CNB Financial (NASDAQ:CCNE) Announces Earnings Results

CNB Financial (NASDAQ:CCNE) posted its quarterly earnings results on Friday. The bank reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03, MarketWatch Earnings reports. The business had revenue of $35.59 million for the quarter, compared to analysts’ expectations of $33.72 million. CNB Financial had a return on equity of 14.17% and a net margin of 22.18%.

Shares of NASDAQ:CCNE opened at $26.55 on Monday. CNB Financial has a 1 year low of $21.43 and a 1 year high of $32.41. The company’s 50 day simple moving average is $26.62. The stock has a market capitalization of $404.61 million, a price-to-earnings ratio of 12.01 and a beta of 0.98. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.19.

A number of research firms have commented on CCNE. ValuEngine raised Alleghany from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Boenning Scattergood restated an “outperform” rating and set a $47.75 price objective on shares of WSFS Financial in a research report on Thursday, June 20th. BidaskClub upgraded YY from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 30th. Finally, Zacks Investment Research upgraded HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th.

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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Earnings History for CNB Financial (NASDAQ:CCNE)

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