CNB Financial Corp (NASDAQ:CCNE) insider Mark D. Breakey sold 413 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $29.48, for a total value of $12,175.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
CNB Financial Corp (NASDAQ:CCNE) traded up $0.32 during trading hours on Wednesday, reaching $29.89. The company had a trading volume of 4,869 shares, compared to its average volume of 25,781. CNB Financial Corp has a one year low of $20.91 and a one year high of $30.36. The stock has a market cap of $455.02, a price-to-earnings ratio of 16.82 and a beta of 0.80. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.20.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.66 annualized dividend and a yield of 2.21%. CNB Financial’s payout ratio is presently 42.04%.
Several analysts have recently issued reports on CCNE shares. Zacks Investment Research raised CNB Financial from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, January 2nd. BidaskClub upgraded CNB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, February 21st. Boenning Scattergood restated a “buy” rating on shares of CNB Financial in a report on Thursday, February 22nd. Finally, ValuEngine lowered CNB Financial from a “strong-buy” rating to a “buy” rating in a report 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.
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