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

CNB Financial Corporation (NASDAQ:CCNE) announced a quarterly dividend on Tuesday, May 12th. Investors of record on Monday, June 1st will be given a dividend of 0.19 per share by the bank on Monday, June 15th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, June 1st.

CNB Financial has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. CNB Financial has a payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CNB Financial to earn $3.87 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 19.6%.

CNB Financial Stock Down 0.8%

CCNE traded down $0.25 during trading on Wednesday, hitting $30.26. The company had a trading volume of 35,897 shares, compared to its average volume of 153,915. The company has a market capitalization of $896.43 million, a PE ratio of 10.77 and a beta of 0.65. CNB Financial has a one year low of $21.19 and a one year high of $31.80. The firm’s 50-day moving average price is $29.37 and its 200 day moving average price is $27.70. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.13.

CNB Financial (NASDAQ:CCNE) last posted its quarterly earnings data on Monday, April 20th. The bank reported $0.88 EPS for the quarter, beating the consensus estimate of $0.82 by $0.06. The business had revenue of $83.32 million for the quarter, compared to analysts’ expectations of $79.35 million. CNB Financial had a net margin of 17.62% and a return on equity of 12.14%. As a group, equities analysts expect that CNB Financial will post 3.58 earnings per share for the current year.

About CNB Financial

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.