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

$31.35
-0.16 (-0.51 %)
(As of 01/22/2020 07:08 AM ET)
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Today's Range
$31.14
Now: $31.35▼
$31.62
50-Day Range
$31.10
MA: $32.22▼
$33.33
52-Week Range
$23.40
Now: $31.35▼
$33.78
Volume17,972 shs
Average Volume13,810 shs
Market Capitalization$476.52 million
P/E Ratio12.39
Dividend Yield2.16%
Beta0.98
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

Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:CCNE
Previous Symbol
CUSIP12612810
CIK736772
Webhttp://www.cnbbank.bank/
Phone814-765-9621

Debt

Debt-to-Equity Ratio1.07
Current Ratio0.96
Quick Ratio0.96

Price-To-Earnings

Trailing P/E Ratio12.39
Forward P/E Ratio11.92
P/E GrowthN/A

Sales & Book Value

Annual Sales$152.59 million
Price / Sales3.12
Cash Flow$2.48 per share
Price / Cash Flow12.65
Book Value$17.24 per share
Price / Book1.82

Profitability

EPS (Most Recent Fiscal Year)$2.21
Net Income$33.72 million
Net Margins22.01%
Return on Equity13.75%
Return on Assets1.15%

Miscellaneous

Employees505
Outstanding Shares15,200,000
Market Cap$476.52 million
Next Earnings Date1/27/2020 (Estimated)
OptionableOptionable

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NASDAQ:CCNE Rates by TradingView

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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 announced a quarterly dividend on Wednesday, November 20th. Stockholders of record on Saturday, November 30th will be given a dividend of $0.17 per share on Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Wednesday, November 27th. 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 data on Thursday, October, 17th. The bank reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.63 by $0.05. The bank earned $36.18 million during the quarter, compared to analysts' expectations of $35.52 million. CNB Financial had a return on equity of 13.75% 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?

2 brokerages have issued 1 year target prices for CNB Financial's shares. 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 year. This suggests that the stock has a possible downside of 1.1%. 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 2 buy ratings 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. " (1/17/2020)
  • 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?

Media coverage about CCNE stock has been trending somewhat negative this week, InfoTrie Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. CNB Financial earned a media sentiment score of -1.5 on InfoTrie's scale. They also gave media headlines about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for CNB Financial.

Are investors shorting CNB Financial?

CNB Financial saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 74,500 shares, a decrease of 11.1% from the December 15th total of 83,800 shares. Based on an average trading volume of 23,600 shares, the days-to-cover ratio is presently 3.2 days. Currently, 0.5% of the shares of the company are short sold. 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 Walgreens Boots Alliance (WBA), Broadcom (AVGO), Methanex (MEOH), AbbVie (ABBV), Enterprise Products Partners (EPD), General Motors (GM), Domtar (UFS), Vermilion Energy (VET), Cimpress (CMPR) and Cognizant Technology Solutions (CTSH).

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 Bowling Portfolio Management LLC (0.21%), Wedge Capital Management L L P NC (0.19%) and Boenning & Scattergood Inc. (0.04%). 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 Bowling Portfolio Management LLC. 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 Boenning & Scattergood Inc. and Wedge Capital Management L L P NC. 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 $31.35.

How big of a company is CNB Financial?

CNB Financial has a market capitalization of $476.52 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:  225 (Vote Outperform)
Underperform Votes:  267 (Vote Underperform)
Total Votes:  492
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 1/22/2020 by MarketBeat.com Staff

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