CNB Financial Corp (NASDAQ:CCNE) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a twelve-month consensus price target of $29.50 for the company and are expecting that the company will post $0.47 EPS for the current quarter, according to Zacks. Zacks has also given CNB Financial an industry rank of 15 out of 265 based on the ratings given to related companies.
A number of analysts recently issued reports on the stock. BidaskClub lowered shares of CNB Financial from a “hold” rating to a “sell” rating in a research report on Saturday, December 16th. Zacks Investment Research upgraded shares of CNB Financial from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock 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 lowered shares of CNB Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th.
Shares of CNB Financial (NASDAQ:CCNE) traded down $0.38 during midday trading on Friday, reaching $26.72. 18,468 shares of the company were exchanged, compared to its average volume of 26,680. CNB Financial has a 1 year low of $20.91 and a 1 year high of $29.76. The firm has a market capitalization of $414.19, a price-to-earnings ratio of 15.81 and a beta of 0.83. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.96 and a current ratio of 0.96.
Several institutional investors and hedge funds have recently made changes to their positions in CCNE. Brandywine Global Investment Management LLC boosted its holdings in shares of CNB Financial by 38.7% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 4,952 shares of the bank’s stock valued at $119,000 after purchasing an additional 1,382 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of CNB Financial in the 3rd quarter valued at $208,000. State Board of Administration of Florida Retirement System acquired a new position in shares of CNB Financial in the 3rd quarter valued at $215,000. Wells Fargo & Company MN boosted its holdings in shares of CNB Financial by 2.0% in the 2nd quarter. Wells Fargo & Company MN now owns 11,175 shares of the bank’s stock valued at $268,000 after purchasing an additional 217 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of CNB Financial by 8.6% in the 2nd quarter. Voya Investment Management LLC now owns 12,661 shares of the bank’s stock valued at $303,000 after purchasing an additional 1,001 shares during the last quarter. Institutional investors own 42.89% of the company’s stock.
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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.
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