CNB Financial Corp Plans Quarterly Dividend of $0.17 (CCNE)

CNB Financial Corp (NASDAQ:CCNE) declared a quarterly dividend on Wednesday, February 14th, Wall Street Journal reports. Stockholders of record on Thursday, March 1st will be given a dividend of 0.165 per share by the bank on Thursday, March 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Wednesday, February 28th.

CNB Financial (NASDAQ:CCNE) traded down $0.26 during mid-day trading on Wednesday, hitting $26.92. The stock had a trading volume of 13,500 shares, compared to its average volume of 28,561. The stock has a market cap of $414.90, a P/E ratio of 15.36 and a beta of 0.83. CNB Financial has a 52-week low of $20.91 and a 52-week high of $29.76. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.11.

In related news, Director Francis X. Straub III bought 1,000 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were bought at an average cost of $26.91 per share, for a total transaction of $26,910.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.40% of the stock is currently owned by insiders.

A number of research firms have recently issued reports on CCNE. BidaskClub upgraded CNB Financial from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Boenning Scattergood restated a “buy” rating and issued a $29.50 price target on shares of CNB Financial in a research note on Monday, February 5th. Zacks Investment Research upgraded CNB Financial from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, January 2nd. Finally, ValuEngine downgraded CNB Financial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 14th.

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CNB Financial Company Profile

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 (NASDAQ:CCNE)

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