CNB Financial Corp to Issue 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 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Wednesday, February 28th.

CNB Financial (CCNE) opened at $27.03 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.11. CNB Financial has a 12 month low of $20.91 and a 12 month high of $29.76. The company has a market cap of $410.93, a P/E ratio of 15.21 and a beta of 0.83.

Several research analysts have recently commented on the stock. BidaskClub lowered shares of CNB Financial from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 3rd. Boenning Scattergood reissued a “buy” rating and issued a $29.50 price objective on shares of CNB Financial in a research note on Monday, February 5th. ValuEngine lowered shares of CNB Financial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 14th. Finally, Zacks Investment Research raised shares of CNB Financial from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research note on Thursday, December 21st.

In other CNB Financial news, Director Francis X. Straub III acquired 1,000 shares of the stock in a transaction dated Wednesday, February 7th. The stock was acquired at an average price of $26.91 per share, with a total value of $26,910.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.40% of the company’s stock.

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About CNB Financial

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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