CNB Financial Co. (NASDAQ:CCNEP) Sees Large Decrease in Short Interest

CNB Financial Co. (NASDAQ:CCNEP) saw a large decline in short interest in the month of 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 days-to-cover ratio is currently 0.8 days.

CNB Financial Trading Down 1.8%

Shares of NASDAQ:CCNEP traded down $0.45 during mid-day trading on Friday, reaching $24.79. The company had a trading volume of 615 shares, compared to its average volume of 1,567. The company’s 50-day moving average price is $25.03 and its 200-day moving average price is $24.95. CNB Financial has a one year low of $23.57 and a one year high of $25.44.

CNB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a dividend of $0.4453 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.78 dividend on an annualized basis 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.