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.
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.
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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.
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