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

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. CNB Financial Corp. has a 1-year low of $16.51 and a 1-year high of $21.70. The company has a market cap of $301.09 million, a price-to-earnings ratio of 15.04 and a beta of 0.81. The company’s 50 day moving average is $19.84 and its 200 day moving average is $18.38.

CNB Financial Corp. (NASDAQ:CCNE) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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%. Equities research analysts forecast that CNB Financial Corp. will post $1.55 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Tuesday, August 30th. CNB Financial Corp.’s dividend payout ratio is presently 44.00%.

About CNB Financial Corp.

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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