization of $112.93 million, a P/E ratio of 4.76 and a beta of 0.55.

CBB Bancorp (OTCMKTS:CBBI) last issued its earnings results on Friday, October 25th. The company reported $0.53 earnings per share (EPS) for the quarter. The company had revenue of $17.69 million during the quarter.

CBB Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.40 annualized dividend and a dividend yield of 3.75%. This is a positive change from CBB Bancorp’s previous quarterly dividend of $0.08. CBB Bancorp’s payout ratio is presently 17.86%.

About CBB Bancorp

CBB Bancorp, Inc operates as the holding company for Commonwealth Business Bank that provides various commercial banking products and services to individuals and businesses in the United States. It offers checking, savings, money market, and certification of deposit accounts; SBA lending; business lines of credit; business term loans; business and commercial property loans; construction loans; and credit cards.