Zacks Investment Research upgraded shares of CNB Financial Corp. (NASDAQ:CCNE) from a sell rating to a hold rating in a research report released on Monday morning.

According to Zacks, “CNB Financial Corporation is a bank holding company headquartered in Clearfield, PA. It conducts business principally through County National Bank whose market area includes twenty convenient office locations in Pennsylvania. “

CNB Financial Corp. (NASDAQ:CCNE) opened at 20.78 on Monday. The company has a market capitalization of $298.36 million, a price-to-earnings ratio of 14.91 and a beta of 0.81. The stock has a 50 day moving average price of $19.77 and a 200 day moving average price of $18.36. CNB Financial Corp. has a 52-week low of $16.51 and a 52-week high of $21.70.

CNB Financial Corp. (NASDAQ:CCNE) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.10. CNB Financial Corp. had a return on equity of 9.80% and a net margin of 19.36%. Equities research analysts forecast that CNB Financial Corp. will post $1.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.66 annualized dividend and a yield of 3.18%. CNB Financial Corp.’s dividend payout ratio (DPR) is presently 44.00%.

CNB Financial Corp. Company Profile

CNB Financial Corporation is a financial holding company. The Company provides a range of banking and related services through its subsidiary, CNB Bank (the Bank). In addition, the Bank provides trust and asset management services, including the administration of trusts and estates, retirement plans and other employee benefit plans, as well as a range of wealth management services.

5 Day Chart for NASDAQ:CCNE

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