Shares of CNB Financial Corp (NASDAQ:CCNE) have been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Analysts have set a 1 year consensus price objective of $33.50 for the company and are expecting that the company will post $0.62 earnings per share for the current quarter, according to Zacks. Zacks has also given CNB Financial an industry rank of 115 out of 257 based on the ratings given to related companies.

Several research analysts have commented on the stock. ValuEngine downgraded shares of CNB Financial from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Zacks Investment Research raised shares of CNB Financial from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Wednesday, October 24th. Boenning Scattergood reissued a “buy” rating on shares of CNB Financial in a report on Monday, October 22nd. Finally, BidaskClub downgraded shares of CNB Financial from a “sell” rating to a “strong sell” rating in a report on Friday, September 28th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of CNB Financial by 16.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 32,961 shares of the bank’s stock worth $959,000 after acquiring an additional 4,700 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of CNB Financial by 3.0% during the 1st quarter. Northern Trust Corp now owns 186,787 shares of the bank’s stock worth $5,434,000 after acquiring an additional 5,455 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of CNB Financial by 16.0% during the 3rd quarter. First Trust Advisors LP now owns 43,936 shares of the bank’s stock worth $1,268,000 after acquiring an additional 6,047 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of CNB Financial by 1.2% during the 3rd quarter. BlackRock Inc. now owns 754,690 shares of the bank’s stock worth $21,780,000 after acquiring an additional 9,282 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of CNB Financial by 33.9% during the 3rd quarter. Wells Fargo & Company MN now owns 47,667 shares of the bank’s stock worth $1,376,000 after acquiring an additional 12,057 shares during the last quarter. 44.62% of the stock is owned by institutional investors.

NASDAQ:CCNE traded up $0.71 during trading hours on Monday, hitting $26.44. The stock had a trading volume of 16,818 shares, compared to its average volume of 21,934. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.98 and a quick ratio of 0.98. CNB Financial has a one year low of $25.25 and a one year high of $32.86. The company has a market cap of $397.27 million, a price-to-earnings ratio of 14.94 and a beta of 0.75.

CNB Financial (NASDAQ:CCNE) last announced its quarterly earnings results on Friday, October 19th. The bank reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. CNB Financial had a net margin of 19.33% and a return on equity of 12.69%. The firm had revenue of $32.81 million during the quarter, compared to the consensus estimate of $31.80 million. Equities research analysts expect that CNB Financial will post 2.24 EPS for the current fiscal year.

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.

Further Reading: Growth Stocks

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