CNB Financial (NASDAQ:CCNE – Get Free Report) issued its quarterly earnings data on Monday. The bank reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04, Yahoo Finance reports. The firm had revenue of $94.21 million for the quarter, compared to analyst estimates of $55.40 million. CNB Financial had a net margin of 15.30% and a return on equity of 10.37%.
CNB Financial Stock Up 4.2 %
NASDAQ CCNE traded up $0.99 on Tuesday, hitting $24.80. 3,808 shares of the stock were exchanged, compared to its average volume of 45,165. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. CNB Financial has a fifty-two week low of $17.45 and a fifty-two week high of $26.87. The company has a market cap of $520.90 million, a PE ratio of 10.24 and a beta of 0.69. The company has a 50-day moving average price of $23.70 and a 200-day moving average price of $21.62.
CNB Financial Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.90%. The ex-dividend date was Friday, August 30th. This is a boost from CNB Financial’s previous quarterly dividend of $0.18. CNB Financial’s payout ratio is 30.25%.
Wall Street Analysts Forecast Growth
Get Our Latest Report on CNB Financial
CNB Financial Company Profile
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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