CNB Financial Corporation (CCNE) Announces Quarterly Dividend of $0.17

CNB Financial Corporation (NASDAQ:CCNE) announced a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Shareholders of record on Friday, September 1st will be given a dividend of 0.165 per share by the bank on Friday, September 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Wednesday, August 30th.

Shares of CNB Financial Corporation (NASDAQ:CCNE) traded up 1.47% during trading on Friday, hitting $24.08. 50,300 shares of the stock traded hands. CNB Financial Corporation has a 1-year low of $18.01 and a 1-year high of $28.43. The company has a 50 day moving average of $25.03 and a 200-day moving average of $24.06. The company has a market cap of $365.68 million, a PE ratio of 14.49 and a beta of 0.84.

CNB Financial Corporation (NASDAQ:CCNE) last issued its quarterly earnings results on Friday, July 21st. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.12. CNB Financial Corporation had a net margin of 20.21% and a return on equity of 10.92%. The business had revenue of $28.08 million for the quarter, compared to the consensus estimate of $27.14 million. On average, equities analysts anticipate that CNB Financial Corporation will post $1.60 EPS for the current fiscal year.

CCNE has been the topic of a number of research reports. Zacks Investment Research upgraded shares of CNB Financial Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. BidaskClub downgraded shares of CNB Financial Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st.

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In other CNB Financial Corporation news, Director Dennis L. Merrey sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $26.56, for a total transaction of $53,120.00. Following the transaction, the director now directly owns 49,570 shares in the company, valued at approximately $1,316,579.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.40% of the company’s stock.

About CNB Financial Corporation

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.

Dividend History for CNB Financial Corporation (NASDAQ:CCNE)

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