CBB Bancorp, Inc. Announces Quarterly Dividend Plans

CBB Bancorp, Inc. (OTCMKTS:CBBI) declared its quarterly dividend on Thursday, January 30th. Shareholders who are on record as of February 14th will receive a dividend of $0.10 per share. This payment is scheduled to be distributed on February 28th. On an annual basis, this results in a total dividend of $0.40, translating to a dividend yield of 3.77%. Notably, the date on which investors must purchase shares to be eligible for this dividend is also February 14th.

CBB Bancorp Stock Performance

During trading on Friday, shares of CBBI maintained a stable price of $10.60. A total of 18,919 shares were traded, significantly higher than the average volume of 4,220. The company's 50-day simple moving average is positioned at $10.67, while the 200-day simple moving average stands at $10.45. CBB Bancorp holds a market capitalization of approximately $112.25 million, a price-to-earnings (PE) ratio of 4.73, and a beta of 0.54. Over the past year, the stock has experienced a low of $9.22 and a high of $11.50.

The company released its most recent quarterly earnings report on January 31st, indicating an earnings per share (EPS) of $0.54 for that quarter.

About CBB Bancorp

CBB Bancorp, Inc. serves as the parent company for the Commonwealth Business Bank. The bank offers a comprehensive range of commercial banking services and products targeted at both individuals and businesses across the United States. Their offerings include checking and savings accounts, money market accounts, certificates of deposit, SBA lending, business lines of credit, term loans, commercial property loans, construction loans, and credit cards.

Investment Considerations

Investors contemplating whether to invest in CBB Bancorp may want to take a moment to assess market insights. Current analysis shows that CBB Bancorp holds a "Hold" rating among analysts, suggesting that while it may be a stable investment, other options could present more attractive growth opportunities. Analysts have identified five other stocks as preferable investments at this time.

In conclusion, CBB Bancorp's dividend announcement highlights a stable yet conservative approach to returns for its investors, with regular dividends that reflect the company’s steady earnings. Nevertheless, potential investors should remain aware of other investment opportunities available in the market.

CBBI, Dividend, Investment