CNB Financial (NASDAQ:CCNE - Get Free Report) released its quarterly earnings data on Monday. The bank reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04, Yahoo Finance reports. CNB Financial had a return on equity of 10.37% and a net margin of 15.30%. The company had revenue of $94.21 million for the quarter, compared to the consensus estimate of $55.40 million.
CNB Financial Trading Up 6.5 %
NASDAQ CCNE traded up $1.54 on Tuesday, reaching $25.35. The company had a trading volume of 29,671 shares, compared to its average volume of 45,292. The firm has a market cap of $532.45 million, a price-to-earnings ratio of 10.48 and a beta of 0.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. CNB Financial has a fifty-two week low of $17.45 and a fifty-two week high of $26.87. The business has a 50 day moving average of $23.74 and a two-hundred day moving average of $21.64.
CNB Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders 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 dividend yield of 2.84%. The ex-dividend date was Friday, August 30th. This is a positive change from CNB Financial's previous quarterly dividend of $0.18. CNB Financial's payout ratio is 30.25%.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered CNB Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, August 21st.
Check Out Our Latest Report on CNB Financial
CNB Financial Company Profile
(
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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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