CNB Financial Corporation (CCNE) to Release Quarterly Earnings on Thursday
CNB Financial Corporation (NASDAQ:CCNE) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 19th. Analysts expect the company to announce earnings of $0.39 per share for the quarter.
CNB Financial Corporation (NASDAQ:CCNE) last issued its quarterly earnings results on Friday, July 21st. The bank reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.12. CNB Financial Corporation had a return on equity of 10.92% and a net margin of 20.21%. The firm had revenue of $28.08 million during the quarter, compared to analysts’ expectations of $27.14 million. On average, analysts expect CNB Financial Corporation to post $1.60 EPS for the current fiscal year and $1.85 EPS for the next fiscal year.
Shares of CNB Financial Corporation (CCNE) opened at 28.45 on Thursday. CNB Financial Corporation has a 12 month low of $18.01 and a 12 month high of $28.48. The company’s 50 day moving average price is $25.98 and its 200 day moving average price is $24.45. The stock has a market capitalization of $432.04 million, a PE ratio of 17.12 and a beta of 0.87.
In other CNB Financial Corporation news, Director Dennis L. Merrey sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $26.56, for a total transaction of $53,120.00. Following the completion of the transaction, the director now owns 49,570 shares of the company’s stock, valued at $1,316,579.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.40% of the company’s stock.
Several equities analysts recently issued reports on CCNE shares. Zacks Investment Research raised CNB Financial Corporation from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Monday, July 24th. BidaskClub cut CNB Financial Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st.
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.
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