CNB Financial Corporation (CCNE) to Issue Quarterly Dividend of $0.19 on March 13th

CNB Financial Corporation (NASDAQ:CCNEGet 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 (NASDAQ:CCNEGet Free Report) last announced its earnings results on Tuesday, January 27th. The bank reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.10. The company had revenue of $87.16 million during the quarter, compared to analyst estimates of $73.10 million. CNB Financial had a return on equity of 11.83% and a net margin of 15.29%. Equities research analysts forecast that CNB Financial will post 2.04 earnings per share for the current fiscal year.

CNB Financial Company Profile

(Get Free Report)

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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Dividend History for CNB Financial (NASDAQ:CCNE)

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