CNB Financial (NASDAQ:CCNE – Get Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.
CNB Financial Trading Up 0.5 %
CCNE opened at $25.47 on Tuesday. The stock has a market capitalization of $534.97 million, a price-to-earnings ratio of 10.70 and a beta of 0.69. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. CNB Financial has a twelve month low of $17.45 and a twelve month high of $26.87. The company has a 50-day simple moving average of $23.80 and a 200 day simple moving average of $21.69.
CNB Financial (NASDAQ:CCNE – Get Free Report) last posted its earnings results on Monday, October 21st. The bank reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The firm had revenue of $94.21 million during the quarter, compared to analysts’ expectations of $55.40 million. CNB Financial had a net margin of 15.30% and a return on equity of 10.37%. Analysts predict that CNB Financial will post 2.25 EPS for the current fiscal year.
Institutional Inflows and Outflows
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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