CNB Financial (NASDAQ:CCNE) announced its quarterly earnings data on Monday. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.06, Bloomberg Earnings reports. CNB Financial had a net margin of 22.37% and a return on equity of 14.12%. The company had revenue of $33.91 million during the quarter, compared to analysts’ expectations of $33.38 million.
Shares of CNB Financial stock opened at $26.75 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.96 and a quick ratio of 0.96. CNB Financial has a twelve month low of $21.43 and a twelve month high of $32.86. The firm has a market cap of $409.64 million, a P/E ratio of 12.10 and a beta of 0.79.
A number of analysts recently weighed in on the stock. BidaskClub cut shares of CNB Financial from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. ValuEngine cut shares of CNB Financial from a “hold” rating to a “sell” rating in a research report on Saturday, January 19th. Boenning Scattergood reaffirmed a “buy” rating and set a $31.00 price target on shares of CNB Financial in a research report on Tuesday. Finally, Zacks Investment Research cut shares of CNB Financial from a “buy” rating to a “hold” rating in a research report on Monday, December 24th.
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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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