CNB Financial Corporation (NASDAQ:CCNE – Get Free Report) declared a quarterly dividend on Tuesday, November 10th. Investors of record on Tuesday, December 1st will be given a dividend of $0.19 per share by the bank on Tuesday, December 15th. This represents a $0.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 1st.
CNB Financial has a dividend payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CNB Financial to earn $3.74 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 20.3%.
CNB Financial Price Performance
CCNE stock traded down $0.13 during mid-day trading on Wednesday, hitting $35.98. 10,878 shares of the stock were exchanged, compared to its average volume of 154,127. 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 business has a fifty day moving average price of $34.50 and a 200 day moving average price of $32.01. CNB Financial has a 12 month low of $23.78 and a 12 month high of $37.70. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.45 and a beta of 0.61.
CNB Financial (NASDAQ:CCNE – Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The bank reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $87.79 million during the quarter, compared to analysts’ expectations of $87.76 million. CNB Financial had a return on equity of 13.15% and a net margin of 23.26%. On average, sell-side analysts anticipate that CNB Financial will post 3.58 EPS for the current year.
CNB Financial Company Profile
CNB Financial Corporation is a bank holding company headquartered in Clearfield, Pennsylvania. Through its subsidiary, CNB Bank, it provides banking and related financial services to individuals, businesses and organizations. Its offerings include consumer and commercial deposit accounts, loans, mortgage services, cash management and other banking services. The company also provides wealth management and trust services through its financial services businesses. CNB Bank traces its roots to 1865 and serves communities across Pennsylvania, Ohio and New York.
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