CNB Financial (CCNE) to Release Earnings on Tuesday

CNB Financial (NASDAQ:CCNE) is projected to release its earnings data before the market opens on Tuesday, January 28th. Analysts expect CNB Financial to post earnings of $0.61 per share and revenue of $49,044.50 billion for the quarter.

CNB Financial (NASDAQ:CCNE) last announced its quarterly earnings data on Monday, October 21st. The bank reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. CNB Financial had a return on equity of 10.13% and a net margin of 14.90%. The company had revenue of $94.21 million for the quarter, compared to analysts’ expectations of $55.40 million. On average, analysts expect CNB Financial to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CNB Financial Price Performance

NASDAQ:CCNE opened at $24.31 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $26.21 and a 200 day simple moving average of $24.76. CNB Financial has a 1-year low of $17.74 and a 1-year high of $29.29. The stock has a market capitalization of $510.27 million, a PE ratio of 10.39 and a beta of 0.71.

CNB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Friday, November 29th. CNB Financial’s dividend payout ratio (DPR) is presently 30.77%.

Analyst Upgrades and Downgrades

CCNE has been the subject of a number of research analyst reports. StockNews.com cut CNB Financial from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods dropped their price target on CNB Financial from $30.00 to $28.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th.

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.