CB Financial Services Inc. (NASDAQ:CBFV) was downgraded by Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday, The Fly reports.
Shares of CB Financial Services (NASDAQ:CBFV) opened at 24.50 on Tuesday. The stock has a market capitalization of $99.98 million, a PE ratio of 13.69 and a beta of 0.32. The stock’s 50 day moving average is $23.39 and its 200 day moving average is $22.52. CB Financial Services has a 52-week low of $19.00 and a 52-week high of $25.50.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Friday, December 9th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Wednesday, December 7th. CB Financial Services’s payout ratio is 49.16%.
About CB Financial Services
CB Financial Services, Inc is the bank holding company for Community Bank (the Bank). The Company operates in community banking segment. The Bank offers residential and commercial real estate loans, commercial and industrial loans, and consumer loans, as well as a range of deposit products for individuals and businesses in its market area.