CNB Financial (NASDAQ:CCNE – Free Report) had its price objective trimmed by Keefe, Bruyette & Woods from $23.00 to $22.00 in a report released on Wednesday, Benzinga reports. The firm currently has a market perform rating on the bank’s stock.
CNB Financial Price Performance
CNB Financial stock opened at $18.05 on Wednesday. CNB Financial has a 12 month low of $16.43 and a 12 month high of $23.40. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20. The business’s 50 day simple moving average is $19.97 and its 200 day simple moving average is $20.33. The company has a market cap of $379.41 million, a price-to-earnings ratio of 7.58 and a beta of 0.78.
CNB Financial (NASDAQ:CCNE – Get Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.62 EPS for the quarter, beating the consensus estimate of $0.54 by $0.08. CNB Financial had a return on equity of 10.85% and a net margin of 15.96%. The business had revenue of $56.83 million for the quarter, compared to the consensus estimate of $55.10 million. Sell-side analysts forecast that CNB Financial will post 2.4 EPS for the current year.
CNB Financial Announces Dividend
Institutional Investors Weigh In On CNB Financial
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in CNB Financial by 5.2% during the 2nd quarter. BlackRock Inc. now owns 1,527,708 shares of the bank’s stock valued at $26,964,000 after acquiring an additional 75,156 shares during the period. Wellington Management Group LLP raised its holdings in CNB Financial by 1.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,205,918 shares of the bank’s stock valued at $21,839,000 after acquiring an additional 12,300 shares during the period. Vanguard Group Inc. raised its holdings in CNB Financial by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 1,036,754 shares of the bank’s stock valued at $23,420,000 after acquiring an additional 36,096 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in CNB Financial by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 871,822 shares of the bank’s stock valued at $19,695,000 after acquiring an additional 42,908 shares during the period. Institutional investors own 52.35% of the company’s stock.
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. The company 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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