Commercial National Financial (OTCMKTS:CEFC) Announces Earnings Results

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

Commercial National Financial Price Performance

OTCMKTS CEFC opened at $10.20 on Thursday. The company has a 50 day moving average price of $10.02 and a 200 day moving average price of $9.49. Commercial National Financial has a 52 week low of $8.35 and a 52 week high of $10.67. The firm has a market cap of $40.49 million, a PE ratio of 6.89 and a beta of 0.48.

Commercial National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.49%. The ex-dividend date was Friday, December 13th. Commercial National Financial’s payout ratio is 37.84%.

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.