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

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$31.27 -0.10 (-0.32 %)
(As of 08/17/2018 04:00 PM ET)
Previous Close$31.37
Today's Range$31.08 - $31.37
52-Week Range$23.50 - $32.86
Volume23,400 shs
Average Volume22,424 shs
Market Capitalization$475.38 million
P/E Ratio17.72
Dividend Yield2.14%
Beta0.77
CNB Financial logoCNB 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
SymbolNASDAQ:CCNE
CUSIP12612810
Phone814-765-9621

Debt

Debt-to-Equity Ratio1.31
Current Ratio0.98
Quick Ratio0.98

Price-To-Earnings

Trailing P/E Ratio17.72
Forward P/E Ratio14.28
P/E GrowthN/A

Sales & Book Value

Annual Sales$130.31 million
Price / Sales3.67
Cash Flow$2.0332 per share
Price / Cash15.38
Book Value$15.96 per share
Price / Book1.96

Profitability

EPS (Most Recent Fiscal Year)$1.77
Net Income$23.86 million
Net Margins18.85%
Return on Equity11.90%
Return on Assets1.02%

Miscellaneous

Employees528
Outstanding Shares15,280,000
Market Cap$475.38 million

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 Tuesday, August 14th. Stockholders of record on Friday, August 31st will be paid a dividend of $0.17 per share on Friday, September 14th. This represents a $0.68 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Thursday, August 30th. This is an increase from CNB Financial's previous quarterly dividend of $0.17. 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 Friday, July, 20th. The bank reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.03. The bank earned $31.43 million during the quarter, compared to analyst estimates of $29.91 million. CNB Financial had a return on equity of 11.90% and a net margin of 18.85%. 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 Thursday, October, 18th 2018. View Earnings Estimates for CNB Financial.

What price target have analysts set for CCNE?

2 Wall Street analysts have issued 12-month price targets for CNB Financial's stock. Their forecasts range from $29.50 to $35.00. On average, they anticipate CNB Financial's stock price to reach $32.25 in the next year. This suggests a possible upside of 3.1% 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. " (7/24/2018)
  • 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)

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. Brian William Wingard, Exec. VP, CFO & Treasurer (Age 44)
  • Mr. Joseph B. Bower Jr., Director (Age 54)
  • Mr. Mark D. Breakey, Sr. EVP & Chief Credit Officer (Age 59)
  • Mr. Joseph E. Dell Jr., Sr. EVP & Chief Commercial Banking Officer (Age 61)
  • Mr. Richard L. Greslick Jr., Sec. & Director (Age 41)

Has CNB Financial been receiving favorable news coverage?

News stories about CCNE stock have been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CNB Financial earned a daily sentiment score of 0.14 on Accern's scale. They also gave news articles about the bank an impact score of 49.50 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for CNB Financial.

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 BlackRock Inc. (4.88%), Royce & Associates LP (4.73%), Dimensional Fund Advisors LP (3.33%), Renaissance Technologies LLC (1.63%), LSV Asset Management (1.13%) and EJF Capital LLC (0.69%). Company insiders that own CNB Financial stock include Dennis L Merrey, Francis X Straub III, Jeffrey S Powell, Joel E Peterson, Mark D Breakey and Nicholas N Jr Scott. View Institutional Ownership Trends for CNB Financial.

Which major investors are selling CNB Financial stock?

CCNE stock was sold by a variety of institutional investors in the last quarter, including Martingale Asset Management L P, EJF Capital LLC, Royce & Associates LP, Bessemer Group Inc., Bank of New York Mellon Corp and Bowling Portfolio Management LLC. 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 major 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, BlackRock Inc., LSV Asset Management, Maltese Capital Management LLC, Renaissance Technologies LLC and First Trust Advisors LP. Company insiders that have bought CNB Financial stock in the last two years include Francis X Straub III 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 $31.27.

How big of a company is CNB Financial?

CNB Financial has a market capitalization of $475.38 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.

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:  126 (Vote Outperform)
Underperform Votes:  142 (Vote Underperform)
Total Votes:  268
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 8/17/2018 by MarketBeat.com Staff

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