CNB Financial Corporation (CCNE) Receiving Somewhat Favorable News Coverage, Analysis Finds
News articles about CNB Financial Corporation (NASDAQ:CCNE) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. CNB Financial Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 46.6031806020808 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
CNB Financial Corporation (CCNE) traded down 2.40% during mid-day trading on Friday, reaching $23.95. 16,450 shares of the company’s stock traded hands. CNB Financial Corporation has a 12 month low of $18.01 and a 12 month high of $28.43. The firm’s 50-day moving average price is $24.89 and its 200 day moving average price is $24.09. The stock has a market capitalization of $363.70 million, a PE ratio of 14.41 and a beta of 0.84.
CNB Financial Corporation (NASDAQ:CCNE) last posted its quarterly earnings data on Friday, July 21st. The bank reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.12. CNB Financial Corporation had a return on equity of 10.92% and a net margin of 20.21%. The company had revenue of $28.08 million during the quarter, compared to analysts’ expectations of $27.14 million. Equities research analysts predict that CNB Financial Corporation will post $1.60 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.165 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.66 annualized dividend and a yield of 2.76%. CNB Financial Corporation’s dividend payout ratio (DPR) is currently 39.76%.
CCNE has been the subject of several recent research reports. Zacks Investment Research upgraded shares of CNB Financial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. BidaskClub lowered shares of CNB Financial Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st.
In related news, Director Dennis L. Merrey sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $26.56, for a total value of $53,120.00. Following the completion of the transaction, the director now directly owns 49,570 shares of the company’s stock, valued at $1,316,579.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.40% of the stock is owned by company insiders.
About CNB Financial Corporation
CNB Financial Corporation is a financial holding company. The Company is the holding company of CNB Bank (the Bank); CNB Securities Corporation, which maintains investments in debt and equity securities; CNB Insurance Agency, which provides for the sale of nonproprietary annuities and other insurance products, and Holiday Financial Services Corporation, which offers small balance unsecured loans and secured loans, primarily collateralized by automobiles and equipment.
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