Headlines about CNB Financial (NASDAQ:CCNE) have been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CNB Financial earned a news sentiment score of 0.02 on Accern’s scale. Accern also gave headlines about the bank an impact score of 47.9813723614462 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
CCNE has been the subject of several analyst reports. Boenning Scattergood reiterated a “buy” rating and issued a $29.50 price target on shares of CNB Financial in a report on Monday, February 5th. ValuEngine downgraded CNB Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th. BidaskClub downgraded CNB Financial from a “sell” rating to a “strong sell” rating in a report on Saturday, February 3rd. Finally, Zacks Investment Research upgraded CNB Financial from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a report on Thursday, December 21st.
Shares of CNB Financial (CCNE) traded up $0.11 during mid-day trading on Wednesday, hitting $27.03. 44,387 shares of the stock traded hands, compared to its average volume of 28,173. CNB Financial has a twelve month low of $20.91 and a twelve month high of $29.76. The company has a market capitalization of $413.12, a PE ratio of 18.02 and a beta of 0.83. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.11.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.66 annualized dividend and a dividend yield of 2.44%. CNB Financial’s payout ratio is currently 44.00%.
In other news, Director Francis X. Straub III purchased 1,000 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were bought at an average price of $26.91 per share, for a total transaction of $26,910.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.40% of the stock is currently owned by company insiders.
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About CNB Financial
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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