Barclays PLC Has $663,000 Holdings in CNB Financial Co. (NASDAQ:CCNE)

Barclays PLC grew its position in CNB Financial Co. (NASDAQ:CCNE - Free Report) by 274.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,528 shares of the bank's stock after acquiring an additional 20,182 shares during the period. Barclays PLC owned 0.13% of CNB Financial worth $663,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CCNE. Bank of New York Mellon Corp raised its position in CNB Financial by 3.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 132,168 shares of the bank's stock worth $2,698,000 after purchasing an additional 4,973 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of CNB Financial by 131.1% during the second quarter. Acadian Asset Management LLC now owns 9,276 shares of the bank's stock worth $188,000 after acquiring an additional 5,263 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of CNB Financial by 16.7% during the second quarter. American Century Companies Inc. now owns 357,127 shares of the bank's stock valued at $7,289,000 after acquiring an additional 51,080 shares during the period. Dimensional Fund Advisors LP boosted its holdings in CNB Financial by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 944,685 shares of the bank's stock valued at $19,280,000 after acquiring an additional 24,666 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in CNB Financial by 5.7% in the second quarter. AQR Capital Management LLC now owns 10,543 shares of the bank's stock worth $215,000 after purchasing an additional 568 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

CNB Financial Trading Down 1.3 %

CNB Financial stock traded down $0.33 during mid-day trading on Thursday, hitting $24.53. 43,754 shares of the company's stock were exchanged, compared to its average volume of 46,967. CNB Financial Co. has a fifty-two week low of $17.74 and a fifty-two week high of $29.29. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $514.98 million, a P/E ratio of 10.48 and a beta of 0.70. The company's 50 day simple moving average is $26.83 and its 200-day simple moving average is $24.31.

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

CNB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Friday, November 29th. CNB Financial's payout ratio is presently 30.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their price target on shares of CNB Financial from $27.00 to $30.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com lowered shares of CNB Financial from a "buy" rating to a "hold" rating in a report 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.