CNB Financial (CCNE) Expected to Announce Quarterly Earnings on Tuesday

CNB Financial (NASDAQ:CCNE - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $0.61 per share and revenue of $49,044.50 billion for the quarter.

CNB Financial (NASDAQ:CCNE - Get Free Report) last issued its earnings results on Monday, October 21st. The bank reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.04. CNB Financial had a return on equity of 10.13% and a net margin of 14.90%. The company had revenue of $94.21 million during the quarter, compared to the consensus estimate of $55.40 million. On average, analysts expect CNB Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CNB Financial Stock Performance

CCNE stock traded up $0.64 on Tuesday, reaching $24.95. The company's stock had a trading volume of 127,693 shares, compared to its average volume of 98,999. The company has a market capitalization of $523.70 million, a P/E ratio of 10.66 and a beta of 0.71. The firm has a fifty day moving average of $26.14 and a two-hundred day moving average of $24.80. CNB Financial has a 52 week low of $17.74 and a 52 week high of $29.29. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.95 and a quick ratio of 0.94.

CNB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.89%. The ex-dividend date was Friday, November 29th. CNB Financial's dividend payout ratio (DPR) is presently 30.77%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CCNE. Keefe, Bruyette & Woods dropped their price target on CNB Financial from $30.00 to $28.00 and set a "market perform" rating on the stock in a research report on Monday, January 13th. StockNews.com lowered CNB Financial from a "buy" rating to a "hold" rating in a report on Wednesday, October 30th.

CNB Financial Company Profile

CNB Financial Corporation operates as the bank holding company for CNB Bank that provides a range of banking products and services for individual, business, governmental, and institutional customers. The company accepts checking, savings, and time deposit accounts; and offers real estate, commercial, industrial, residential, and consumer loans, as well as various other specialized financial services.