CNB Financial (NASDAQ:CCNE) Now Covered by Stephens

Stephens started coverage on shares of CNB Financial (NASDAQ:CCNE - Free Report) in a research report report published on Monday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $26.50 price objective on the bank's stock.

CCNE has been the topic of a number of other research reports. Keefe, Bruyette & Woods reduced their target price on CNB Financial from $30.00 to $28.00 and set a "market perform" rating on the stock in a research note on Monday, January 13th. StockNews.com lowered shares of CNB Financial from a "buy" rating to a "hold" rating in a report on Friday, February 14th.

CNB Financial Trading Up 0.6 %

NASDAQ:CCNE traded up $0.13 during mid-day trading on Monday, hitting $21.37. 90,927 shares of the stock traded hands, compared to its average volume of 58,335. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.19. CNB Financial has a 52 week low of $18.03 and a 52 week high of $29.29. The stock has a market capitalization of $448.34 million, a price-to-earnings ratio of 8.98 and a beta of 0.53. The firm's 50 day moving average is $23.02 and its two-hundred day moving average is $24.80.

CNB Financial (NASDAQ:CCNE - Get Free Report) last released its earnings results on Monday, April 14th. The bank reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.04. CNB Financial had a return on equity of 10.24% and a net margin of 14.97%. The firm had revenue of $57.55 million for the quarter, compared to analysts' expectations of $54.05 million. On average, equities research analysts predict that CNB Financial will post 2.04 earnings per share for the current year.

CNB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Friday, February 28th. CNB Financial's dividend payout ratio (DPR) is presently 30.90%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in CNB Financial by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,011,205 shares of the bank's stock valued at $25,139,000 after purchasing an additional 33,424 shares during the last quarter. Geode Capital Management LLC lifted its position in CNB Financial by 2.0% during the third quarter. Geode Capital Management LLC now owns 474,032 shares of the bank's stock valued at $11,408,000 after acquiring an additional 9,359 shares during the last quarter. American Century Companies Inc. boosted its holdings in CNB Financial by 13.3% in the fourth quarter. American Century Companies Inc. now owns 455,640 shares of the bank's stock valued at $11,327,000 after purchasing an additional 53,661 shares during the last quarter. State Street Corp raised its stake in shares of CNB Financial by 2.2% during the 3rd quarter. State Street Corp now owns 424,579 shares of the bank's stock valued at $10,215,000 after buying an additional 8,942 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of CNB Financial by 35.8% in the 4th quarter. Ameriprise Financial Inc. now owns 298,954 shares of the bank's stock valued at $7,432,000 after buying an additional 78,874 shares during the period. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

About CNB Financial

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.