CNB Financial (CCNE) Expected to Announce Quarterly Earnings on Tuesday

CNB Financial (NASDAQ:CCNE) is expected to issue its quarterly earnings data before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $0.61 per share and revenue of $49,044.50 billion for the quarter.

CNB Financial Stock Performance

NASDAQ:CCNE opened at $25.25 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.19. CNB Financial has a twelve month low of $17.74 and a twelve month high of $29.29. The stock has a market cap of $530.00 million, a P/E ratio of 10.79 and a beta of 0.71. The firm’s fifty day simple moving average is $25.98 and its 200 day simple moving average is $24.91.

CNB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Friday, November 29th. CNB Financial’s payout ratio is 30.77%.

Analyst Upgrades and Downgrades

Several analysts have commented on CCNE shares. Keefe, Bruyette & Woods lowered their price objective on shares of CNB Financial from $30.00 to $28.00 and set a “market perform” rating for the company in a report on Monday, January 13th. StockNews.com cut CNB Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th.

About CNB Financial

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.