Brokerages Anticipate CNB Financial Corp (CCNE) to Post $0.62 Earnings Per Share
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.
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.
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