Media stories about CNB Financial (NASDAQ:CCNE) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CNB Financial earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 45.8523027120374 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several equities analysts have recently issued reports on the company. ValuEngine lowered CNB Financial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 14th. Boenning Scattergood reissued a “buy” rating on shares of CNB Financial in a report on Friday, October 20th. Finally, Zacks Investment Research raised CNB Financial from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a report on Monday, October 23rd.
CNB Financial (NASDAQ:CCNE) traded up $0.45 during midday trading on Monday, hitting $28.74. The company had a trading volume of 40,926 shares, compared to its average volume of 34,963. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.96 and a current ratio of 0.96. CNB Financial has a 12 month low of $20.91 and a 12 month high of $29.76. The firm has a market cap of $432.37, a P/E ratio of 16.74 and a beta of 0.84.
CNB Financial (NASDAQ:CCNE) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.08. The company had revenue of $28.55 million for the quarter, compared to the consensus estimate of $28.52 million. CNB Financial had a return on equity of 10.94% and a net margin of 20.28%. equities research analysts anticipate that CNB Financial will post 1.67 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Thursday, November 30th. CNB Financial’s payout ratio is presently 39.05%.
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CNB Financial Company Profile
CNB Financial Corporation is a financial holding company. The Company is the holding company of CNB Bank (the Bank); CNB Securities Corporation, which maintains investments in debt and equity securities; CNB Insurance Agency, which provides for the sale of nonproprietary annuities and other insurance products, and Holiday Financial Services Corporation, which offers small balance unsecured loans and secured loans, primarily collateralized by automobiles and equipment.
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