Shares of CNB Financial Corporation (NASDAQ:CCNE – Get Free Report) have been given an average rating of “Moderate Buy” by the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $34.3333.
Several research analysts have issued reports on the company. Weiss Ratings upgraded CNB Financial from a “hold (c)” rating to a “buy (b)” rating in a report on Thursday, March 12th. Stephens increased their target price on CNB Financial from $28.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Wall Street Zen downgraded shares of CNB Financial from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Keefe, Bruyette & Woods boosted their price target on shares of CNB Financial from $30.00 to $34.00 and gave the company a “market perform” rating in a research note on Tuesday, April 21st. Finally, DA Davidson assumed coverage on shares of CNB Financial in a report on Friday. They set a “neutral” rating and a $34.00 price objective on the stock.
Get Our Latest Stock Analysis on CCNE
Institutional Trading of CNB Financial
CNB Financial Stock Down 1.4%
NASDAQ:CCNE traded down $0.42 during trading hours on Friday, reaching $29.98. The company had a trading volume of 8,901 shares, compared to its average volume of 152,564. CNB Financial has a twelve month low of $21.19 and a twelve month high of $31.80. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.13. The firm has a market cap of $888.16 million, a price-to-earnings ratio of 10.66 and a beta of 0.65. The business’s 50-day simple moving average is $29.45 and its two-hundred day simple moving average is $27.78.
CNB Financial (NASDAQ:CCNE – Get Free Report) last released its quarterly earnings data on Monday, April 20th. The bank reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. The company had revenue of $83.32 million for the quarter, compared to analysts’ expectations of $79.35 million. CNB Financial had a net margin of 17.62% and a return on equity of 12.14%. On average, equities analysts expect that CNB Financial will post 3.58 earnings per share for the current year.
CNB Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.76 annualized dividend and a yield of 2.5%. CNB Financial’s dividend payout ratio (DPR) is presently 27.05%.
About CNB Financial
CNB Financial Corporation (NASDAQ: CCNE) is a bank holding company headquartered in Clearfield, Pennsylvania. The company operates through its wholly owned subsidiary, CNB Bank & Trust, providing a full suite of community banking services. With a focus on relationship-driven banking, CNB Financial seeks to serve individuals, small businesses and agricultural clients across central Pennsylvania.
The company’s core offerings include deposit products such as checking accounts, savings accounts, money market accounts and certificates of deposit.
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