Commercial National Financial (OTCMKTS:CEFC) Stock Price Down 4.9% – Here’s What Happened

Commercial National Financial Co. (OTCMKTS:CEFC)’s stock price was down 4.9% during mid-day trading on Friday . The stock traded as low as $9.62 and last traded at $9.62. Approximately 2,000 shares changed hands during mid-day trading, a decline of 14% from the average daily volume of 2,319 shares. The stock had previously closed at $10.12.

Commercial National Financial Stock Performance

The business has a 50 day simple moving average of $10.61 and a 200-day simple moving average of $10.05. The firm has a market cap of $38.14 million, a price-to-earnings ratio of 6.50 and a beta of 0.30.

Commercial National Financial (OTCMKTS:CEFC) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $0.47 EPS for the quarter.

Commercial National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 5.82%. Commercial National Financial’s payout ratio is currently 37.84%.

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.