CNB Financial Corporation (CCNE) to Issue Quarterly Dividend of $0.17 on December 15th
CNB Financial Corporation (NASDAQ:CCNE) declared a quarterly dividend on Wednesday, November 15th, Wall Street Journal reports. Investors of record on Friday, December 1st will be given a dividend of 0.165 per share by the bank on Friday, December 15th. This represents a $0.66 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Thursday, November 30th.
CNB Financial Corporation (NASDAQ CCNE) opened at $27.63 on Friday. The firm has a market cap of $424.89, a PE ratio of 16.45 and a beta of 0.87. CNB Financial Corporation has a 1 year low of $20.91 and a 1 year high of $29.76. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.96 and a quick ratio of 0.96.
CNB Financial Corporation (NASDAQ:CCNE) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.08. The business had revenue of $28.55 million during the quarter, compared to the consensus estimate of $28.52 million. CNB Financial Corporation had a net margin of 20.28% and a return on equity of 10.94%. sell-side analysts expect that CNB Financial Corporation will post 1.67 EPS for the current year.
A number of research analysts have weighed in on CCNE shares. Zacks Investment Research downgraded shares of CNB Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Boenning Scattergood reiterated a “buy” rating on shares of CNB Financial Corporation in a research report on Friday, October 20th. BidaskClub downgraded shares of CNB Financial Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, ValuEngine cut shares of CNB Financial Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 14th.
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CNB Financial Corporation 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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