CNB Financial (NASDAQ:CCNE) Releases Earnings Results, Beats Expectations By $0.23 EPS

CNB Financial (NASDAQ:CCNE) posted its quarterly earnings results on Monday. The bank reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.23, Fidelity Earnings reports. CNB Financial had a return on equity of 11.98% and a net margin of 18.79%.

NASDAQ CCNE opened at $20.66 on Thursday. CNB Financial has a fifty-two week low of $13.25 and a fifty-two week high of $30.35. The stock has a market cap of $347.77 million, a price-to-earnings ratio of 9.10 and a beta of 0.96. The business has a fifty day moving average of $22.00 and a 200-day moving average of $18.55. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.67.

Several brokerages recently issued reports on CCNE. Zacks Investment Research cut CNB Financial from a “buy” rating to a “hold” rating in a report on Tuesday, December 22nd. TheStreet raised CNB Financial from a “c” rating to a “b-” rating in a report on Thursday, October 29th. Finally, Boenning Scattergood assumed coverage on CNB Financial in a report on Friday, October 2nd. They set an “outperform” rating for the company.

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.

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Earnings History for CNB Financial (NASDAQ:CCNE)

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