Should I buy or sell CNB Financial stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CNB Financial in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CCNE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CCNE, but not buy additional shares or sell existing shares. View CCNE analyst ratings or view top-rated stocks .

What is CNB Financial's stock price target for 2024?

1 Wall Street analysts have issued 12 month price objectives for CNB Financial's stock. Their CCNE share price targets range from $24.00 to $24.00. On average, they anticipate the company's share price to reach $24.00 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price. View analysts price targets for CCNE or view top-rated stocks among Wall Street analysts .

How have CCNE shares performed in 2023?

CNB Financial's stock was trading at $23.79 at the start of the year. Since then, CCNE shares have decreased by 12.7% and is now trading at $20.76. View the best growth stocks for 2023 here .

Are investors shorting CNB Financial?

CNB Financial saw a increase in short interest in November. As of November 15th, there was short interest totaling 153,700 shares, an increase of 20.5% from the October 31st total of 127,600 shares. Based on an average daily trading volume, of 40,000 shares, the short-interest ratio is presently 3.8 days. View CNB Financial's Short Interest .

When is CNB Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 18th 2024. View our CCNE earnings forecast .

How were CNB Financial's earnings last quarter?

CNB Financial Co. (NASDAQ:CCNE) issued its quarterly earnings results on Monday, October, 23rd. The bank reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.05. The bank had revenue of $83.38 million for the quarter, compared to analysts' expectations of $55.20 million. CNB Financial had a net margin of 19.32% and a trailing twelve-month return on equity of 12.32%.

How often does CNB Financial pay dividends? What is the dividend yield for CNB Financial?

CNB Financial declared a quarterly dividend on Tuesday, November 14th. Investors of record on Friday, December 1st will be paid a dividend of $0.175 per share on Friday, December 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Thursday, November 30th. Read our dividend analysis for CCNE .

Is CNB Financial a good dividend stock?

CNB Financial (NASDAQ:CCNE) pays an annual dividend of $0.70 per share and currently has a dividend yield of 3.39%. The dividend payout ratio is 26.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CCNE will have a dividend payout ratio of 29.79% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CCNE .

What is Joseph B. Bower Jr.'s approval rating as CNB Financial's CEO?

5 employees have rated CNB Financial Chief Executive Officer Joseph B. Bower Jr. on Glassdoor.com . Joseph B. Bower Jr. has an approval rating of 76% among the company's employees. 71.0% of employees surveyed would recommend working at CNB Financial to a friend.

What other stocks do shareholders of CNB Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CNB Financial investors own include AT&T (T) , Broadcom (AVGO) , Enterprise Products Partners (EPD) , Walgreens Boots Alliance (WBA) , AbbVie (ABBV) , Cinemark (CNK) , General Motors (GM) , GSK (GSK) , Main Street Capital (MAIN) and Methanex (MEOH) .

Who are CNB Financial's major shareholders?

CNB Financial's stock is owned by a number of institutional and retail investors. Top institutional investors include Wellington Management Group LLP (5.77%), Davis Asset Management L.P. (2.39%), Pekin Hardy Strauss Inc. (1.41%), CNB Bank (1.11%), Northern Trust Corp (0.99%) and American Century Companies Inc. (0.98%). Insiders that own company stock include Deborah Dick Pontzer, Francis X Straub III, Heather J Koptchak, Jeffrey S Powell, Joel E Peterson , Julie M Young, Julie M Young , Mary Ann Conaway, Michael D Peduzzi, Michael D Peduzzi , N Michael Obi, Nicholas N Jr Scott , Peter F Smith, Renee Richard and Tito L Lima. View institutional ownership trends .

How do I buy shares of CNB Financial?

Shares of CCNE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

CNB Financial Stock Price, News & Analysis (NASDAQ:CCNE)

$20.76

+0.42 (+2.06%)

(As of 12/1/2023 ET)

Compare

Today's Range: $19.73
▼
$21.02
50-Day Range: $17.50
▼
$21.36
52-Week Range: $16.43
▼
$25.68

Volume: 118,245 shs
Average Volume: 58,250 shs
Market Capitalization: $433.84 million

P/E Ratio: 7.86
Dividend Yield: 3.37%
Price Target: $24.00

CNB Financial MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 15.6% Upside
$24.00 Price Target
Short Interest: Healthy
0.74% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.57
Upright™ Environmental Score
News Sentiment: 0.79
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$9,645 Bought Last Quarter
Proj. Earnings Growth: -6.37%
From $2.51 to $2.35 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.40 out of 5 stars

Finance Sector

365th out of 845 stocks

State Commercial Banks Industry

80th out of 181 stocks

2.0

Analyst's Opinion

Consensus Rating
CNB Financial has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.00, CNB Financial has a forecasted upside of 15.6% from its current price of $20.76.
Amount of Analyst Coverage
CNB Financial has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.74% of the outstanding shares of CNB Financial have been sold short.
Short Interest Ratio / Days to Cover
CNB Financial has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in CNB Financial has recently increased by 20.45%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
CNB Financial pays a meaningful dividend of 3.39%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
CNB Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of CNB Financial is 26.52%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, CNB Financial will have a dividend payout ratio of 29.79% next year. This indicates that CNB Financial will be able to sustain or increase its dividend.

3.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
CNB Financial has received a 43.61% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Retirement saving services", "Home improvement financing", "Cash withdrawal services", "Mortgages provided by brick and mortar banks", "Mortgage loans for corporations", and "Corporate debit cards" products. See details.
Environmental Sustainability
The Environmental Impact score for CNB Financial is -0.57.

2.7

News and Social Media Coverage

News Sentiment
CNB Financial has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for CNB Financial this week, compared to 1 article on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CNB Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $9,645.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.83% of the stock of CNB Financial is held by insiders.
Percentage Held by Institutions
56.14% of the stock of CNB Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for CNB Financial are expected to decrease by -6.37% in the coming year, from $2.51 to $2.35 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CNB Financial is 7.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of CNB Financial is 7.86, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.36.
Price to Book Value per Share Ratio
CNB Financial has a P/B Ratio of 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About CNB Financial Stock (NASDAQ:CCNE)

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. It also provides wealth and asset management services, including the administration of trusts and estates, retirement plans, and other employee benefit plans, as well as a range of wealth management services. In addition, the company invests in debt and equity securities; sells nonproprietary annuities and other insurance products; and small balance unsecured loans and secured loans primarily collateralized by automobiles and equipment. The company was founded in 1865 and is headquartered in Clearfield, Pennsylvania.

CCNE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CCNE Stock News Headlines

November 30, 2023 | finance.yahoo.com

CNB Financial Corporation Board Elects Jeffrey Powell as Chairperson

November 16, 2023 | finance.yahoo.com

With 57% institutional ownership, CNB Financial Corporation (NASDAQ:CCNE) is a favorite amongst the big guns

December 1, 2023 | DTI Trader (Ad)

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November 11, 2023 | morningstar.com

CNB Financial Corp CCNE

October 25, 2023 | benzinga.com

CNB Financial Stock (NASDAQ:CCNE) Earnings Dates and Earning Calls

October 23, 2023 | finance.yahoo.com

CNB Financial Corporation Reports Third Quarter 2023 Results

October 19, 2023 | bizjournals.com

FCBank's sister focused on women-owned business enters Central Ohio

September 24, 2023 | finance.yahoo.com

CNB Financial Insiders Added US$511k Of Stock To Their Holdings

December 1, 2023 | DTI Trader (Ad)

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August 28, 2023 | finance.yahoo.com

CNB Financial (NASDAQ:CCNE) Has Announced A Dividend Of $0.175

August 26, 2023 | finance.yahoo.com

There's A Lot To Like About CNB Financial's (NASDAQ:CCNE) Upcoming US$0.17 Dividend

August 12, 2023 | finance.yahoo.com

CNB Financial's (NASDAQ:CCNE) Dividend Will Be $0.175

August 11, 2023 | finance.yahoo.com

KBRA Releases Surveillance Report for CNB Financial Corporation

July 21, 2023 | benzinga.com

KBRA Affirms Ratings for CNB Financial Corporation

July 20, 2023 | finance.yahoo.com

CNB Financial (CCNE) Q2 Earnings Miss Estimates

July 20, 2023 | finance.yahoo.com

CNB Financial Corporation Reports Second Quarter 2023 Results

July 8, 2023 | finance.yahoo.com

CCNE - CNB Financial Corporation

July 6, 2023 | finance.yahoo.com

CNB Financial (NASDAQ:CCNE) investors are sitting on a loss of 33% if they invested five years ago

June 9, 2023 | finance.yahoo.com

With 56% ownership of the shares, CNB Financial Corporation (NASDAQ:CCNE) is heavily dominated by institutional owners

May 13, 2023 | finance.yahoo.com

CNB Financial (NASDAQ:CCNE) Is Paying Out A Dividend Of $0.175

May 11, 2023 | msn.com

CNB Financial Corp (CCNE) Declares $0.18 Dividend

May 5, 2023 | marketwatch.com

8-K: CNB FINANCIAL CORP/PA

April 17, 2023 | finance.yahoo.com

CNB Financial Corporation Reports First Quarter 2023 Results

April 6, 2023 | msn.com

Keefe, Bruyette & Woods Maintains CNB Financial (CCNE) Market Perform Recommendation

April 5, 2023 | finance.yahoo.com

CNB Financial Corporation (NASDAQ:CCNE) insiders placed bullish bets worth US$737k in the last 12 months

March 30, 2023 | seekingalpha.com

CCNE CNB Financial Corporation

March 9, 2023 | finance.yahoo.com

CNB Financial Full Year 2022 Earnings: Misses Expectations

See More Headlines

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Company Calendar

Ex-Dividend for 9/15 Dividend: 8/31/2023
Dividend Payable: 9/15/2023
Last Earnings: 10/23/2023
Ex-Dividend for 12/15 Dividend: 11/30/2023
Today: 12/01/2023
Dividend Payable: 12/15/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/18/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:CCNE
CUSIP: 12612810
CIK: 736772
Web: www.cnbbank.bank
Phone: (814) 765-9621
Fax: 814-765-9621
Employees: 722
Year Founded: 1865

Price Target and Rating

Average Stock Price Target: $24.00
High Stock Price Target: $24.00
Low Stock Price Target: $24.00
Potential Upside/Downside: +15.6%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.64
Trailing P/E Ratio: 7.86
Forward P/E Ratio: 8.27
P/E Growth: N/A
Net Income: $63.19 million
Net Margins: 19.32%
Pretax Margin: 24.04%
Return on Equity: 12.32%
Return on Assets: 1.07%

Debt

Debt-to-Equity Ratio: 0.21
Current Ratio: 0.93
Quick Ratio: 0.93

Sales & Book Value

Annual Sales: $220.59 million
Price / Sales: 1.97
Cash Flow: $3.07 per share
Price / Cash Flow: 6.76
Book Value: $23.52 per share
Price / Book: 0.88

Miscellaneous

Outstanding Shares: 20,898,000
Free Float: 20,307,000
Market Cap: $433.84 million
Optionable: Optionable
Beta: 0.82

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Key Executives

Mr. Michael D. Peduzzi CPA (Age 57)
President, CEO & Director
Comp: $782.28k
Mr. Tito L. Lima (Age 58)
Senior EVP, CFO & Treasurer
Comp: $554.81k
Mr. Richard L. Greslick Jr. (Age 46)
Senior Executive VP, COO, Secretary & Director
Comp: $558.96k
Ms. Leanne D. Kassab (Age 55)
Senior Executive VP, Chief Experience Officer & Assistant Secretary
Comp: $493.61k
Mr. Martin T. Griffith (Age 60)
Senior EVP & Chief Banking Officer
Comp: $517.98k
Mr. Steven R. Shaffner Shilling (Age 52)
Executive VP & Chief Wealth Management Officer
Mr. Gregory M. Dixon CPA (Age 45)
Executive VP & Chief Credit Officer
Ms. Angela D. Wilcoxson (Age 52)
Executive VP & Chief Commercial Banking Officer
Ms. Heather J. Koptchak
Senior VP & Chief Employee Resources Officer
Mr. Darryl P. Koch
Senior VP, Chief Information Technology & Security Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CCNE Stock Analysis - Frequently Asked Questions

Should I buy or sell CNB Financial stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CNB Financial in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CCNE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CCNE, but not buy additional shares or sell existing shares.
View CCNE analyst ratings or view top-rated stocks.
What is CNB Financial's stock price target for 2024?: 1 Wall Street analysts have issued 12 month price objectives for CNB Financial's stock. Their CCNE share price targets range from $24.00 to $24.00. On average, they anticipate the company's share price to reach $24.00 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price.
View analysts price targets for CCNE or view top-rated stocks among Wall Street analysts.
How have CCNE shares performed in 2023?: CNB Financial's stock was trading at $23.79 at the start of the year. Since then, CCNE shares have decreased by 12.7% and is now trading at $20.76.
View the best growth stocks for 2023 here.
Are investors shorting CNB Financial?: CNB Financial saw a increase in short interest in November. As of November 15th, there was short interest totaling 153,700 shares, an increase of 20.5% from the October 31st total of 127,600 shares. Based on an average daily trading volume, of 40,000 shares, the short-interest ratio is presently 3.8 days.
View CNB Financial's Short Interest.
When is CNB Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, January 18th 2024.
View our CCNE earnings forecast.
How were CNB Financial's earnings last quarter?: CNB Financial Co. (NASDAQ:CCNE) issued its quarterly earnings results on Monday, October, 23rd. The bank reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.05. The bank had revenue of $83.38 million for the quarter, compared to analysts' expectations of $55.20 million. CNB Financial had a net margin of 19.32% and a trailing twelve-month return on equity of 12.32%.

How often does CNB Financial pay dividends? What is the dividend yield for CNB Financial?: CNB Financial declared a quarterly dividend on Tuesday, November 14th. Investors of record on Friday, December 1st will be paid a dividend of $0.175 per share on Friday, December 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Thursday, November 30th.
Read our dividend analysis for CCNE.
Is CNB Financial a good dividend stock?: CNB Financial (NASDAQ:CCNE) pays an annual dividend of $0.70 per share and currently has a dividend yield of 3.39%. The dividend payout ratio is 26.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CCNE will have a dividend payout ratio of 29.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CCNE.
What is Joseph B. Bower Jr.'s approval rating as CNB Financial's CEO?: 5 employees have rated CNB Financial Chief Executive Officer Joseph B. Bower Jr. on Glassdoor.com. Joseph B. Bower Jr. has an approval rating of 76% among the company's employees. 71.0% of employees surveyed would recommend working at CNB Financial to a friend.
What other stocks do shareholders of CNB Financial own?: Based on aggregate information from My MarketBeat watchlists, some companies that other CNB Financial investors own include AT&T (T), Broadcom (AVGO), Enterprise Products Partners (EPD), Walgreens Boots Alliance (WBA), AbbVie (ABBV), Cinemark (CNK), General Motors (GM), GSK (GSK), Main Street Capital (MAIN) and Methanex (MEOH).
Who are CNB Financial's major shareholders?: CNB Financial's stock is owned by a number of institutional and retail investors. Top institutional investors include Wellington Management Group LLP (5.77%), Davis Asset Management L.P. (2.39%), Pekin Hardy Strauss Inc. (1.41%), CNB Bank (1.11%), Northern Trust Corp (0.99%) and American Century Companies Inc. (0.98%). Insiders that own company stock include Deborah Dick Pontzer, Francis X Straub III, Heather J Koptchak, Jeffrey S Powell, Joel E Peterson, Julie M Young, Julie M Young, Mary Ann Conaway, Michael D Peduzzi, Michael D Peduzzi, N Michael Obi, Nicholas N Jr Scott, Peter F Smith, Renee Richard and Tito L Lima.
View institutional ownership trends.
How do I buy shares of CNB Financial?: Shares of CCNE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:CCNE) was last updated on 12/1/2023 by MarketBeat.com Staff

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