CNB Financial Corporation (NASDAQ:CCNE) Shares Set to Pay Quarterly Dividend of $0.19

CNB Financial Corporation (NASDAQ:CCNE) declared a quarterly dividend on Tuesday, November 10th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.19 per share by the bank on Tuesday, December 15th. This represents a $0.76 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 1st.

CNB Financial has a payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CNB Financial to earn $3.74 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 20.3%.

CNB Financial Stock Down 0.5%

Shares of NASDAQ:CCNE traded down $0.20 during trading on Wednesday, reaching $35.91. 12,964 shares of the company traded hands, compared to its average volume of 154,136. The firm has a fifty day simple moving average of $34.50 and a 200 day simple moving average of $32.01. The firm has a market cap of $1.06 billion, a P/E ratio of 9.44 and a beta of 0.61. CNB Financial has a 1-year low of $23.78 and a 1-year high of $37.70. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.07.

CNB Financial (NASDAQ:CCNE) last posted its quarterly earnings results on Wednesday, October 21st. The bank reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. CNB Financial had a net margin of 23.26% and a return on equity of 13.15%. The business had revenue of $87.79 million for the quarter, compared to analysts’ expectations of $87.76 million. Analysts anticipate that CNB Financial will post 3.58 earnings per share for the current fiscal year.

About CNB Financial

CNB Financial Corporation is a bank holding company headquartered in Clearfield, Pennsylvania. Through its subsidiary, CNB Bank, it provides banking and related financial services to individuals, businesses and organizations. Its offerings include consumer and commercial deposit accounts, loans, mortgage services, cash management and other banking services. The company also provides wealth management and trust services through its financial services businesses. CNB Bank traces its roots to 1865 and serves communities across Pennsylvania, Ohio and New York.