CNB Financial - CCNE Stock Forecast, Price & News

CNB Financial's stock was trading at $23.79 at the beginning of the year. Since then, CCNE stock has decreased by 19.3% and is now trading at $19.20.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 17th 2023.
View our CCNE earnings forecast.

CNB Financial Co. (NASDAQ:CCNE) issued its quarterly earnings data on Thursday, January, 19th. The bank reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by $0.04. The bank had revenue of $59.84 million for the quarter, compared to the consensus estimate of $59.80 million. CNB Financial had a trailing twelve-month return on equity of 15.18% and a net margin of 25.43%.

CNB Financial announced a quarterly dividend on Tuesday, February 14th. Shareholders of record on Wednesday, March 1st will be given a dividend of $0.175 per share on Wednesday, March 15th. This represents a $0.70 annualized dividend and a yield of 3.65%. The ex-dividend date is Tuesday, February 28th.
Read our dividend analysis for CCNE.

ETFs with the largest weight of CNB Financial (NASDAQ:CCNE) stock in their portfolio include First Trust RBA American Industrial RenaissanceTM ETF (AIRR), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), First Trust NASDAQ ABA Community Bank Index Fund (QABA) and Dimensional US Small Cap Value ETF (DFSV),

CNB Financial (NASDAQ:CCNE) pays an annual dividend of $0.70 per share and currently has a dividend yield of 3.69%. The dividend payout ratio is 21.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CCNE will have a dividend payout ratio of 20.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CCNE.

5 employees have rated CNB Financial Chief Executive Officer Joseph B. Bower Jr. on Glassdoor.com. Joseph B. Bower Jr. has an approval rating of 76% among the company's employees. 71.0% of employees surveyed would recommend working at CNB Financial to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other CNB Financial investors own include AT&T (T), Broadcom (AVGO), Enterprise Products Partners (EPD), Walgreens Boots Alliance (WBA), AbbVie (ABBV), Cinemark (CNK), General Motors (GM), GSK (GSK), Main Street Capital (MAIN) and Methanex (MEOH).

CNB Financial trades on the NASDAQ under the ticker symbol "CCNE."

Shares of CCNE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CCNE stock can currently be purchased for approximately $19.20.

CNB Financial (NASDAQ:CCNE) has a market capitalization of $405.45 million and generates $219.62 million in revenue each year. The bank earns $63.19 million in net income (profit) each year or $3.29 on an earnings per share basis.

The company employs 659 workers across the globe.

CNB Financial's mailing address is 1 SOUTH SECOND STREET P.O. BOX 42, CLEARFIELD PA, 16830. The official website for the company is www.cnbbank.bank. The bank can be reached via phone at (814) 765-9621, via email at joe.bower@cnbbank.bank, or via fax at 814-765-9621.