CNB Financial (NASDAQ:CCNE) Issues Earnings Results

CNB Financial (NASDAQ:CCNE) released its quarterly earnings data on Tuesday. The bank reported $0.66 EPS for the quarter, beating the consensus estimate of $0.61 by $0.05, Zacks reports. CNB Financial had a net margin of 14.90% and a return on equity of 10.13%.

CNB Financial Price Performance

CCNE stock traded down $0.17 during mid-day trading on Tuesday, reaching $25.42. The company’s stock had a trading volume of 88,001 shares, compared to its average volume of 105,165. The stock has a market cap of $533.57 million, a PE ratio of 10.86 and a beta of 0.71. The company’s 50 day moving average is $25.95 and its two-hundred day moving average is $24.94. CNB Financial has a fifty-two week low of $17.74 and a fifty-two week high of $29.29. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.19.

CNB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, November 29th. This represents a $0.72 annualized dividend and a yield of 2.83%. CNB Financial’s dividend payout ratio is presently 30.77%.

Analyst Ratings Changes

Several brokerages recently weighed in on CCNE. StockNews.com cut CNB Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods cut their price objective on CNB Financial from $30.00 to $28.00 and set a “market perform” rating for the company in a research note on Monday, January 13th.

CNB Financial Company Profile

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.