CNB Financial Corp. (CCNE) Set to Announce Quarterly Earnings on Monday

CNB Financial Corp. (NASDAQ:CCNE) is set to issue its quarterly earnings data on Monday, October 17th. Analysts expect the company to announce earnings of $0.43 per share for the quarter.

CNB Financial Corp. (NASDAQ:CCNE) last announced its earnings results on Thursday, July 21st. The company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.10. CNB Financial Corp. had a net margin of 19.36% and a return on equity of 9.80%. On average, analysts expect CNB Financial Corp. to post $1.55 EPS for the current fiscal year and $1.75 EPS for the next fiscal year.

Earnings History for CNB Financial Corp. (NASDAQ:CCNE)

Shares of CNB Financial Corp. (NASDAQ:CCNE) traded down 2.66% during midday trading on Friday, reaching $19.36. 11,126 shares of the company’s stock traded hands. The stock has a market capitalization of $277.97 million, a P/E ratio of 13.89 and a beta of 0.80. The firm’s 50-day moving average price is $20.42 and its 200 day moving average price is $18.65. CNB Financial Corp. has a 1-year low of $16.51 and a 1-year high of $21.70.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.66 annualized dividend and a yield of 3.32%. CNB Financial Corp.’s payout ratio is 44.00%.

Separately, Zacks Investment Research raised shares of CNB Financial Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 19th.

About CNB Financial Corp.

CNB Financial Corporation is a financial holding company. The Company provides a range of banking and related services through its subsidiary, CNB Bank (the Bank). In addition, the Bank provides trust and asset management services, including the administration of trusts and estates, retirement plans and other employee benefit plans, as well as a range of wealth management services.

5 Day Chart for NASDAQ:CCNE

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