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

$33.30
-0.07 (-0.21 %)
(As of 11/11/2019 04:00 PM ET)
Today's Range
$33.14
Now: $33.30
$33.65
50-Day Range
$27.56
MA: $29.83
$33.03
52-Week Range
$21.43
Now: $33.30
$33.51
Volume580 shs
Average Volume18,714 shs
Market Capitalization$506.09 million
P/E Ratio15.07
Dividend Yield2.07%
Beta0.97
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. Read More…

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:CCNE
CUSIP12612810
Phone814-765-9621

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$152.59 million
Cash Flow$2.54 per share
Book Value$17.24 per share

Profitability

Net Income$33.72 million

Miscellaneous

Employees505
Market Cap$506.09 million
Next Earnings Date1/27/2020 (Estimated)
OptionableOptionable

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CNB Financial (NASDAQ:CCNE) Frequently Asked Questions

What is CNB Financial's stock symbol?

CNB Financial trades on the NASDAQ under the ticker symbol "CCNE."

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

CNB Financial declared a quarterly dividend on Tuesday, August 13th. Investors of record on Friday, August 30th will be given a dividend of $0.17 per share on Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Thursday, August 29th. View CNB Financial's Dividend History.

How were CNB Financial's earnings last quarter?

CNB Financial Corp (NASDAQ:CCNE) announced its quarterly earnings results on Thursday, October, 17th. The bank reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.05. The bank had revenue of $36.18 million for the quarter, compared to analysts' expectations of $35.52 million. CNB Financial had a return on equity of 14.02% and a net margin of 22.01%. View CNB Financial's Earnings History.

When is CNB Financial's next earnings date?

CNB Financial is scheduled to release their next quarterly earnings announcement on Monday, January 27th 2020. View Earnings Estimates for CNB Financial.

What price target have analysts set for CCNE?

1 brokers have issued 1 year price objectives for CNB Financial's stock. Their forecasts range from $31.00 to $31.00. On average, they anticipate CNB Financial's stock price to reach $31.00 in the next twelve months. This suggests that the stock has a possible downside of 6.9%. View Analyst Price Targets for CNB Financial.

What is the consensus analysts' recommendation for CNB Financial?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CNB Financial in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CNB Financial.

What are Wall Street analysts saying about CNB Financial stock?

Here are some recent quotes from research analysts about CNB Financial stock:
  • 1. According to Zacks Investment Research, "CNB Financial Corporation is a bank holding company headquartered in Clearfield, PA. It conducts business principally through County National Bank whose market area includes twenty convenient office locations in Pennsylvania. " (10/23/2019)
  • 2. Boenning Scattergood analysts commented, "We view an investment in CCNE shares as a compelling purchase. We believe the move back to a build versus a buy model is likely to yield a higher return on invested capital than acquisitions. By sticking to a tried-and-true strategy with a history of positive execution, we suspect growth will smooth from recent lumpiness. The shares trade at a modest discount to peers on a 2019 P/E basis (11.1x [B&S revised] vs. 11.4x), but at a premium on tangible book (1.8x vs. 1.6x); we believe the split is caused by CNB’s relative capital position. To a certain extent, we believe the market is pricing in a capital raise, but we note that tangible book value is expected to build at an 11.9% CAGR from 2017 through 2020 − 14.3% in 2019 alone." (4/16/2019)

Has CNB Financial been receiving favorable news coverage?

News coverage about CCNE stock has trended very negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. CNB Financial earned a coverage optimism score of -3.2 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next several days. View News Stories for CNB Financial.

Are investors shorting CNB Financial?

CNB Financial saw a decline in short interest in the month of October. As of October 15th, there was short interest totalling 83,000 shares, a decline of 9.7% from the September 15th total of 91,900 shares. Based on an average trading volume of 21,300 shares, the short-interest ratio is currently 3.9 days. Currently, 0.6% of the company's stock are sold short. View CNB Financial's Current Options Chain.

Who are some of CNB Financial's key competitors?

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 Broadcom (AVGO), Wacker Chemie (WCH), ASV (ASV), Cimpress (CMPR), Connecticut Water Service (CTWS), GDS (GDS), NeXt Innovation (GSVC), PTC Therapeutics (PTCT), Talend (TLND) and Walgreens Boots Alliance (WBA).

Who are CNB Financial's key executives?

CNB Financial's management team includes the folowing people:
  • Mr. Joseph B. Bower Jr., Pres, CEO & Director (Age 55)
  • Mr. Brian William Wingard, Exec. VP, CFO & Treasurer (Age 45)
  • Mr. Richard L. Greslick Jr., Sec. & Director (Age 42)
  • Mr. Mark D. Breakey, Sr. EVP & Chief Risk Officer (Age 60)
  • Mr. Joseph E. Dell Jr., Sr. EVP & Chief Commercial Banking Officer (Age 62)

Who are CNB Financial's major shareholders?

CNB Financial's stock is owned by a number of of institutional and retail investors. Top institutional investors include CNB Bank (1.03%), California Public Employees Retirement System (0.28%), First Trust Advisors LP (0.21%), Wedge Capital Management L L P NC (0.17%), Rhumbline Advisers (0.15%) and Strs Ohio (0.14%). Company insiders that own CNB Financial stock include Francis X Straub III, Joel E Peterson, Joseph B Bower Jr, Julie M Young, Mark D Breakey and Nicholas N Jr Scott. View Institutional Ownership Trends for CNB Financial.

Which institutional investors are selling CNB Financial stock?

CCNE stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio and Connors Investor Services Inc.. View Insider Buying and Selling for CNB Financial.

Which institutional investors are buying CNB Financial stock?

CCNE stock was bought by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Wedge Capital Management L L P NC, Janney Montgomery Scott LLC, First Trust Advisors LP, Rhumbline Advisers and CNB Bank. Company insiders that have bought CNB Financial stock in the last two years include Francis X Straub III, Joseph B Bower Jr, Julie M Young and Nicholas N Jr Scott. View Insider Buying and Selling for CNB Financial.

How do I buy shares of CNB Financial?

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

What is CNB Financial's stock price today?

One share of CCNE stock can currently be purchased for approximately $33.30.

How big of a company is CNB Financial?

CNB Financial has a market capitalization of $506.09 million and generates $152.59 million in revenue each year. The bank earns $33.72 million in net income (profit) each year or $2.21 on an earnings per share basis. CNB Financial employs 505 workers across the globe.View Additional Information About CNB Financial.

What is CNB Financial's official website?

The official website for CNB Financial is http://www.cnbbank.bank/.

How can I contact CNB Financial?

CNB Financial's mailing address is 1 SOUTH SECOND STREET P.O. BOX 42, CLEARFIELD PA, 16830. The bank can be reached via phone at 814-765-9621 or via email at [email protected]


MarketBeat Community Rating for CNB Financial (NASDAQ CCNE)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  210 (Vote Outperform)
Underperform Votes:  249 (Vote Underperform)
Total Votes:  459
MarketBeat's community ratings are surveys of what our community members think about CNB Financial and other stocks. Vote "Outperform" if you believe CCNE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CCNE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/11/2019 by MarketBeat.com Staff

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