CNB Financial (NASDAQ:CCNE) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Posted by Frank Smitson on Jan 29th, 2025

CNB Financial (NASDAQ:CCNE – Get Free Report) announced its quarterly earnings data on Tuesday. The bank reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05, Zacks reports. CNB Financial had a net margin of 14.90% and a return on equity of 10.13%.

CNB Financial Stock Down 0.7 %

CCNE opened at $25.42 on Wednesday. The company has a 50 day moving average of $25.90 and a 200 day moving average of $24.97. The company has a market cap of $533.57 million, a PE ratio of 10.86 and a beta of 0.71. CNB Financial has a 12 month low of $17.74 and a 12 month high of $29.29. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.19.

CNB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Friday, November 29th. CNB Financial’s dividend payout ratio is currently 30.77%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in 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 shares of CNB Financial from $30.00 to $28.00 and set a “market perform” rating for the company in a research report on Monday, January 13th.

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CNB Financial Company Profile

(Get Free Report)

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.