CNB Financial Corporation (CCNE) to Issue Quarterly Dividend of $0.19 on September 15th

CNB Financial Corporation (NASDAQ:CCNE) declared a quarterly dividend on Tuesday, August 11th. Investors of record on Tuesday, September 1st will be given a dividend of 0.19 per share by the bank on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 1st.

CNB Financial has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 1 years. CNB Financial has a dividend payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CNB Financial to earn $3.76 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 20.2%.

CNB Financial Trading Up 0.8%

CNB Financial stock opened at $34.82 on Thursday. CNB Financial has a 12 month low of $22.80 and a 12 month high of $36.17. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 11.20 and a beta of 0.63. The business’s fifty day simple moving average is $33.68 and its two-hundred day simple moving average is $30.90. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.07.

CNB Financial (NASDAQ:CCNE) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The company had revenue of $87.65 million for the quarter, compared to analysts’ expectations of $85.87 million. CNB Financial had a net margin of 19.37% and a return on equity of 12.85%. As a group, equities analysts predict that CNB Financial will post 3.58 earnings per share for the current fiscal year.

About CNB Financial

CNB Financial Corporation (NASDAQ: CCNE) is a bank holding company headquartered in Clearfield, Pennsylvania. The company operates through its wholly owned subsidiary, CNB Bank & Trust, providing a full suite of community banking services. With a focus on relationship-driven banking, CNB Financial seeks to serve individuals, small businesses and agricultural clients across central Pennsylvania.

The company’s core offerings include deposit products such as checking accounts, savings accounts, money market accounts and certificates of deposit.