CNB Financial (CCNE) to Release Quarterly Earnings on Tuesday

CNB Financial (NASDAQ:CCNE) is anticipated to post its quarterly earnings results before the market opens on Tuesday, January 28th. Analysts expect CNB Financial to post earnings of $0.61 per share and revenue of $49,044.50 billion for the quarter.

CNB Financial Stock Up 0.7 %

CCNE opened at $25.25 on Monday. The firm has a market capitalization of $530.00 million, a P/E ratio of 10.79 and a beta of 0.71. CNB Financial has a one year low of $17.74 and a one year high of $29.29. The company has a fifty day moving average price of $25.98 and a 200-day moving average price of $24.91. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.95 and a quick ratio of 0.94.

CNB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Friday, November 29th. CNB Financial’s dividend payout ratio (DPR) is 30.77%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of CNB Financial from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods reduced their target price on CNB Financial from $30.00 to $28.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th.

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.