CNB Financial (NASDAQ:CCNE – Get Free Report) announced its quarterly earnings results on Thursday. The bank reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05, Yahoo Finance reports. CNB Financial had a net margin of 15.96% and a return on equity of 10.73%.
CNB Financial Stock Up 2.6 %
Shares of NASDAQ:CCNE traded up $0.62 during trading on Friday, hitting $24.18. 50 shares of the company were exchanged, compared to its average volume of 45,870. The firm has a fifty day moving average price of $19.94 and a two-hundred day moving average price of $20.19. CNB Financial has a fifty-two week low of $17.45 and a fifty-two week high of $24.43. The stock has a market cap of $507.78 million, a price-to-earnings ratio of 9.90 and a beta of 0.71. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20.
CNB Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.175 per share. The ex-dividend date was Friday, May 31st. This represents a $0.70 annualized dividend and a yield of 2.89%. CNB Financial’s dividend payout ratio (DPR) is presently 29.41%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis 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.
Further Reading
- Five stocks we like better than CNB Financial
- About the Markup Calculator
- Home Building Stock Hits 52-Week High With More Upside
- What Are the FAANG Stocks and Are They Good Investments?
- Why These 4 AI Stocks Are Must-Watch for 2024 Investors
- What is a Low P/E Ratio and What Does it Tell Investors?
- Pharma Leader Beats on Earnings, But Shares Fall
Receive News & Ratings for CNB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNB Financial and related companies with MarketBeat.com's FREE daily email newsletter.