Analysts forecast that CNB Financial Corp (NASDAQ:CCNE) will announce earnings per share (EPS) of $0.64 for the current quarter, according to Zacks. Two analysts have issued estimates for CNB Financial’s earnings. CNB Financial reported earnings of $0.62 per share during the same quarter last year, which would indicate a positive year over year growth rate of 3.2%. The business is expected to announce its next quarterly earnings results on Monday, April 20th.
According to Zacks, analysts expect that CNB Financial will report full year earnings of $2.44 per share for the current financial year, with EPS estimates ranging from $2.42 to $2.46. For the next financial year, analysts expect that the company will report earnings of $2.91 per share, with EPS estimates ranging from $2.90 to $2.92. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for CNB Financial.
CNB Financial (NASDAQ:CCNE) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.69 EPS for the quarter, hitting the consensus estimate of $0.69. CNB Financial had a net margin of 22.06% and a return on equity of 14.00%. The firm had revenue of $36.50 million for the quarter, compared to analyst estimates of $37.09 million.
Institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of CNB Financial by 1.4% during the second quarter. BlackRock Inc. now owns 770,225 shares of the bank’s stock worth $21,752,000 after purchasing an additional 10,629 shares in the last quarter. Rhumbline Advisers grew its stake in CNB Financial by 9.0% during the 3rd quarter. Rhumbline Advisers now owns 22,663 shares of the bank’s stock valued at $650,000 after acquiring an additional 1,877 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in CNB Financial during the 3rd quarter valued at about $246,000. California Public Employees Retirement System grew its stake in CNB Financial by 43.6% during the 3rd quarter. California Public Employees Retirement System now owns 43,156 shares of the bank’s stock valued at $1,239,000 after acquiring an additional 13,093 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its stake in CNB Financial by 94.8% during the 3rd quarter. Wedge Capital Management L L P NC now owns 26,210 shares of the bank’s stock valued at $752,000 after acquiring an additional 12,753 shares in the last quarter. 44.34% of the stock is currently owned by institutional investors.
Shares of CCNE stock traded down $0.43 during trading hours on Friday, hitting $29.12. The company had a trading volume of 5,832 shares, compared to its average volume of 22,423. The company’s fifty day moving average is $30.95 and its 200 day moving average is $29.99. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.96 and a quick ratio of 0.96. CNB Financial has a fifty-two week low of $23.40 and a fifty-two week high of $33.78. The stock has a market capitalization of $444.02 million, a PE ratio of 11.07 and a beta of 0.96.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 28th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.34%. The ex-dividend date is Thursday, February 27th. CNB Financial’s payout ratio is currently 25.86%.
About CNB Financial
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CNB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNB Financial and related companies with MarketBeat.com's FREE daily email newsletter.