CNB Financial Corp (CCNE) Director Buys $26,910.00 in Stock

CNB Financial Corp (NASDAQ:CCNE) Director Francis X. Straub III acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was bought at an average price of $26.91 per share, with a total value of $26,910.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of CNB Financial Corp (NASDAQ CCNE) opened at $26.73 on Thursday. The company has a market capitalization of $408.53, a PE ratio of 17.82 and a beta of 0.83. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.11. CNB Financial Corp has a fifty-two week low of $20.91 and a fifty-two week high of $29.76.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in CNB Financial by 8.6% in the second quarter. Vanguard Group Inc. now owns 532,453 shares of the bank’s stock valued at $12,763,000 after acquiring an additional 42,057 shares during the period. Dimensional Fund Advisors LP grew its stake in CNB Financial by 5.2% in the third quarter. Dimensional Fund Advisors LP now owns 400,203 shares of the bank’s stock valued at $10,934,000 after acquiring an additional 19,807 shares during the period. State Street Corp grew its stake in CNB Financial by 3.4% in the second quarter. State Street Corp now owns 253,997 shares of the bank’s stock valued at $6,089,000 after acquiring an additional 8,363 shares during the period. Northern Trust Corp grew its stake in CNB Financial by 8.7% in the second quarter. Northern Trust Corp now owns 182,037 shares of the bank’s stock valued at $4,363,000 after acquiring an additional 14,607 shares during the period. Finally, Emerald Mutual Fund Advisers Trust grew its stake in CNB Financial by 16.3% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 178,402 shares of the bank’s stock valued at $4,874,000 after acquiring an additional 25,000 shares during the period. 42.97% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on the company. BidaskClub downgraded CNB Financial from a “hold” rating to a “sell” rating in a report on Saturday, December 16th. Zacks Investment Research upgraded CNB Financial from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a report on Monday, October 23rd. Boenning Scattergood reiterated a “buy” rating on shares of CNB Financial in a report on Friday, October 20th. Finally, ValuEngine downgraded CNB Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th.

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CNB Financial Company Profile

CNB Financial Corporation is a financial holding company. The Company is the holding company of CNB Bank (the Bank); CNB Securities Corporation, which maintains investments in debt and equity securities; CNB Insurance Agency, which provides for the sale of nonproprietary annuities and other insurance products, and Holiday Financial Services Corporation, which offers small balance unsecured loans and secured loans, primarily collateralized by automobiles and equipment.

Insider Buying and Selling by Quarter for CNB Financial (NASDAQ:CCNE)

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