CNB Financial (CCNE) Expected to Announce Earnings on Monday

CNB Financial (NASDAQ:CCNE) is anticipated to announce its earnings results before the market opens on Monday, April 21st. Analysts expect the company to announce earnings of $0.53 per share and revenue of $54.05 million for the quarter.

CNB Financial (NASDAQ:CCNE) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.05. CNB Financial had a return on equity of 10.24% and a net margin of 14.97%. On average, analysts expect CNB Financial to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

CNB Financial Price Performance

Shares of NASDAQ:CCNE opened at $20.62 on Monday. The firm has a market capitalization of $432.61 million, a PE ratio of 8.66 and a beta of 0.53. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $23.53 and a two-hundred day moving average price of $24.90. CNB Financial has a twelve month low of $17.74 and a twelve month high of $29.29.

CNB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.18 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 3.49%. CNB Financial’s dividend payout ratio is 30.25%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CCNE shares. Keefe, Bruyette & Woods reduced their price target 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. StockNews.com lowered CNB Financial from a “buy” rating to a “hold” rating in a report on Friday, February 14th.

CNB Financial Company Profile

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.