CNB Financial Corp. (NASDAQ:CCNE) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus target price of $21.50 for the company, according to Zacks. Zacks has also assigned CNB Financial Corp. an industry rank of 180 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut shares of CNB Financial Corp. from a “hold” rating to a “sell” rating in a research note on Monday, July 25th.
Shares of CNB Financial Corp. (NASDAQ:CCNE) opened at 21.16 on Tuesday. CNB Financial Corp. has a 1-year low of $16.51 and a 1-year high of $21.70. The firm has a market capitalization of $303.82 million, a PE ratio of 15.18 and a beta of 0.81. The firm has a 50-day moving average price of $20.19 and a 200-day moving average price of $18.50.
CNB Financial Corp. (NASDAQ:CCNE) last released its earnings results on Thursday, July 21st. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.10. CNB Financial Corp. had a return on equity of 9.80% and a net margin of 19.36%. On average, analysts forecast that CNB Financial Corp. will post $1.55 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid 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 3.12%. CNB Financial Corp.’s payout ratio is currently 44.00%.
CNB Financial Corp. Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CNB Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNB Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.