CNB Financial (CCNE) Earns Daily News Impact Score of 0.03
Media headlines about CNB Financial (NASDAQ:CCNE) have trended somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CNB Financial earned a news impact score of 0.03 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 47.5793693370807 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of CNB Financial from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a report on Tuesday. ValuEngine cut shares of CNB Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th. BidaskClub cut shares of CNB Financial from a “hold” rating to a “sell” rating in a report on Saturday, December 16th. Finally, Boenning Scattergood reiterated a “buy” rating on shares of CNB Financial in a report on Friday, October 20th.
CNB Financial (CCNE) opened at $26.76 on Wednesday. The stock has a market cap of $401.04, a PE ratio of 15.53 and a beta of 0.85. CNB Financial has a twelve month low of $20.91 and a twelve month 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.
CNB Financial (NASDAQ:CCNE) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.08. CNB Financial had a net margin of 20.28% and a return on equity of 10.94%. The business had revenue of $28.55 million for the quarter, compared to analysts’ expectations of $28.52 million. sell-side analysts anticipate that CNB Financial will post 1.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 2.47%. The ex-dividend date was Thursday, November 30th. CNB Financial’s dividend payout ratio (DPR) is presently 39.05%.
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About CNB Financial
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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