CNB Financial Corp (NASDAQ:CCNE) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a 12 month consensus price target of $25.25 for the company and are expecting that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also assigned CNB Financial Corp an industry rank of 56 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of CNB Financial Corp from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Independent Advisor Alliance bought a new position in CNB Financial Corp during the fourth quarter valued at $121,000. Vantage Investment Advisors LLC boosted its position in CNB Financial Corp by 6.9% in the third quarter. Vantage Investment Advisors LLC now owns 7,699 shares of the bank’s stock valued at $163,000 after buying an additional 499 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in CNB Financial Corp during the fourth quarter valued at $210,000. S&T Bank PA bought a new position in CNB Financial Corp during the fourth quarter valued at $246,000. Finally, Prudential Financial Inc. boosted its position in CNB Financial Corp by 5.0% in the third quarter. Prudential Financial Inc. now owns 29,660 shares of the bank’s stock valued at $628,000 after buying an additional 1,420 shares in the last quarter. 34.70% of the stock is currently owned by hedge funds and other institutional investors.
CNB Financial Corp (NASDAQ:CCNE) opened at 24.61 on Friday. The firm’s 50-day moving average price is $24.11 and its 200 day moving average price is $24.17. The company has a market capitalization of $366.52 million, a price-to-earnings ratio of 16.38 and a beta of 0.89. CNB Financial Corp has a 12-month low of $17.07 and a 12-month high of $28.43.
CNB Financial Corp Company Profile
CNB Financial Corporation is a financial holding company. The Company is the holding company of CNB Bank (the Bank); CNB Securities Corporation, which maintains investments in debt and equity securities; CNB Insurance Agency, which provides for the sale of nonproprietary annuities and other insurance products, and Holiday Financial Services Corporation, which offers small balance unsecured loans and secured loans, primarily collateralized by automobiles and equipment.
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