CNB Financial Corporation (NASDAQ:CCNE – Get Free Report) announced a quarterly dividend on Tuesday, February 10th. Investors of record on Friday, February 27th will be given a dividend of 0.19 per share by the bank on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, February 27th. This is a 5.6% increase from CNB Financial’s previous quarterly dividend of $0.18.
CNB Financial has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 1 years. CNB Financial has a dividend payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CNB Financial to earn $3.53 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 21.5%.
CNB Financial Price Performance
CNB Financial stock opened at $29.17 on Wednesday. The business’s fifty day moving average is $27.65 and its two-hundred day moving average is $26.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $859.93 million, a P/E ratio of 12.00 and a beta of 0.73. CNB Financial has a 52 week low of $19.32 and a 52 week high of $30.84.
CNB Financial Company Profile
CNB Financial Corporation (NASDAQ: CCNE) is a bank holding company headquartered in Clearfield, Pennsylvania. The company operates through its wholly owned subsidiary, CNB Bank & Trust, providing a full suite of community banking services. With a focus on relationship-driven banking, CNB Financial seeks to serve individuals, small businesses and agricultural clients across central Pennsylvania.
The company’s core offerings include deposit products such as checking accounts, savings accounts, money market accounts and certificates of deposit.
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