CNB Financial (CCNE) Expected to Announce Earnings on Tuesday

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

CNB Financial (NASDAQ:CCNE) last issued its earnings results on Monday, October 21st. The bank reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. CNB Financial had a net margin of 14.90% and a return on equity of 10.13%. The firm had revenue of $94.21 million for the quarter, compared to analyst estimates 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 Stock Up 1.3 %

Shares of CCNE opened at $24.31 on Tuesday. CNB Financial has a 52 week low of $17.74 and a 52 week high of $29.29. The stock has a fifty day moving average of $26.21 and a 200-day moving average of $24.76. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.94 and a current ratio of 0.95. The stock has a market capitalization of $510.27 million, a price-to-earnings ratio of 10.39 and a beta of 0.71.

CNB Financial Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on CCNE. StockNews.com lowered shares of CNB Financial from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods lowered their target price on CNB Financial from $30.00 to $28.00 and set a “market perform” rating for the company in a research report 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.