CNB Financial Co. (NASDAQ:CCNE - Get Free Report) declared a quarterly dividend on Tuesday, May 14th, Zacks reports. Shareholders of record on Friday, May 31st will be given a dividend of 0.175 per share by the bank on Friday, June 14th. This represents a $0.70 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Friday, May 31st.
CNB Financial has increased its dividend by an average of 1.0% per year over the last three years.
CNB Financial Price Performance
Shares of NASDAQ:CCNE traded up $0.20 on Thursday, reaching $20.45. 38,656 shares of the company traded hands, compared to its average volume of 47,385. The stock has a market capitalization of $429.45 million, a PE ratio of 8.59 and a beta of 0.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. The company's 50 day moving average is $19.64 and its 200-day moving average is $20.53. CNB Financial has a fifty-two week low of $16.43 and a fifty-two week high of $23.40.
CNB Financial (NASDAQ:CCNE - Get Free Report) last released its quarterly earnings results on Monday, April 15th. The bank reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. The business had revenue of $54.18 million during the quarter, compared to analyst estimates of $55.00 million. CNB Financial had a return on equity of 10.73% and a net margin of 15.96%. As a group, analysts anticipate that CNB Financial will post 2.23 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods cut their price target on shares of CNB Financial from $23.00 to $22.00 and set a "market perform" rating on the stock in a report on Wednesday, April 17th.
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About CNB Financial
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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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