Zacks Investment Research upgraded shares of CNB Financial Corp. (NASDAQ:CCNE) from a sell rating to a hold rating in a report published on Monday morning.

According to Zacks, “CNB Financial Corporation is a bank holding company headquartered in Clearfield, PA. It conducts business principally through County National Bank whose market area includes twenty convenient office locations in Pennsylvania. “

CNB Financial Corp. (NASDAQ:CCNE) opened at 20.97 on Monday. The stock’s 50 day moving average is $19.84 and its 200 day moving average is $18.38. The stock has a market cap of $301.09 million, a PE ratio of 15.04 and a beta of 0.81. CNB Financial Corp. has a 52 week low of $16.51 and a 52 week high of $21.70.

CNB Financial Corp. (NASDAQ:CCNE) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.10. CNB Financial Corp. had a return on equity of 9.80% and a net margin of 19.36%. Analysts predict that CNB Financial Corp. will post $1.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.66 annualized dividend and a dividend yield of 3.15%. CNB Financial Corp.’s dividend payout ratio (DPR) is presently 44.00%.

CNB Financial Corp. Company Profile

CNB Financial Corporation is a financial holding company. The Company provides a range of banking and related services through its subsidiary, CNB Bank (the Bank). In addition, the Bank provides trust and asset management services, including the administration of trusts and estates, retirement plans and other employee benefit plans, as well as a range of wealth management services.

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