CNB Financial Corporation (NASDAQ:CCNE) Plans Quarterly Dividend of $0.19

CNB Financial Corporation (NASDAQ:CCNE) announced a quarterly dividend on Tuesday, August 11th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.19 per share by the bank on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 1st.

CNB Financial has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. CNB Financial has a payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Analysts expect CNB Financial to earn $3.76 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 20.2%.

CNB Financial Price Performance

Shares of NASDAQ:CCNE traded up $0.07 during midday trading on Wednesday, reaching $34.60. The company’s stock had a trading volume of 28,633 shares, compared to its average volume of 160,124. The business’s fifty day simple moving average is $33.57 and its 200-day simple moving average is $30.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.96 and a quick ratio of 0.96. CNB Financial has a fifty-two week low of $22.80 and a fifty-two week high of $36.17. The company has a market capitalization of $1.03 billion, a P/E ratio of 11.13 and a beta of 0.63.

CNB Financial (NASDAQ:CCNE) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The firm had revenue of $87.65 million for the quarter, compared to analyst estimates of $85.87 million. CNB Financial had a net margin of 19.37% and a return on equity of 12.85%. As a group, equities research analysts expect that CNB Financial will post 3.58 EPS for the current fiscal year.

About CNB Financial

CNB Financial Corporation (NASDAQ: CCNE) is a bank holding company headquartered in Clearfield, Pennsylvania. The company operates through its wholly owned subsidiary, CNB Bank & Trust, providing a full suite of community banking services. With a focus on relationship-driven banking, CNB Financial seeks to serve individuals, small businesses and agricultural clients across central Pennsylvania.

The company’s core offerings include deposit products such as checking accounts, savings accounts, money market accounts and certificates of deposit.