Somewhat Positive News Coverage Somewhat Unlikely to Impact CNB Financial Corporation (CCNE) Share Price
News articles about CNB Financial Corporation (NASDAQ:CCNE) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CNB Financial Corporation earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 45.7010211796605 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
CNB Financial Corporation (NASDAQ:CCNE) traded up 1.52% during trading on Wednesday, reaching $24.70. The company’s stock had a trading volume of 9,140 shares. The stock has a market cap of $375.09 million, a P/E ratio of 14.86 and a beta of 0.85. CNB Financial Corporation has a 1-year low of $18.01 and a 1-year high of $28.43. The company’s 50 day moving average price is $25.00 and its 200-day moving average price is $24.01.
CNB Financial Corporation (NASDAQ:CCNE) last issued its earnings results on Friday, July 21st. The bank reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.12. The firm had revenue of $28.08 million for the quarter, compared to the consensus estimate of $27.14 million. CNB Financial Corporation had a return on equity of 10.92% and a net margin of 20.21%. Equities analysts forecast that CNB Financial Corporation will post $1.60 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Wednesday, August 30th. CNB Financial Corporation’s dividend payout ratio is presently 39.76%.
Several analysts recently commented on the company. Zacks Investment Research raised CNB Financial Corporation from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Monday, July 24th. BidaskClub lowered CNB Financial Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st.
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In other CNB Financial Corporation news, Director Dennis L. Merrey sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $26.56, for a total value of $53,120.00. Following the sale, the director now owns 49,570 shares of the company’s stock, valued at approximately $1,316,579.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.40% of the company’s stock.
About CNB Financial Corporation
CNB Financial Corporation is a financial holding company. The Company is the holding company of CNB Bank (the Bank); CNB Securities Corporation, which maintains investments in debt and equity securities; CNB Insurance Agency, which provides for the sale of nonproprietary annuities and other insurance products, and Holiday Financial Services Corporation, which offers small balance unsecured loans and secured loans, primarily collateralized by automobiles and equipment.
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