Commercial National Financial (OTCMKTS:CEFC) Trading 0.6% Higher – Here’s Why

Shares of Commercial National Financial Co. (OTCMKTS:CEFC) traded up 0.6% on Friday . The company traded as high as $9.30 and last traded at $9.30. 4,870 shares were traded during trading, an increase of 205% from the average session volume of 1,597 shares. The stock had previously closed at $9.24.

Commercial National Financial Stock Up 0.6 %

The company has a market cap of $36.92 million, a price-to-earnings ratio of 6.28 and a beta of 0.50. The company has a fifty day simple moving average of $9.09 and a two-hundred day simple moving average of $8.90.

Commercial National Financial (OTCMKTS:CEFC) last posted its earnings results on Friday, July 26th. The company reported $0.36 earnings per share for the quarter. The firm had revenue of $5.19 million during the quarter.

Commercial National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were given a $0.14 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.56 annualized dividend and a dividend yield of 6.02%. Commercial National Financial’s dividend payout ratio is currently 37.84%.

About Commercial National Financial

Commercial National Financial Corporation operates as the holding company for Commercial Bank that provides various banking products and services to individuals, agricultural businesses, commercial businesses, and light industries in Michigan. The company accepts various deposit products, including checking and savings accounts, individual retirement accounts, certificates of deposit, and health savings accounts.