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

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$25.52 -0.65 (-2.48 %)
(As of 11/20/2018 04:00 PM ET)
Previous Close$26.17
Today's Range$25.52 - $26.15
52-Week Range$25.25 - $32.86
Volume18,700 shs
Average Volume20,997 shs
Market Capitalization$399.94 million
P/E Ratio14.42
Dividend Yield2.59%
Beta0.75
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

Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:CCNE
Previous Symbol
CUSIP12612810
Phone814-765-9621

Debt

Debt-to-Equity Ratio1.26
Current Ratio0.95
Quick Ratio0.95

Price-To-Earnings

Trailing P/E Ratio14.42
Forward P/E Ratio11.39
P/E GrowthN/A

Sales & Book Value

Annual Sales$130.31 million
Price / Sales2.99
Cash Flow$1.9676 per share
Price / Cash12.97
Book Value$15.96 per share
Price / Book1.60

Profitability

EPS (Most Recent Fiscal Year)$1.77
Net Income$23.86 million
Net Margins19.33%
Return on Equity12.58%
Return on Assets1.06%

Miscellaneous

Employees528
Outstanding Shares15,250,000
Market Cap$399.94 million
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, November 14th. Investors of record on Friday, November 30th will be paid a dividend of $0.17 per share on Friday, December 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Thursday, November 29th. View CNB Financial's Dividend History.

How were CNB Financial's earnings last quarter?

CNB Financial Corp (NASDAQ:CCNE) posted its quarterly earnings data on Friday, October, 19th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.58 by $0.02. The bank had revenue of $32.81 million for the quarter, compared to analyst estimates of $31.80 million. CNB Financial had a return on equity of 12.58% and a net margin of 19.33%. 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 Friday, February 1st 2019. View Earnings Estimates for CNB Financial.

What price target have analysts set for CCNE?

2 analysts have issued 1 year price objectives for CNB Financial's stock. Their predictions range from $29.50 to $35.00. On average, they anticipate CNB Financial's share price to reach $32.25 in the next twelve months. This suggests a possible upside of 26.4% 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. " (10/24/2018)
  • 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?

Media headlines about CCNE stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. CNB Financial earned a daily sentiment score of 1.1 on InfoTrie's scale. They also assigned media stories about the bank a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future.

Who are some of CNB Financial's key competitors?

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 54)
  • Mr. Brian William Wingard, Exec. VP, CFO & Treasurer (Age 44)
  • Mr. Richard L. Greslick Jr., Sr. EVP, Sec., COO & Director (Age 41)
  • Mr. Joseph E. Dell Jr., Sr. EVP & Chief Commercial Banking Officer (Age 61)
  • Ms. Helen G. Kolar, VP, Marketing & Sales (Age 67)

Who are CNB Financial's major shareholders?

CNB Financial's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.94%), Royce & Associates LP (4.87%), Dimensional Fund Advisors LP (3.49%), Banc Funds Co. LLC (2.67%), Renaissance Technologies LLC (1.76%) and Emerald Mutual Fund Advisers Trust (1.36%). Company insiders that own CNB Financial stock include Dennis L Merrey, Francis X Straub III, Jeffrey S Powell, 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, LSV Asset Management, EJF Capital LLC, Bowling Portfolio Management LLC and Martingale Asset Management L P. Company insiders that have sold CNB Financial company stock in the last year include Joel E Peterson and Mark D Breakey. View Insider Buying and Selling for CNB Financial.

Which institutional investors are buying CNB Financial stock?

CCNE stock was purchased by a variety of institutional investors in the last quarter, including Maltese Capital Management LLC, Dimensional Fund Advisors LP, Renaissance Technologies LLC, Royce & Associates LP, Emerald Mutual Fund Advisers Trust, Wells Fargo & Company MN, BlackRock Inc. and Citadel Advisors LLC. 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 $25.52.

How big of a company is CNB Financial?

CNB Financial has a market capitalization of $399.94 million and generates $130.31 million in revenue each year. The bank earns $23.86 million in net income (profit) each year or $1.77 on an earnings per share basis. CNB Financial employs 528 workers across the globe.

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:  2.4 out of 5 (star star)
Outperform Votes:  158 (Vote Outperform)
Underperform Votes:  175 (Vote Underperform)
Total Votes:  333
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 11/20/2018 by MarketBeat.com Staff

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