CNB Financial Corp. (CCNE) Set to Announce Quarterly Earnings on Monday
CNB Financial Corp. (NASDAQ:CCNE) is set to release its earnings data on Monday, October 17th. Analysts expect CNB Financial Corp. to post earnings of $0.43 per share for the quarter.
CNB Financial Corp. (NASDAQ:CCNE) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.10. CNB Financial Corp. had a net margin of 19.36% and a return on equity of 9.80%. On average, analysts expect CNB Financial Corp. to post $1.55 EPS for the current fiscal year and $1.75 EPS for the next fiscal year.
CNB Financial Corp. (NASDAQ:CCNE) traded down 1.86% on Friday, hitting $19.52. 11,835 shares of the stock were exchanged. CNB Financial Corp. has a 52 week low of $16.51 and a 52 week high of $21.70. The company’s 50-day moving average is $20.42 and its 200-day moving average is $18.65. The company has a market cap of $280.27 million, a PE ratio of 14.00 and a beta of 0.80.
The company also recently announced 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 was Tuesday, August 30th. This represents a $0.66 annualized dividend and a yield of 3.32%. CNB Financial Corp.’s dividend payout ratio is currently 44.00%.
Separately, Zacks Investment Research cut CNB Financial Corp. from a “hold” rating to a “sell” rating in a research note on Monday, July 25th.
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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