CNB Financial Co. (NASDAQ:CCNEP) Short Interest Update

CNB Financial Co. (NASDAQ:CCNEP) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,815 shares, an increase of 112.3% from the April 30th total of 855 shares. Based on an average trading volume of 1,946 shares, the short-interest ratio is presently 0.9 days.

CNB Financial Stock Performance

Shares of CCNEP opened at $24.80 on Monday. The company’s 50 day simple moving average is $24.97 and its 200-day simple moving average is $24.94. CNB Financial has a 12-month low of $23.57 and a 12-month high of $25.44.

CNB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a dividend of $0.4453 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.78 annualized dividend and a dividend yield of 7.2%.

CNB Financial Company Profile

CNB Financial Corporation is a bank holding company headquartered in Clearfield, Pennsylvania, and operates through its subsidiary, CNB Bank. The company provides a full range of financial services to individual and commercial customers, including deposit accounts, consumer and commercial lending, mortgage banking, and treasury management solutions. Through its branch network and digital banking platforms, CNB Financial seeks to deliver personalized service and local decision-making across its footprint.

Founded in 1874, CNB Financial has built a regional presence in central and western Pennsylvania, maintaining branches in communities such as Clearfield, Centre, Cambria, Jefferson and Indiana counties.