CNB Financial (NASDAQ:CCNE – Get Free Report) announced its quarterly earnings results on Monday. The bank reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04, Yahoo Finance reports. CNB Financial had a net margin of 15.30% and a return on equity of 10.37%. The company had revenue of $94.21 million for the quarter, compared to the consensus estimate of $55.40 million.
CNB Financial Trading Up 2.4 %
Shares of CNB Financial stock traded up $0.56 on Tuesday, reaching $24.37. The company had a trading volume of 2,817 shares, compared to its average volume of 45,159. The firm’s 50-day moving average price is $23.70 and its two-hundred day moving average price is $21.62. CNB Financial has a 1 year low of $17.45 and a 1 year high of $26.87. The firm has a market cap of $511.87 million, a price-to-earnings ratio of 10.24 and a beta of 0.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94.
CNB Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.18 per share. The ex-dividend date was Friday, August 30th. This is an increase from CNB Financial’s previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a yield of 2.95%. CNB Financial’s dividend payout ratio is 30.25%.
Analyst Upgrades and Downgrades
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About CNB Financial
CNB Financial Corporation operates as the bank holding company for CNB Bank that provides a range of banking products and services for individual, business, governmental, and institutional customers. The company accepts checking, savings, and time deposit accounts; and offers real estate, commercial, industrial, residential, and consumer loans, as well as various other specialized financial services.
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