CNB Financial Corporation (NASDAQ:CCNE – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $36.75.
A number of research firms have recently issued reports on CCNE. Weiss Ratings restated a “buy (b)” rating on shares of CNB Financial in a report on Friday, September 4th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $37.00 price target (up from $35.00) on shares of CNB Financial in a report on Friday, July 24th. Wall Street Zen downgraded CNB Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. DA Davidson upped their price target on CNB Financial from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Finally, Raymond James Financial initiated coverage on CNB Financial in a research note on Wednesday, August 26th. They issued an “outperform” rating and a $39.00 price objective for the company.
Check Out Our Latest Report on CNB Financial
Institutional Trading of CNB Financial
CNB Financial Stock Performance
CNB Financial stock opened at $33.43 on Thursday. CNB Financial has a fifty-two week low of $22.80 and a fifty-two week high of $36.17. The firm’s 50 day simple moving average is $34.45 and its 200-day simple moving average is $32.06. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $990.20 million, a P/E ratio of 10.75 and a beta of 0.61.
CNB Financial (NASDAQ:CCNE – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $0.91 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. CNB Financial had a net margin of 19.37% and a return on equity of 12.85%. The business had revenue of $87.65 million during the quarter, compared to the consensus estimate of $85.87 million. As a group, equities research analysts predict that CNB Financial will post 3.56 EPS for the current year.
CNB Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $0.19 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.3%. CNB Financial’s dividend payout ratio is currently 24.44%.
About CNB Financial
CNB Financial Corporation is a bank holding company headquartered in Clearfield, Pennsylvania. Through its banking subsidiaries and regional banking brands, the company provides community banking services to individuals, families, businesses and organizations.
Its products and services include checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, business loans, treasury and cash-management services, online and mobile banking, and wealth-management and trust services.
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