Nationwide Fund Advisors Has $234,000 Holdings in CNB Financial Corporation (CCNE)
Nationwide Fund Advisors continued to hold its stake in CNB Financial Corporation (NASDAQ:CCNE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,762 shares of the bank’s stock at the close of the second quarter. Nationwide Fund Advisors owned approximately 0.06% of CNB Financial Corporation worth $234,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in CCNE. Bank of New York Mellon Corp raised its position in CNB Financial Corporation by 5.6% during the 1st quarter. Bank of New York Mellon Corp now owns 96,284 shares of the bank’s stock worth $2,300,000 after buying an additional 5,107 shares during the last quarter. Prudential Financial Inc. raised its position in CNB Financial Corporation by 1.3% during the 1st quarter. Prudential Financial Inc. now owns 35,500 shares of the bank’s stock worth $848,000 after buying an additional 440 shares during the last quarter. American International Group Inc. raised its position in CNB Financial Corporation by 7.4% during the 1st quarter. American International Group Inc. now owns 8,543 shares of the bank’s stock worth $204,000 after buying an additional 585 shares during the last quarter. Alliancebernstein L.P. raised its position in CNB Financial Corporation by 4.8% during the 1st quarter. Alliancebernstein L.P. now owns 10,940 shares of the bank’s stock worth $261,000 after buying an additional 500 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in CNB Financial Corporation by 13.6% during the 1st quarter. California Public Employees Retirement System now owns 37,600 shares of the bank’s stock worth $898,000 after buying an additional 4,500 shares during the last quarter. Institutional investors own 42.58% of the company’s stock.
CCNE has been the subject of a number of analyst reports. ValuEngine downgraded shares of CNB Financial Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research downgraded shares of CNB Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. BidaskClub downgraded shares of CNB Financial Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of CNB Financial Corporation in a research note on Friday, October 20th.
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CNB Financial Corporation (NASDAQ CCNE) opened at $27.29 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.96 and a current ratio of 0.96. CNB Financial Corporation has a 12 month low of $20.91 and a 12 month high of $29.76. The firm has a market cap of $410.98, a price-to-earnings ratio of 15.91 and a beta of 0.87.
CNB Financial Corporation (NASDAQ:CCNE) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.08. CNB Financial Corporation had a net margin of 20.28% and a return on equity of 10.94%. The business had revenue of $28.55 million for the quarter, compared to analysts’ expectations of $28.52 million. research analysts predict that CNB Financial Corporation will post 1.67 earnings per share for the current year.
CNB Financial Corporation 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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