CNB Financial (NASDAQ:CCNE) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

CNB Financial (NASDAQ:CCNE) announced its quarterly earnings data on Tuesday. The bank reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05, Zacks reports. CNB Financial had a return on equity of 10.13% and a net margin of 14.90%.

CNB Financial Trading Up 0.9 %

NASDAQ:CCNE opened at $25.65 on Thursday. CNB Financial has a one year low of $17.74 and a one year high of $29.29. The company has a market cap of $538.39 million, a PE ratio of 10.96 and a beta of 0.71. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.95 and a quick ratio of 0.94. The firm has a 50-day moving average of $25.87 and a 200-day moving average of $24.97.

CNB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Friday, November 29th. CNB Financial’s dividend payout ratio is currently 30.77%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CCNE. Keefe, Bruyette & Woods cut their price target on CNB Financial from $30.00 to $28.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. StockNews.com lowered shares of CNB Financial from a “buy” rating to a “hold” rating in a report 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.