CNB Financial Corporation (NASDAQ:CCNE) Plans $0.19 Quarterly Dividend

CNB Financial Corporation (NASDAQ:CCNE) declared a quarterly dividend on Tuesday, August 11th. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.19 per share by the bank on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 1st.

CNB Financial has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 1 years. CNB Financial has a payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CNB Financial to earn $3.76 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 20.2%.

CNB Financial Trading Up 0.2%

Shares of CCNE stock traded up $0.07 on Wednesday, reaching $34.60. The company had a trading volume of 28,633 shares, compared to its average volume of 160,124. The stock has a market cap of $1.03 billion, a PE ratio of 11.13 and a beta of 0.63. The company has a 50-day moving average of $33.57 and a 200-day moving average of $30.85. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.07. CNB Financial has a 12 month low of $22.80 and a 12 month high of $36.17.

CNB Financial (NASDAQ:CCNE) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. The business had revenue of $87.65 million for the quarter, compared to analyst estimates of $85.87 million. CNB Financial had a net margin of 19.37% and a return on equity of 12.85%. On average, equities analysts forecast that CNB Financial will post 3.58 earnings per share for the current year.

CNB Financial Company Profile

CNB Financial Corporation (NASDAQ: CCNE) is a bank holding company headquartered in Clearfield, Pennsylvania. The company operates through its wholly owned subsidiary, CNB Bank & Trust, providing a full suite of community banking services. With a focus on relationship-driven banking, CNB Financial seeks to serve individuals, small businesses and agricultural clients across central Pennsylvania.

The company’s core offerings include deposit products such as checking accounts, savings accounts, money market accounts and certificates of deposit.