CNB Financial Corporation (NASDAQ:CCNE) Declares $0.19 Quarterly Dividend

CNB Financial Corporation (NASDAQ:CCNE) declared a quarterly dividend on Tuesday, August 11th. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.19 per share by the bank on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, September 1st.

CNB Financial has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. CNB Financial has a payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CNB Financial to earn $3.76 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 20.2%.

CNB Financial Trading Up 0.6%

CNB Financial stock traded up $0.20 during trading hours on Wednesday, reaching $34.73. The company had a trading volume of 30,576 shares, compared to its average volume of 160,148. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.96 and a quick ratio of 0.96. CNB Financial has a 12-month low of $22.80 and a 12-month high of $36.17. The company has a 50-day moving average price of $33.57 and a 200 day moving average price of $30.85. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 11.17 and a beta of 0.63.

CNB Financial (NASDAQ:CCNE) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. CNB Financial had a return on equity of 12.85% and a net margin of 19.37%.The firm had revenue of $87.65 million during the quarter, compared to analyst estimates of $85.87 million. Equities analysts forecast that CNB Financial will post 3.58 earnings per share for the current year.

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.