Media coverage about CNB Financial Corporation (NASDAQ:CCNE) has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CNB Financial Corporation earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 45.2730073496593 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
CNB Financial Corporation (CCNE) traded down 0.61% on Tuesday, reaching $24.54. 15,509 shares of the company’s stock traded hands. The firm’s 50-day moving average is $24.93 and its 200 day moving average is $24.00. The stock has a market capitalization of $372.66 million, a PE ratio of 14.77 and a beta of 0.85. CNB Financial Corporation has a 52-week low of $18.01 and a 52-week high of $28.43.
CNB Financial Corporation (NASDAQ:CCNE) last announced its quarterly earnings results on Friday, July 21st. The bank reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.12. CNB Financial Corporation had a net margin of 20.21% and a return on equity of 10.92%. The firm had revenue of $28.08 million during the quarter, compared to the consensus estimate of $27.14 million. Analysts forecast that CNB Financial Corporation will post $1.60 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Wednesday, August 30th. CNB Financial Corporation’s dividend payout ratio is currently 39.76%.
Several research analysts have commented on CCNE shares. Zacks Investment Research upgraded shares of CNB Financial Corporation from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Monday, July 24th. BidaskClub cut shares of CNB Financial Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st.
In related news, Director Dennis L. Merrey sold 2,000 shares of CNB Financial Corporation stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $26.56, for a total transaction of $53,120.00. Following the completion of the transaction, the director now directly owns 49,570 shares of the company’s stock, valued at approximately $1,316,579.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.40% of the company’s stock.
CNB Financial Corporation Company Profile
CNB Financial Corporation is a financial holding company. The Company is the holding company of CNB Bank (the Bank); CNB Securities Corporation, which maintains investments in debt and equity securities; CNB Insurance Agency, which provides for the sale of nonproprietary annuities and other insurance products, and Holiday Financial Services Corporation, which offers small balance unsecured loans and secured loans, primarily collateralized by automobiles and equipment.
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