CNB Financial (NASDAQ:CCNEP) Shares Up 0.7% – Here’s Why

CNB Financial Co. (NASDAQ:CCNEP) shares shot up 0.7% during mid-day trading on Monday . The stock traded as high as $24.93 and last traded at $24.93. Approximately 217 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 1,517 shares. The stock had previously closed at $24.75.

CNB Financial Trading Up 0.3%

The firm has a 50-day simple moving average of $24.89 and a two-hundred day simple moving average of $24.97.

CNB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a dividend of $0.4453 per share. This represents a $1.78 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend was Friday, May 15th.

CNB Financial Company Profile

CNB Financial Corporation is a bank holding company headquartered in Clearfield, Pennsylvania, and operates through its subsidiary, CNB Bank. The company provides a full range of financial services to individual and commercial customers, including deposit accounts, consumer and commercial lending, mortgage banking, and treasury management solutions. Through its branch network and digital banking platforms, CNB Financial seeks to deliver personalized service and local decision-making across its footprint.

Founded in 1874, CNB Financial has built a regional presence in central and western Pennsylvania, maintaining branches in communities such as Clearfield, Centre, Cambria, Jefferson and Indiana counties.