Commercial National Financial (OTCMKTS:CEFC) Announces Quarterly Earnings Results

Commercial National Financial (OTCMKTS:CEFC) released its quarterly earnings results on Tuesday. The company reported $0.47 earnings per share for the quarter, Zacks reports.

Commercial National Financial Stock Performance

CEFC stock traded down $0.10 during midday trading on Tuesday, reaching $10.20. 300 shares of the company traded hands, compared to its average volume of 320. Commercial National Financial has a 52-week low of $8.35 and a 52-week high of $10.67. The firm has a market capitalization of $40.49 million, a price-to-earnings ratio of 7.39 and a beta of 0.48. The business has a 50 day moving average of $10.01 and a 200-day moving average of $9.47.

Commercial National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.56 annualized dividend and a dividend yield of 5.49%. Commercial National Financial’s dividend payout ratio (DPR) is 40.58%.

About Commercial National Financial

Commercial National Financial Corporation operates as the holding company for Commercial Bank that provides various banking products and services to individuals, agricultural businesses, commercial businesses, and light industries in Michigan. The company accepts various deposit products, including checking and savings accounts, individual retirement accounts, certificates of deposit, and health savings accounts.