CBB Bancorp, Inc. (OTCMKTS:CBBI) Declares Dividend Increase – $0.10 Per Share

CBB Bancorp, Inc. (OTCMKTS:CBBI) announced a quarterly dividend on Thursday, October 24th, NASDAQ reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.10 per share on Friday, November 22nd. This represents a $0.40 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Friday, November 8th. This is a positive change from CBB Bancorp’s previous quarterly dividend of $0.08.

CBB Bancorp Price Performance

Shares of CBB Bancorp stock traded up $0.25 during midday trading on Friday, hitting $10.27. The company had a trading volume of 44,045 shares, compared to its average volume of 14,116. The business’s 50 day simple moving average is $10.35 and its two-hundred day simple moving average is $9.98. The stock has a market cap of $108.74 million, a PE ratio of 3.97 and a beta of 0.55. CBB Bancorp has a 1-year low of $9.22 and a 1-year high of $10.55.

CBB Bancorp (OTCMKTS:CBBI) last issued its earnings results on Friday, July 26th. The company reported $0.51 EPS for the quarter. The firm had revenue of $17.70 million during the quarter.

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.