Commercial National Financial (OTCMKTS:CEFC) Announces Earnings Results

Commercial National Financial (OTCMKTS:CEFC) released its quarterly earnings results on Tuesday. The company reported $0.47 earnings per share for the quarter, Zacks reports.

Commercial National Financial Price Performance

Shares of CEFC traded down $0.10 during midday trading on Tuesday, hitting $10.20. The stock had a trading volume of 300 shares, compared to its average volume of 320. The firm has a market cap of $40.49 million, a price-to-earnings ratio of 7.39 and a beta of 0.48. The company has a 50 day simple moving average of $10.01 and a two-hundred day simple moving average of $9.47. Commercial National Financial has a twelve month low of $8.35 and a twelve month high of $10.67.

Commercial National Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend was Friday, December 13th. Commercial National Financial’s payout ratio is presently 40.58%.

About Commercial National Financial

Commercial National Financial Corporation operates as the holding company for Commercial Bank that provides various banking products and services to individuals, agricultural businesses, commercial businesses, and light industries in Michigan. The company accepts various deposit products, including checking and savings accounts, individual retirement accounts, certificates of deposit, and health savings accounts.