Barclays PLC Buys 20,182 Shares of CNB Financial Co. (NASDAQ:CCNE)

Barclays PLC boosted its holdings in shares of CNB Financial Co. (NASDAQ:CCNE - Free Report) by 274.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,528 shares of the bank's stock after purchasing an additional 20,182 shares during the period. Barclays PLC owned 0.13% of CNB Financial worth $663,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in shares of CNB Financial by 16.7% in the second quarter. American Century Companies Inc. now owns 357,127 shares of the bank's stock valued at $7,289,000 after buying an additional 51,080 shares in the last quarter. Unison Advisors LLC acquired a new stake in CNB Financial in the 3rd quarter valued at about $692,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of CNB Financial in the third quarter worth about $640,000. Dimensional Fund Advisors LP lifted its position in shares of CNB Financial by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 944,685 shares of the bank's stock worth $19,280,000 after purchasing an additional 24,666 shares in the last quarter. Finally, Beese Fulmer Investment Management Inc. acquired a new position in shares of CNB Financial during the third quarter worth approximately $226,000. Institutional investors own 52.35% of the company's stock.

CNB Financial Trading Up 1.3 %

CNB Financial stock traded up $0.32 during trading hours on Friday, reaching $24.31. 107,018 shares of the company's stock traded hands, compared to its average volume of 96,393. The firm has a market capitalization of $510.27 million, a price-to-earnings ratio of 10.39 and a beta of 0.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.94 and a current ratio of 0.95. CNB Financial Co. has a fifty-two week low of $17.74 and a fifty-two week high of $29.29. The firm's 50 day moving average is $26.37 and its 200-day moving average is $24.63.

CNB Financial (NASDAQ:CCNE - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The bank reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. CNB Financial had a net margin of 14.90% and a return on equity of 10.13%. The business had revenue of $94.21 million for the quarter, compared to analyst estimates of $55.40 million. On average, analysts predict that CNB Financial Co. will post 2.3 earnings per share for the current year.

CNB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Friday, November 29th. CNB Financial's dividend payout ratio (DPR) is currently 30.77%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CCNE. Keefe, Bruyette & Woods lowered their price target on shares of CNB Financial from $30.00 to $28.00 and set a "market perform" rating for the company in a report on Monday. StockNews.com cut CNB Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th.

CNB Financial Profile

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.