NASDAQ:CCNE - CNB Financial Stock Price, News, & Analysis

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$25.32 -0.62 (-2.39 %)
(As of 03/22/2019 03:58 AM ET)
Previous Close$25.94
Today's Range$25.32 - $26.3650
52-Week Range$21.43 - $32.86
Volume13,792 shs
Average Volume16,713 shs
Market Capitalization$385.88 million
P/E Ratio11.46
Dividend Yield2.62%
Beta0.81
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. The company also provides trust 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, it 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. As of February 13, 2018, the company operated 31 full-service offices in Pennsylvania and northeast Ohio; 7 full-service offices and 1 loan production office in central Ohio; and 3 full-service offices in northwest New York. CNB Financial Corporation was founded in 1865 and is headquartered in Clearfield, Pennsylvania.

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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$2.3532 per share
Book Value$17.24 per share

Profitability

Net Income$33.72 million

Miscellaneous

EmployeesN/A
Market Cap$385.88 million
Next Earnings Date4/15/2019 (Estimated)
OptionableOptionable

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 announced a quarterly dividend on Wednesday, February 13th. Investors of record on Friday, March 1st will be given a dividend of $0.17 per share on Friday, March 15th. This represents a $0.68 annualized dividend and a yield of 2.69%. The ex-dividend date is Thursday, February 28th. View CNB Financial's Dividend History.

How were CNB Financial's earnings last quarter?

CNB Financial Corp (NASDAQ:CCNE) posted its earnings results on Monday, January, 28th. The bank reported $0.59 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.59 by $0.00. The bank had revenue of $32.55 million for the quarter, compared to analysts' expectations of $33.50 million. CNB Financial had a return on equity of 13.33% and a net margin of 22.10%. 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, April 15th 2019. View Earnings Estimates for CNB Financial.

What price target have analysts set for CCNE?

2 analysts have issued 1-year target prices for CNB Financial's shares. Their predictions range from $35.00 to $35.00. On average, they expect CNB Financial's share price to reach $35.00 in the next year. This suggests a possible upside of 38.2% from the stock's current price. View Analyst Price Targets for CNB Financial.

What is the consensus analysts' recommendation for CNB Financial?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CNB Financial in the last year. There are currently 1 hold rating and 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. " (12/24/2018)
  • 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 in 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 discount to peers on a P/E basis (13.4x vs. 14.1x), but a premium on tangible book (2.2x vs. 1.7x); we believe the split is caused by CNB’s relative capital position, but that P/E can expand as capital builds organically through an ROA in the 1.15% range through the modeling period. Investors can achieve a 2.3% capitalized dividend yield at current share price levels while they wait for earnings acceleration. Our $31.25 target price is based on a blend of peer multiples and a discount acquisition analysis." (4/17/2018)

Has CNB Financial been receiving favorable news coverage?

Press coverage about CCNE stock has trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. CNB Financial earned a daily sentiment score of 1.3 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the stock's share price in the near term.

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), Micron Technology (MU), Talend (TLND), Constellation Brands (STZ), Mid-America Apartment Communities (MAA), HSBC (HSBA), Zebra Technologies (ZBRA), Global Payments (GPN), CONSOL Coal Resources (CCR) and GDS (GDS).

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., Sr. EVP, Sec., COO & 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 many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.06%), Royce & Associates LP (4.59%), Dimensional Fund Advisors LP (3.68%), Dimensional Fund Advisors LP (3.68%), Banc Funds Co. LLC (2.29%) and Stifel Financial Corp (1.28%). Company insiders that own CNB Financial stock include Dennis L Merrey, Francis X Straub III, Joel E Peterson, Joseph B Bower Jr, 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 Banc Funds Co. LLC, Royce & Associates LP, EJF Capital LLC, First Trust Advisors LP, LSV Asset Management, MetLife Investment Advisors LLC and New York State Common Retirement Fund. View Insider Buying and Selling for CNB Financial.

Which institutional investors are buying CNB Financial stock?

CCNE stock was acquired by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, BlackRock Inc., Stifel Financial Corp, Geode Capital Management LLC, Geode Capital Management LLC, Rhumbline Advisers and Martingale Asset Management L P. Company insiders that have bought CNB Financial stock in the last two years include Francis X Straub III, Joseph B Bower Jr 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, Scottrade, Fidelity and Charles Schwab.

What is CNB Financial's stock price today?

One share of CCNE stock can currently be purchased for approximately $25.32.

How big of a company is CNB Financial?

CNB Financial has a market capitalization of $385.88 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.

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:  168 (Vote Outperform)
Underperform Votes:  200 (Vote Underperform)
Total Votes:  368
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 3/22/2019 by MarketBeat.com Staff

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