CB Financial Services, Inc. (NASDAQ:CBFV – Get Rating) declared a quarterly dividend on Thursday, July 28th, Zacks reports. Stockholders of record on Friday, August 19th will be given a dividend of 0.24 per share by the bank on Wednesday, August 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Thursday, August 18th.
CB Financial Services has increased its dividend by an average of 2.6% per year over the last three years. CB Financial Services has a payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect CB Financial Services to earn $2.45 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 39.2%.
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CB Financial Services Trading Down 0.5 %
CB Financial Services stock opened at $22.29 on Wednesday. The firm's 50-day moving average is $22.46 and its 200-day moving average is $23.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.87 and a current ratio of 0.87. CB Financial Services has a 1 year low of $20.49 and a 1 year high of $26.80. The company has a market cap of $113.90 million, a P/E ratio of 9.78 and a beta of 0.62.
Institutional Trading of CB Financial Services
A number of large investors have recently modified their holdings of CBFV. American Century Companies Inc. increased its holdings in shares of CB Financial Services by 28.7% in the 1st quarter. American Century Companies Inc. now owns 15,928 shares of the bank's stock worth $375,000 after acquiring an additional 3,552 shares during the period. The Manufacturers Life Insurance Company increased its stake in CB Financial Services by 1.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 157,095 shares of the bank's stock valued at $3,700,000 after buying an additional 2,742 shares during the period. State Street Corp increased its stake in CB Financial Services by 10.2% during the 2nd quarter. State Street Corp now owns 11,641 shares of the bank's stock valued at $266,000 after buying an additional 1,080 shares during the period. Finally, Vanguard Group Inc. increased its stake in CB Financial Services by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 185,433 shares of the bank's stock valued at $4,451,000 after buying an additional 495 shares during the period. Institutional investors and hedge funds own 30.65% of the company's stock.
Analyst Ratings Changes
CBFV has been the topic of a number of recent research reports. DA Davidson restated a "neutral" rating on shares of CB Financial Services in a research report on Wednesday, July 27th. StockNews.com assumed coverage on shares of CB Financial Services in a research report on Wednesday. They issued a "hold" rating on the stock. Finally, TheStreet cut shares of CB Financial Services from a "b" rating to a "c+" rating in a report on Tuesday, May 24th.
CB Financial Services Company Profile
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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.
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