CNB Financial Co. (NASDAQ:CCNEP – Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 1,300 shares, a drop of 18.8% from the August 31st total of 1,600 shares. Based on an average daily trading volume, of 2,900 shares, the short-interest ratio is currently 0.4 days.
CNB Financial Stock Performance
Shares of NASDAQ:CCNEP remained flat at $24.22 during trading hours on Friday. The stock’s fifty day simple moving average is $23.56 and its 200-day simple moving average is $23.13. CNB Financial has a 52 week low of $18.42 and a 52 week high of $25.60.
CNB Financial Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.4453 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.78 annualized dividend and a dividend yield of 7.35%.
About CNB Financial
CNB Financial Corporation operates as the bank holding company for CNB Bank that provides a range of banking products and services for individual, business, governmental, and institutional customers. The company accepts checking, savings, and time deposit accounts; and offers real estate, commercial, industrial, residential, and consumer loans, as well as various other specialized financial services.
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