CNB Financial Co. (NASDAQ:CCNE - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.20 and traded as high as $25.41. CNB Financial shares last traded at $24.80, with a volume of 73,960 shares trading hands.
Analyst Ratings Changes
A number of equities analysts have recently commented on CCNE shares. Keefe, Bruyette & Woods reduced their price objective on shares of CNB Financial from $30.00 to $28.00 and set a "market perform" rating for the company in a research note on Monday, January 13th. StockNews.com cut CNB Financial from a "buy" rating to a "hold" rating in a research report on Friday, February 14th.
View Our Latest Analysis on CNB Financial
CNB Financial Trading Up 0.9 %
The firm has a market cap of $523.80 million, a P/E ratio of 10.48 and a beta of 0.71. The business has a 50 day moving average of $25.10 and a two-hundred day moving average of $25.21. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.19.
CNB Financial (NASDAQ:CCNE - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.05. CNB Financial had a return on equity of 10.24% and a net margin of 14.97%. Analysts predict that CNB Financial Co. will post 2.04 earnings per share for the current year.
CNB Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Friday, February 28th. CNB Financial's dividend payout ratio (DPR) is currently 30.25%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in CCNE. Public Employees Retirement System of Ohio acquired a new stake in shares of CNB Financial in the 4th quarter valued at $84,000. Man Group plc bought a new position in CNB Financial in the 4th quarter valued at approximately $525,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of CNB Financial by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,725 shares of the bank's stock worth $291,000 after buying an additional 437 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of CNB Financial during the fourth quarter worth $143,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of CNB Financial in the 4th quarter valued at $219,000. 52.35% of the stock is owned by institutional investors.
CNB Financial Company Profile
(
Get Free Report)
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.
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