CNB Financial (CCNE) Stock Price, News & Analysis

Company Overview

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. It also provides private banking; and wealth and asset management services, including the administration of trusts and estates, retirement plans, and other employee benefit plans, as well as a range of wealth management services. In addition, the company invests in debt and equity securities; sells nonproprietary annuities and other insurance products; and offers small balance unsecured loans and secured loans primarily collateralized by automobiles and equipment, as well as engages in consumer discount loan and finance business. The company was founded in 1865 and is headquartered in Clearfield, Pennsylvania.

Key Stats

• Today's Range: $27.40 to $27.93
• 50-Day Range: $22.40 to $29.25
• 52-Week Range: $17.74 to $29.29
• Volume: 7,776 shs
• Average Volume: 46,523 shs
• Market Capitalization: $586.25 million
• P/E Ratio: 11.94
• Dividend Yield: 2.58%
• Price Target: $22.00
• Consensus Rating: Hold

CNB Financial Stock Analysis - MarketRank™

CNB Financial scored higher than 77% of companies evaluated by MarketBeat, and ranked 309th out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

CNB Financial has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

CNB Financial has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 8.70%

Earnings Growth

Earnings for CNB Financial are expected to grow by 8.70% in the coming year, from $2.30 to $2.50 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of CNB Financial is 11.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of CNB Financial is 11.94, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.38.

Price to Book Value per Share Ratio

CNB Financial has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.35% of the outstanding shares of CNB Financial have been sold short.

Short Interest Ratio / Days to Cover

CNB Financial has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CNB Financial has recently increased by 24.79%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

CNB Financial pays a meaningful dividend of 2.61%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

CNB Financial does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of CNB Financial is 30.77%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, CNB Financial will have a dividend payout ratio of 28.80% next year. This indicates that CNB Financial will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.6 / 5
• Environmental Score: -0.57

Percentage of Shares Shorted

0.35% of the outstanding shares of CNB Financial have been sold short.

Short Interest Ratio / Days to Cover

CNB Financial has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CNB Financial has recently increased by 24.79%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.96

News Sentiment

CNB Financial has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for CNB Financial this week, compared to 1 article on an average week.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, CNB Financial insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.83% of the stock of CNB Financial is held by insiders.

Percentage Held by Institutions

52.35% of the stock of CNB Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CCNE Stock Analysis - Frequently Asked Questions

How have CCNE shares performed this year?

CNB Financial's stock was trading at $22.59 on January 1st, 2024. Since then, CCNE stock has increased by 23.6% and is now trading at $27.93.
View the best growth stocks for 2024 here.

How were CNB Financial's earnings last quarter?

CNB Financial Co. (NASDAQ:CCNE) issued its quarterly earnings results on Monday, October, 21st. The bank reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.04. The bank had revenue of $94.21 million for the quarter, compared to analyst estimates of $55.40 million. CNB Financial had a net margin of 14.90% and a trailing twelve-month return on equity of 10.13%.

Who are CNB Financial's major shareholders?

Top institutional investors of CNB Financial include Wellington Management Group LLP (4.28%), Banc Funds Co. LLC (2.29%), Geode Capital Management LLC (2.26%) and State Street Corp (2.02%). Insiders that own company stock include Jeffrey S Powell, Peter F Smith, Deborah Dick Pontzer, Nicholas N Jr Scott, Mary Ann Conaway, Tito L Lima, Francis X Straub III, Julie M Young, N Michael Obi, Renee Richard, Heather J Koptchak and Joel E Peterson.
View institutional ownership trends.

How do I buy shares of CNB Financial?

Shares of CCNE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of CNB Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CNB Financial investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), Broadcom (AVGO), Tesla (TSLA) and JPMorgan Chase & Co. (JPM).

Company Calendar

• Ex-Dividend for 9/13 Dividend: 8/30/2024
• Dividend Payable: 9/13/2024
• Last Earnings: 10/21/2024
• Today: 11/21/2024
• Ex-Dividend for 12/13 Dividend: 11/29/2024
• Dividend Payable: 12/13/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/28/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:CCNE
• CUSIP: 12612810
• CIK: 736772
• Web: www.cnbbank.bank
• Phone: (814) 765-9621
• Fax: 814-765-9621
• Employees: 765
• Year Founded: 1865

Price Target and Rating

• Average Stock Price Target: $22.00
• High Stock Price Target: $22.00
• Low Stock Price Target: $22.00
• Potential Upside/Downside: -19.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.34
• Trailing P/E Ratio: 11.73
• Forward P/E Ratio: 11.93
• P/E Growth: N/A
• Net Income: $58.02 million
• Net Margins: 14.90%
• Pretax Margin: 18.35%
• Return on Equity: 10.13%
• Return on Assets: 0.91%

Debt

• Debt-to-Equity Ratio: 0.19
• Current Ratio: 0.95
• Quick Ratio: 0.94

Sales & Book Value

• Annual Sales: $220.04 million
• Price / Sales: 2.62
• Cash Flow: $2.99 per share
• Price / Cash Flow: 9.18
• Book Value: $24.57 per share
• Price / Book: 1.12

Miscellaneous

• Outstanding Shares: 20,994,000
• Free Float: 20,387,000
• Market Cap: $576.08 million
• Optionable: Optionable
• Beta: 0.68