CNB Financial Corporation (CCNE) to Issue Quarterly Dividend of $0.19 on March 13th

CNB Financial Corporation (NASDAQ:CCNEGet Free Report) announced a quarterly dividend on Tuesday, February 10th. Shareholders of record on Friday, February 27th will be paid a dividend of 0.19 per share by the bank on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, February 27th. This is a 5.6% increase from CNB Financial’s previous quarterly dividend of $0.18.

CNB Financial has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. CNB Financial has a payout ratio of 21.6% meaning its dividend is sufficiently covered by earnings. Analysts expect CNB Financial to earn $3.53 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 20.4%.

CNB Financial Trading Up 3.9%

CCNE opened at $29.85 on Thursday. CNB Financial has a 1-year low of $19.32 and a 1-year high of $30.84. The stock has a market capitalization of $879.98 million, a PE ratio of 12.28 and a beta of 0.73. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $27.24 and a two-hundred day moving average price of $25.66.

CNB Financial (NASDAQ:CCNEGet Free Report) last released its quarterly earnings results on Tuesday, January 27th. The bank reported $0.87 EPS for the quarter, beating the consensus estimate of $0.77 by $0.10. CNB Financial had a net margin of 15.29% and a return on equity of 11.83%. The business had revenue of $87.16 million for the quarter, compared to analysts’ expectations of $73.10 million. As a group, equities analysts anticipate that CNB Financial will post 2.04 earnings per share for the current fiscal year.

About CNB Financial

(Get Free Report)

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.

See Also

Dividend History for CNB Financial (NASDAQ:CCNE)

Receive News & Ratings for CNB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNB Financial and related companies with MarketBeat.com's FREE daily email newsletter.