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January 23, 2022

Analysts Anticipate Axos Financial, Inc. (NYSE:AX) Will Post Quarterly Sales of $177.91 Million

Analysts expect that Axos Financial, Inc. (NYSE:AX) will post sales of $177.91 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Axos Financial’s earnings, with the lowest sales estimate coming in at $175.10 million and the highest estimate coming in at $180.40 million. Axos Financial posted sales of $162.81 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business is scheduled to report its next earnings report after the market closes on Thursday, January 27th.

On average, analysts expect that Axos Financial will report full year sales of $714.47 million for the current year, with estimates ranging from $706.78 million to $719.00 million. For the next financial year, analysts forecast that the firm will post sales of $783.96 million, with estimates ranging from $764.64 million to $807.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Axos Financial.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Wednesday, October 27th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. The business had revenue of $173.34 million during the quarter, compared to analyst estimates of $167.06 million. Axos Financial had a net margin of 30.84{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 16.75{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The firm’s revenue was up 6.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share.

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AX has been the subject of a number of research analyst reports. Raymond James increased their price target on shares of Axos Financial from $55.00 to $60.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 1st. Zacks Investment Research lowered shares of Axos Financial from a “buy” rating to a “hold” rating in a research report on Friday. Finally, B. Riley increased their price objective on Axos Financial from $54.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, November 5th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $60.00.

NYSE AX opened at $53.87 on Friday. The company has a 50 day simple moving average of $57.37 and a 200-day simple moving average of $52.57. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 14.60 and a beta of 1.51. Axos Financial has a 52-week low of $38.32 and a 52-week high of $62.44.

In other Axos Financial news, EVP Andrew J. Micheletti sold 25,318 shares of the stock in a transaction that occurred on Tuesday, November 9th. The stock was sold at an average price of $60.35, for a total transaction of $1,527,941.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Andrew J. Micheletti sold 5,720 shares of the stock in a transaction that occurred on Friday, December 3rd. The shares were sold at an average price of $56.87, for a total value of $325,296.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,038 shares of company stock worth $1,972,998. Corporate insiders own 4.73{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. IFP Advisors Inc boosted its position in shares of Axos Financial by 225.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. IFP Advisors Inc now owns 527 shares of the company’s stock valued at $29,000 after acquiring an additional 365 shares during the period. Financial Management Professionals Inc. bought a new stake in shares of Axos Financial in the third quarter valued at approximately $77,000. Hanseatic Management Services Inc. boosted its position in shares of Axos Financial by 23.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Hanseatic Management Services Inc. now owns 1,788 shares of the company’s stock valued at $92,000 after acquiring an additional 341 shares during the period. Wedbush Securities Inc. bought a new position in Axos Financial in the third quarter worth $201,000. Finally, Raymond James Trust N.A. bought a new position in Axos Financial in the third quarter worth $216,000. 76.92{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by institutional investors.

About Axos Financial

Axos Financial, Inc is a holding company, which engages in the provision of banking and financing services. It operates through the following segments: Banking Business and Securities Business. The Banking Business segment includes online banking, concierge banking, prepaid card services, and mortgage, vehicle, and unsecured lending through online and telephonic distribution channels.

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January 19, 2022

Biden will make 400 million N95 masks available to Americans for free

Staff develop N95 respirators at Protecting Health and fitness Equipment (PHG) in Paterson, New Jersey, U.S., January 14, 2022.

Brendan McDermid | Reuters

President Joe Biden will make 400 million extremely protecting N95 masks offered to Us residents for free at pharmacies and neighborhood health and fitness centers all over the U.S., a White Dwelling formal stated.

The masks will get started to turn out to be offered late future 7 days, and the software will be entirely up and operating by early February, in accordance to the formal. The White Residence mentioned the absolutely free masks are the premier deployment of particular protecting equipment in U.S. heritage.

The Centers for Ailment Control and Avoidance, in updated guidance printed last 7 days, said N95 respirators are much more powerful at blocking transmission of the virus than fabric and surgical masks. Nevertheless, CDC Director Dr. Rochelle Walensky has stated sporting any mask is improved than no mask.

The CDC claimed N95 masks must sort a seal on the deal with to perform correctly, warning that gaps can enable respiratory droplets that carry virus particles in and out of the mask. The company offered a simple fact sheet to exhibit how N95s should really be worn.

The CDC suggests that everyone 2 a long time of age or older use masks in indoor community areas regardless of vaccination standing in parts with considerable or substantial ranges of viral transmission. Correct now, almost each individual county in the U.S. has superior transmission of the virus, according to the agency.

Folks are demanded by federal legislation to dress in masks on planes, buses, trains and other types of public transportation.

Democrats in Congress have pushed the Biden administration to supply N95 masks to Americans for free as the extremely contagious Covid omicron variant has swept the place, causing unparalleled degrees of an infection. Sen. Bernie Sanders, I-Vt., reintroduced laws previous 7 days to produce a few N95 masks to every single particular person in the U.S. The laws has 50 co-sponsors in the Household and Senate.

“Congress need to demand from customers the mass generation and distribution of N95 masks, 1 of the most successful ways to end the distribute of the Covid virus,” Sanders mentioned in a assertion.

Scientists in Australia found that material masks are at minimum 50{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} efficient at filtering virus particles, even though N95 and surgical masks are about 99{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} helpful. The review was printed in the peer-reviewed journal Pathogens in September 2020.

The Biden administration is also distributing totally free at-dwelling Covid exams to American homes. Just about every dwelling can order four Covid tests at www.covidtests.gov.

January 16, 2022

Analysts Expect Enterprise Financial Services Corp (NASDAQ:EFSC) Will Announce Quarterly Sales of $121.70 Million

Brokerages expect Enterprise Financial Services Corp (NASDAQ:EFSC) to post $121.70 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Enterprise Financial Services’ earnings, with the highest sales estimate coming in at $122.00 million and the lowest estimate coming in at $121.40 million. Enterprise Financial Services posted sales of $95.95 million during the same quarter last year, which suggests a positive year-over-year growth rate of 26.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The company is scheduled to announce its next earnings report after the market closes on Monday, January 24th.

According to Zacks, analysts expect that Enterprise Financial Services will report full year sales of $425.29 million for the current financial year, with estimates ranging from $423.80 million to $428.00 million. For the next financial year, analysts expect that the business will report sales of $476.30 million, with estimates ranging from $475.50 million to $477.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Enterprise Financial Services.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Sunday, October 24th. The bank reported $0.38 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.41). The firm had revenue of $114.89 million for the quarter, compared to the consensus estimate of $112.79 million. Enterprise Financial Services had a net margin of 26.26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 12.15{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. During the same quarter in the previous year, the company posted $0.68 earnings per share.

Several equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Tuesday, January 11th. Raymond James boosted their price objective on shares of Enterprise Financial Services from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, October 27th.

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Shares of NASDAQ:EFSC opened at $49.97 on Friday. The firm’s 50-day moving average is $47.97 and its 200 day moving average is $46.44. Enterprise Financial Services has a 12 month low of $34.71 and a 12 month high of $52.00. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 14.00 and a beta of 1.32. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.33.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Wednesday, December 15th were issued a dividend of $0.20 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 1.60{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date of this dividend was Tuesday, December 14th. Enterprise Financial Services’s dividend payout ratio is presently 22.41{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

In other Enterprise Financial Services news, Director Peter Hui sold 4,000 shares of the stock in a transaction that occurred on Monday, December 13th. The shares were sold at an average price of $47.55, for a total value of $190,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tony Scavuzzo sold 140,000 shares of the stock in a transaction that occurred on Wednesday, November 24th. The shares were sold at an average price of $48.32, for a total transaction of $6,764,800.00. The disclosure for this sale can be found here. In the last three months, insiders have purchased 9,900 shares of company stock valued at $424,425 and have sold 171,000 shares valued at $8,253,160. 8.40{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nuveen Asset Management LLC lifted its stake in Enterprise Financial Services by 3.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Nuveen Asset Management LLC now owns 293,144 shares of the bank’s stock valued at $13,599,000 after buying an additional 10,662 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Enterprise Financial Services by 15.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Envestnet Asset Management Inc. now owns 22,862 shares of the bank’s stock valued at $1,061,000 after buying an additional 2,989 shares during the last quarter. ProShare Advisors LLC lifted its stake in Enterprise Financial Services by 16.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. ProShare Advisors LLC now owns 7,501 shares of the bank’s stock valued at $348,000 after buying an additional 1,052 shares during the last quarter. Western Financial Corporation lifted its stake in Enterprise Financial Services by 4.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Western Financial Corporation now owns 805,593 shares of the bank’s stock valued at $36,477,000 after buying an additional 34,840 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Enterprise Financial Services by 69.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Principal Financial Group Inc. now owns 31,946 shares of the bank’s stock valued at $1,482,000 after buying an additional 13,040 shares during the last quarter. Hedge funds and other institutional investors own 66.60{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp. operates as a financial holding company. The firm engages in the provision of business and personal banking services and wealth management services. It also offers lending services which include commercial and industrial commercial real estate, real estate construction and development, residential real estate and consumer loans.

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January 14, 2022

CEO admits stealing $15 million from her company to finance clothing boutique, Plaza Hotel visits, and $200K on relative’s wedding

That is some significant-conclusion embezzlement.

The U.S. main executive of a German saw-blade maker has pleaded responsible to stealing $15 million from the firm to bankroll a luxurious clothes and household furniture boutique she ran on the facet.

Donna Osowitt Steele, 52, of Taylorsville, N.C. experienced worked for Tigra United states due to the fact 1999, commencing in the delivery section and increasing to develop into chief executive. Prosecutors say that commencing in 2013, Steele commenced pilfering from the HIckory-N.C.- primarily based company’s coffers, ultimately pocketing hundreds of thousands.

Crafting enterprise checks to herself and making use of business credit rating cards, Steele utilised $350,000 of the hard cash to launch a luxury clothing and furnishings company known as Opulence by Steele.

Serial embezzler

Nevertheless, the responsible plea was not the first time Steele had been accused of embezzlement. In 1995, she pleaded guilty to thieving $500,000 above a six month time period from a loved ones-operate signal company in which she labored, in accordance to the Hickory Everyday Report. She served almost a calendar year in condition prison and was ordered to shell out the funds again.

She also had before convictions for grand larceny and creating negative checks.

Extravagant spending

She also was accused of paying out in excess of $1 million on lavish journeys, which include $255,000 at the Plaza Resort in New York and $155,000 at the Ritz Carlton Kapalua in Hawaii. She also put in $6,800 for a excursion to see a Notre Dame-Virginia Tech soccer game.

Steele was charged with investing over $200,000 of the company’s funds to pay for a relative’s wedding day, and $100,000 on slice bouquets additionally another $100,000 on Gucci clothing and bags.

Prosecutors also billed Steele with shelling out above $500,000 on jewelry.

Steele pleaded responsible on Wednesday in federal courtroom in North Carolina to wire fraud. She faces up to 20 yrs in prison. A concept left with her legal professional wasn’t promptly returned.

Covering her tracks

In accordance to courtroom files, when credit score-card corporations flagged the purchases as suspicious, Steele would tell them they had been authorized.

For the reason that of her lavish paying, the company began experiencing problems paying suppliers and covering its personal payroll charges. Business employees also commenced looking at prices becoming denied on their corporate credit history cards,

To even further protect her tracks, prosecutors said Steele explained to employees the dad or mum enterprise in Germany was acquiring monetary problems. She also instructed them to limit communications with their counterparts in Germany and to hand more than passwords to all the company’s methods to her.

Company officers in Germany sooner or later grew suspicious and began investigating, and identified big discrepancies in the firm’s books. They then fired Steele and contacted the Federal Bureau of Investigation.

“We are gratified that justice is becoming completed,” reported Bernd Motzer, a member of the family that owns Tigra who took over as president and CEO of its U.S. division after Steele was fired.

January 4, 2022

Record 4.5 million Americans quit jobs in November

Desire for employees in the U.S. remained historically elevated in November, with career openings keeping close to an all-time high and the amount of folks quitting their work reaching a document amid the ongoing pandemic.

Vacancies totaled 10.562 million in November, according to the Labor Department’s Work Openings and Labor Turnover Summary (JOLTS) launched Tuesday. This arrives is a little decreased than the 11.091 million in October, based mostly on the government’s revised print for the thirty day period. Consensus economists were seeking for task openings to increase to 11.079 million in November, in accordance to Bloomberg facts.

The quits charge came in at 3.{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}, matching the report-large level last found in September and suggesting an elevated amount of people today ended up voluntarily leaving their employment. This was up from the 3.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} quits rate from October. A history 4.5 million persons give up their employment in November.

About 1.37 million people today were laid off or fired in the course of the month, when compared to 2.12 million people today in the same month in 2020.

By marketplace, occupation openings declined most notably in lodging and foods services, with vacancies falling by 261,000 but remaining at a however-elevated 1.3 million in whole. Building and non-long lasting merchandise production employers also observed notable drops in work openings at 110,000 and 66,000, respectively.

Tuesday’s report extends a streak of elevated readings on occupation openings. Vacancies rose all over early 2021 and reached a document high of 11.098 million in July, and have retreated only modestly given that then.

And even though the JOLTS report for November does not yet seize any significant impression from the Omicron variant discovered all-around Thanksgiving, some economists advised labor shortages may be exacerbated at least in the close to-term due to the hottest surge.

“Businesses have shifted their demand from customers for employees at a rate that is commonly only viewed in the course of economic booms,” Chris Rupkey, main economist for FWDBONDS, wrote in an e-mail Tuesday. “The economic climate is booming right now but for how extended is the dilemma with the unfold of the hottest COVID variant that is closing many schools and slowing commerce and buyer targeted traffic at several outlets and malls.”

The JOLTS facts also adds to a slew of other stories pointing to the persistent tightness in the U.S. labor sector. The previous monthly careers report from the Labor Section showed a disappointing 210,000 non-farm payrolls came back again in the penultimate thirty day period of final calendar year. The labor power participation rate remained depressed in contrast to pre-pandemic degrees, and the civilian labor drive was even now down by about 2.4 million participants compared to levels from February 2020. And according to the most recent NFIB Compact Business enterprise Optimism report, approximately half of surveyed homeowners claimed they had career openings that could not be stuffed in November. The December positions report is slated to be introduced on Friday.

A sign seeking workers is displayed at a fast food restaurant in Portland, Ore., Monday, Dec. 27, 2021. (AP Photo/Jenny Kane) — A signal in search of workers is displayed at a fast meals restaurant in Portland, Ore., Monday, Dec. 27, 2021. (AP Photo/Jenny Kane)

But while labor shortages have continued to strain companies searching for to fill positions, leverage among staff has greater. Regular hourly earnings very last rose at a 4.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} 12 months-around-12 months clip in November, while this rise was dwarfed by the 6.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} bounce in U.S. customer prices through the similar thirty day period, in accordance to details from the Bureau of Labor Figures.

And the Convention Board’s consumer self-confidence study past thirty day period confirmed a labor differential — or proportion of those declaring work were “plentiful” significantly less these declaring jobs ended up “really hard to get” — that was even now elevated on a historical basis, suggesting staff ended up nonetheless discovering it relatively effortless to uncover work opportunities.

—

Emily McCormick is a reporter for Yahoo Finance. Comply with her on Twitter: @emily_mcck

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December 8, 2021

Zacks: Analysts Anticipate CNB Financial Co. (NASDAQ:CCNE) Will Announce Quarterly Sales of $49.60 Million

Analysts forecast that CNB Financial Co. (NASDAQ:CCNE) will announce $49.60 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for CNB Financial’s earnings, with the lowest sales estimate coming in at $49.10 million and the highest estimate coming in at $50.10 million. CNB Financial posted sales of $48.08 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business is scheduled to issue its next quarterly earnings report on Tuesday, January 25th.

According to Zacks, analysts expect that CNB Financial will report full year sales of $191.85 million for the current fiscal year, with estimates ranging from $191.80 million to $191.90 million. For the next year, analysts forecast that the company will post sales of $203.00 million, with estimates ranging from $201.40 million to $204.60 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover CNB Financial.

CNB Financial (NASDAQ:CCNE) last issued its quarterly earnings results on Sunday, October 24th. The bank reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.05. CNB Financial had a return on equity of 15.47{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 24.00{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business had revenue of $48.71 million for the quarter, compared to the consensus estimate of $48.10 million.

CCNE has been the subject of a number of analyst reports. Boenning Scattergood reiterated an “outperform” rating on shares of CNB Financial in a research note on Friday, August 20th. Zacks Investment Research upgraded shares of CNB Financial from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Monday.

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In other CNB Financial news, COO Michael D. Peduzzi purchased 5,000 shares of the firm’s stock in a transaction on Friday, September 10th. The shares were acquired at an average cost of $24.18 per share, for a total transaction of $120,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.77{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada raised its holdings in CNB Financial by 12.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the first quarter. Royal Bank of Canada now owns 10,926 shares of the bank’s stock valued at $269,000 after acquiring an additional 1,239 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of CNB Financial by 8.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 2nd quarter. Exchange Traded Concepts LLC now owns 21,609 shares of the bank’s stock worth $493,000 after buying an additional 1,760 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of CNB Financial by 40.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 2nd quarter. New York State Common Retirement Fund now owns 15,825 shares of the bank’s stock worth $361,000 after buying an additional 4,525 shares during the last quarter. American Century Companies Inc. raised its stake in CNB Financial by 32.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. American Century Companies Inc. now owns 34,891 shares of the bank’s stock valued at $796,000 after purchasing an additional 8,477 shares during the last quarter. Finally, Sei Investments Co. acquired a new position in CNB Financial in the 2nd quarter valued at about $535,000. Institutional investors own 39.34{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Shares of CCNE opened at $27.06 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 0.92. The company has a 50-day moving average price of $25.83. The firm has a market cap of $457.12 million, a P/E ratio of 9.82 and a beta of 0.98. CNB Financial has a one year low of $20.20 and a one year high of $28.59.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 15th. Investors of record on Wednesday, December 1st will be issued a $0.175 dividend. The ex-dividend date is Tuesday, November 30th. This represents a $0.70 annualized dividend and a yield of 2.59{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This is a boost from CNB Financial’s previous quarterly dividend of $0.17. CNB Financial’s dividend payout ratio (DPR) is currently 25.36{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

CNB Financial Company Profile

CNB Financial Corp. is a financial holding company, which engages in the provision of banking and financial solutions. It offers deposit accounts, private banking, real estate, commercial, industrial, residential and consumer loans, lines of credit, credit cards, treasury services, online banking, mobile banking, merchant credit card processing, remote deposit, and accounts receivable handling.

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Get a free copy of the Zacks research report on CNB Financial (CCNE)

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Should you invest $1,000 in CNB Financial right now?

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While CNB Financial currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

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