CNB Financial (NASDAQ:CCNE) Sets New 12-Month High Following Dividend Announcement

CNB Financial Corporation (NASDAQ:CCNE)’s stock price hit a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The stock traded as high as $30.84 and last traded at $30.4050, with a volume of 46201 shares traded. The stock had previously closed at $28.73.

The newly announced dividend which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, February 27th. This is a boost from CNB Financial’s previous quarterly dividend of $0.18. CNB Financial’s payout ratio is currently 29.63%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of CNB Financial in a research report on Monday, December 29th. Janney Montgomery Scott upgraded shares of CNB Financial to a “strong-buy” rating in a research note on Wednesday, October 22nd. Stephens increased their price target on shares of CNB Financial from $28.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Wall Street Zen cut shares of CNB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, CNB Financial has a consensus rating of “Moderate Buy” and an average target price of $32.00.

CNB Financial Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 0.97 and a quick ratio of 0.97. The company’s 50-day simple moving average is $27.24 and its 200-day simple moving average is $25.66. The company has a market cap of $879.98 million, a price-to-earnings ratio of 12.28 and a beta of 0.73.

CNB Financial (NASDAQ:CCNE) last posted its earnings results on Tuesday, January 27th. The bank reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.10. CNB Financial had a return on equity of 11.83% and a net margin of 15.29%.The company had revenue of $87.16 million for the quarter, compared to analysts’ expectations of $73.10 million. On average, equities research analysts anticipate that CNB Financial Corporation will post 2.04 EPS for the current year.

More CNB Financial News

Here are the key news stories impacting CNB Financial this week:

• Positive Sentiment: Board raised the quarterly dividend to $0.19/share (5.6% increase vs prior $0.18), payable March 13 to holders of record Feb 27 — signals capital return, income support and confidence in the bank’s cash flow. GlobeNewswire Dividend Release
• Positive Sentiment: Third-party coverage (Quiver/TipRanks summaries) highlights strong Q4 revenue growth, significant institutional additions and mixed insider activity (several insider purchases noted). Large institutional ownership increases and revenue strength support bullish sentiment and valuation. Quiver Quant Summary
• Neutral Sentiment: Technical note: coverage flagged that CCNE shares crossed above the 200-day moving average — a common bullish technical signal, though some headlines framed it as an opportunity to reassess positions rather than an unequivocal buy. AmericanBankingNews
• Neutral Sentiment: Short-interest reports show zero shares and NaN changes for February filings — this appears to be a data/reporting error (days-to-cover shown as 0.0). Treat the short-interest figures as unreliable until clarified. (No reliable link available in the feed.)

Hedge Funds Weigh In On CNB Financial

A number of institutional investors have recently added to or reduced their stakes in CCNE. Wellington Management Group LLP lifted its position in CNB Financial by 116.1% during the third quarter. Wellington Management Group LLP now owns 1,876,033 shares of the bank’s stock worth $45,400,000 after purchasing an additional 1,007,751 shares during the period. Vanguard Group Inc. increased its position in shares of CNB Financial by 38.3% during the third quarter. Vanguard Group Inc. now owns 1,572,656 shares of the bank’s stock valued at $38,058,000 after buying an additional 435,300 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of CNB Financial by 37.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,480,034 shares of the bank’s stock worth $35,817,000 after acquiring an additional 406,167 shares during the last quarter. Davis Asset Management L.P. raised its stake in shares of CNB Financial by 27.7% during the second quarter. Davis Asset Management L.P. now owns 894,033 shares of the bank’s stock valued at $20,438,000 after acquiring an additional 194,033 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of CNB Financial by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 792,749 shares of the bank’s stock valued at $20,750,000 after purchasing an additional 34,520 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

CNB Financial Company Profile

CNB Financial Corporation (NASDAQ: CCNE) is a bank holding company headquartered in Clearfield, Pennsylvania. The company operates through its wholly owned subsidiary, CNB Bank & Trust, providing a full suite of community banking services. With a focus on relationship-driven banking, CNB Financial seeks to serve individuals, small businesses and agricultural clients across central Pennsylvania.

The company’s core offerings include deposit products such as checking accounts, savings accounts, money market accounts and certificates of deposit.