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

CNB Financial Corporation (NASDAQ:CCNE) declared a quarterly dividend on Tuesday, May 12th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.19 per share by the bank on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, June 1st.

CNB Financial has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. CNB Financial has a dividend payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect CNB Financial to earn $3.87 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 19.6%.

CNB Financial Stock Performance

CCNE stock traded down $0.22 on Wednesday, hitting $30.29. The company’s stock had a trading volume of 33,231 shares, compared to its average volume of 153,872. The stock has a market cap of $897.31 million, a price-to-earnings ratio of 10.78 and a beta of 0.65. The firm has a 50 day moving average of $29.37 and a two-hundred day moving average of $27.70. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.13. CNB Financial has a 1 year low of $21.19 and a 1 year high of $31.80.

CNB Financial (NASDAQ:CCNE) last posted its quarterly earnings data on Monday, April 20th. The bank reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. CNB Financial had a net margin of 17.62% and a return on equity of 12.14%. The company had revenue of $83.32 million for the quarter, compared to analyst estimates of $79.35 million. Equities analysts predict 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.