CNB Financial (CCNE) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

CNB Financial (NASDAQ:CCNE) issued its earnings results on Monday. The bank reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02), Bloomberg Earnings reports. CNB Financial had a net margin of 18.31% and a return on equity of 11.16%.

Shares of NASDAQ:CCNE opened at $29.15 on Tuesday. The firm has a market cap of $441.11, a P/E ratio of 16.31 and a beta of 0.73. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.20. CNB Financial has a 1-year low of $20.91 and a 1-year high of $31.46.

How to Become a New Pot Stock Millionaire

In related news, Director Joel E. Peterson sold 2,000 shares of the stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $30.21, for a total transaction of $60,420.00. Following the completion of the sale, the director now owns 7,751 shares in the company, valued at approximately $234,157.71. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Francis X. Straub III purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average price of $26.91 per share, with a total value of $26,910.00. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 2,414 shares of company stock valued at $72,624. 4.20% of the stock is owned by company insiders.

Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of CNB Financial from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 14th. Boenning Scattergood restated a “buy” rating and issued a $29.50 target price on shares of CNB Financial in a report on Monday, February 5th. ValuEngine upgraded shares of CNB Financial from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. Keefe, Bruyette & Woods assumed coverage on shares of CNB Financial in a report on Tuesday, April 10th. They issued a “market perform” rating and a $35.00 target price for the company. Finally, Zacks Investment Research cut shares of CNB Financial from a “buy” rating to a “sell” rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $31.50.

TRADEMARK VIOLATION WARNING: “CNB Financial (CCNE) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at

CNB Financial Company Profile

CNB Financial Corporation operates as the bank holding company for CNB Bank that provides a range of banking products and services for individual, business, governmental, and institutional customers. It accepts checking, savings, and time deposit accounts; and offers real estate, commercial, industrial, residential, and consumer loans, as well as various other specialized financial services.

Earnings History for CNB Financial (NASDAQ:CCNE)

Receive News & Ratings for CNB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNB Financial and related companies with's FREE daily email newsletter.

Leave a Reply