CNB Financial (CCNE) Earning Somewhat Favorable News Coverage, Report Finds
News stories about CNB Financial (NASDAQ:CCNE) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CNB Financial earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.06670714937 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
CNB Financial (CCNE) opened at $27.53 on Thursday. CNB Financial has a one year low of $20.91 and a one year high of $29.76. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.11. The stock has a market cap of $426.87, a PE ratio of 16.53 and a beta of 0.84.
CNB Financial (NASDAQ:CCNE) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.08. The business had revenue of $28.55 million for the quarter, compared to analyst estimates of $28.52 million. CNB Financial had a net margin of 20.28% and a return on equity of 10.94%. research analysts predict that CNB Financial will post 1.67 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Thursday, November 30th. CNB Financial’s dividend payout ratio is currently 39.05%.
A number of research firms have commented on CCNE. Zacks Investment Research lowered shares of CNB Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. ValuEngine lowered shares of CNB Financial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 14th. Finally, Boenning Scattergood reiterated a “buy” rating on shares of CNB Financial in a research note on Friday, October 20th.
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CNB Financial Company Profile
CNB Financial Corporation is a financial holding company. The Company is the holding company of CNB Bank (the Bank); CNB Securities Corporation, which maintains investments in debt and equity securities; CNB Insurance Agency, which provides for the sale of nonproprietary annuities and other insurance products, and Holiday Financial Services Corporation, which offers small balance unsecured loans and secured loans, primarily collateralized by automobiles and equipment.
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