CNB Financial Co. (NASDAQ:CCNE - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.56 and traded as high as $25.05. CNB Financial shares last traded at $25.03, with a volume of 36,466 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut CNB Financial from a "buy" rating to a "hold" rating in a report on Wednesday, August 21st.
View Our Latest Analysis on CNB Financial
CNB Financial Trading Down 1.2 %
The business has a fifty day simple moving average of $23.70 and a 200 day simple moving average of $21.59. The stock has a market cap of $519.22 million, a price-to-earnings ratio of 10.39 and a beta of 0.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94.
CNB Financial (NASDAQ:CCNE - Get Free Report) last announced its earnings results on Thursday, July 18th. The bank reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.05. The firm had revenue of $89.52 million for the quarter, compared to analysts' expectations of $55.30 million. CNB Financial had a return on equity of 10.37% and a net margin of 15.30%. As a group, equities analysts anticipate that CNB Financial Co. will post 2.25 EPS for the current year.
CNB Financial Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Friday, August 30th. This is a boost from CNB Financial's previous quarterly dividend of $0.18. CNB Financial's dividend payout ratio is 30.25%.
Institutional Investors Weigh In On CNB Financial
Large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new stake in shares of CNB Financial during the first quarter worth $81,000. SG Americas Securities LLC acquired a new stake in shares of CNB Financial during the third quarter worth $181,000. PNC Financial Services Group Inc. boosted its holdings in shares of CNB Financial by 41.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,841 shares of the bank's stock worth $200,000 after purchasing an additional 2,599 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of CNB Financial by 5.7% during the second quarter. AQR Capital Management LLC now owns 10,543 shares of the bank's stock worth $215,000 after purchasing an additional 568 shares during the last quarter. Finally, Creative Planning boosted its holdings in shares of CNB Financial by 82.3% during the third quarter. Creative Planning now owns 18,440 shares of the bank's stock worth $444,000 after purchasing an additional 8,327 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company's stock.
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.
Read More
Before you consider CNB Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CNB Financial wasn't on the list.
While CNB Financial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.