Commercial National Financial (OTCMKTS:CEFC) Shares Down 3.4% – Here’s Why

Commercial National Financial Co. (OTCMKTS:CEFC) fell 3.4% during trading on Wednesday . The company traded as low as $9.85 and last traded at $9.85. 1,210 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 1,728 shares. The stock had previously closed at $10.20.

Commercial National Financial Stock Performance

The company has a market cap of $39.06 million, a PE ratio of 7.14 and a beta of 0.49. The firm’s 50 day moving average is $9.81 and its 200-day moving average is $9.34.

Commercial National Financial (OTCMKTS:CEFC) last posted its quarterly earnings results on Friday, October 25th. The company reported $0.36 earnings per share (EPS) for the quarter. The company had revenue of $5.23 million during the quarter.

Commercial National Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date is Friday, December 13th. Commercial National Financial’s dividend payout ratio (DPR) is presently 40.58%.

Commercial National Financial Company Profile

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.