CNB Financial Co. (NASDAQ:CCNE - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.28 and traded as high as $24.06. CNB Financial shares last traded at $22.86, with a volume of 53,657 shares trading hands.
Separately, StockNews.com downgraded CNB Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, August 21st.
Read Our Latest Report on CNB Financial
The company has a market capitalization of $480.15 million, a P/E ratio of 9.61 and a beta of 0.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94. The business's fifty day simple moving average is $23.81 and its 200-day simple moving average is $21.28.
CNB Financial (NASDAQ:CCNE - Get Free Report) last issued its earnings results on Thursday, July 18th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.05. CNB Financial had a return on equity of 10.37% and a net margin of 15.30%. The firm had revenue of $89.52 million for the quarter, compared to analysts' expectations of $55.30 million. As a group, equities analysts anticipate that CNB Financial Co. will post 2.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.18 per share. This is an increase from CNB Financial's previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Friday, August 30th. CNB Financial's dividend payout ratio is currently 30.25%.
Several large investors have recently bought and sold shares of CCNE. BNP Paribas Financial Markets increased its holdings in shares of CNB Financial by 21.0% in the 4th quarter. BNP Paribas Financial Markets now owns 17,043 shares of the bank's stock worth $385,000 after buying an additional 2,957 shares during the last quarter. Dimensional Fund Advisors LP raised its position in CNB Financial by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 871,822 shares of the bank's stock valued at $19,695,000 after purchasing an additional 42,908 shares during the period. Petiole USA ltd lifted its stake in shares of CNB Financial by 148.3% in the 4th quarter. Petiole USA ltd now owns 168,241 shares of the bank's stock valued at $3,801,000 after purchasing an additional 100,471 shares during the last quarter. BHZ Capital Management LP boosted its holdings in shares of CNB Financial by 1.4% in the 4th quarter. BHZ Capital Management LP now owns 57,904 shares of the bank's stock worth $1,308,000 after purchasing an additional 791 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of CNB Financial by 41.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,841 shares of the bank's stock valued at $200,000 after purchasing an additional 2,599 shares during the last quarter. Institutional investors own 52.35% of the company's stock.
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.
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