Shares of CNB Financial Corp (NASDAQ:CCNE) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a twelve-month consensus target price of $29.50 for the company and are predicting that the company will post $0.48 earnings per share for the current quarter, according to Zacks. Zacks has also given CNB Financial an industry rank of 14 out of 265 based on the ratings given to its competitors.
A number of research firms have recently commented on CCNE. Zacks Investment Research upgraded shares of CNB Financial from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research report on Monday, October 23rd. Boenning Scattergood restated a “buy” rating on shares of CNB Financial in a research report on Friday, October 20th. BidaskClub lowered shares of CNB Financial from a “hold” rating to a “sell” rating in a research report on Saturday, December 16th. Finally, ValuEngine lowered shares of CNB Financial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 14th.
A number of large investors have recently made changes to their positions in CCNE. Vanguard Group Inc. grew its position in CNB Financial by 8.6% in the second quarter. Vanguard Group Inc. now owns 532,453 shares of the bank’s stock worth $12,763,000 after acquiring an additional 42,057 shares in the last quarter. Dimensional Fund Advisors LP grew its position in CNB Financial by 11.3% in the second quarter. Dimensional Fund Advisors LP now owns 380,396 shares of the bank’s stock worth $9,118,000 after acquiring an additional 38,699 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its position 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 worth $4,874,000 after acquiring an additional 25,000 shares in the last quarter. Bessemer Group Inc. purchased a new position in CNB Financial in the fourth quarter worth $522,000. Finally, Northern Trust Corp grew its position in CNB Financial by 8.7% in the second quarter. Northern Trust Corp now owns 182,037 shares of the bank’s stock worth $4,363,000 after acquiring an additional 14,607 shares in the last quarter. Institutional investors own 42.97% of the company’s stock.
CNB Financial (CCNE) opened at $26.82 on Monday. The company has a market cap of $409.41, a price-to-earnings ratio of 17.08 and a beta of 0.83. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.11. CNB Financial has a 1 year low of $20.91 and a 1 year high of $29.76.
About CNB Financial
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.
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