CNB Financial Co. (NASDAQ:CCNEP) Short Interest Update

CNB Financial Co. (NASDAQ:CCNEP) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 855 shares, a decline of 44.5% from the April 15th total of 1,541 shares. Based on an average daily volume of 1,022 shares, the short-interest ratio is currently 0.8 days.

CNB Financial Stock Down 1.8%

Shares of CCNEP traded down $0.45 during mid-day trading on Friday, reaching $24.79. 615 shares of the stock traded hands, compared to its average volume of 1,567. The firm has a fifty day moving average price of $25.03 and a 200 day moving average price of $24.95. CNB Financial has a 1 year low of $23.57 and a 1 year high of $25.44.

CNB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a $0.4453 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.78 annualized dividend and a yield of 7.2%.

CNB Financial Company Profile

CNB Financial Corporation is a bank holding company headquartered in Clearfield, Pennsylvania, and operates through its subsidiary, CNB Bank. The company provides a full range of financial services to individual and commercial customers, including deposit accounts, consumer and commercial lending, mortgage banking, and treasury management solutions. Through its branch network and digital banking platforms, CNB Financial seeks to deliver personalized service and local decision-making across its footprint.

Founded in 1874, CNB Financial has built a regional presence in central and western Pennsylvania, maintaining branches in communities such as Clearfield, Centre, Cambria, Jefferson and Indiana counties.