CNB Financial (CCNE) Projected to Post Quarterly Earnings on Thursday

CNB Financial (NASDAQ:CCNE - Get Free Report) is projected to issue its Q2 2025 quarterly earnings data before the market opens on Thursday, July 17th. Analysts expect the company to announce earnings of $0.58 per share and revenue of $49.97 million for the quarter.

CNB Financial (NASDAQ:CCNE - Get Free Report) last released its quarterly earnings data on Monday, April 14th. The bank reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.04. CNB Financial had a return on equity of 9.80% and a net margin of 14.50%. The firm had revenue of $57.55 million during the quarter, compared to the consensus estimate of $54.05 million. On average, analysts expect CNB Financial to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

CNB Financial Stock Down 2.2%

NASDAQ:CCNE traded down $0.54 during mid-day trading on Friday, reaching $23.68. The company's stock had a trading volume of 100,873 shares, compared to its average volume of 64,894. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.19. CNB Financial has a 1 year low of $19.32 and a 1 year high of $29.29. The stock has a fifty day moving average of $22.58 and a 200-day moving average of $23.25. The firm has a market capitalization of $496.81 million, a PE ratio of 10.16 and a beta of 0.64.

CNB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $0.18 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 3.04%. CNB Financial's dividend payout ratio is currently 30.90%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CCNE shares. Stephens started coverage on shares of CNB Financial in a report on Monday, April 14th. They set an "overweight" rating and a $26.50 price objective on the stock. Keefe, Bruyette & Woods increased their target price on CNB Financial from $25.00 to $26.00 and gave the company a "market perform" rating in a research report on Friday.

Hedge Funds Weigh In On CNB Financial

A number of large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of CNB Financial by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,271 shares of the bank's stock valued at $273,000 after buying an additional 546 shares in the last quarter. Empowered Funds LLC raised its stake in shares of CNB Financial by 7.4% during the 1st quarter. Empowered Funds LLC now owns 77,776 shares of the bank's stock worth $1,731,000 after acquiring an additional 5,370 shares in the last quarter. AQR Capital Management LLC lifted its position in CNB Financial by 201.7% during the first quarter. AQR Capital Management LLC now owns 43,890 shares of the bank's stock valued at $977,000 after acquiring an additional 29,343 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in CNB Financial in the first quarter valued at approximately $714,000. 52.35% of the stock is currently owned by institutional investors.

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.