CNB Financial (NASDAQ:CCNE)‘s stock had its “outperform” rating restated by equities research analysts at Boenning Scattergood in a research report issued on Thursday, June 20th, Zacks.com reports.
Several other equities analysts also recently weighed in on the company. ValuEngine raised Alleghany from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Zacks Investment Research raised HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Finally, BidaskClub raised YY from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 30th.
CCNE stock traded up $0.34 during midday trading on Thursday, reaching $27.24. The stock had a trading volume of 13,548 shares, compared to its average volume of 18,186. CNB Financial has a 52-week low of $21.43 and a 52-week high of $32.41. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.19. The firm has a fifty day moving average price of $26.61. The stock has a market cap of $415.11 million, a P/E ratio of 12.33 and a beta of 0.98.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of CNB Financial by 2.2% during the fourth quarter. BlackRock Inc. now owns 771,260 shares of the bank’s stock worth $17,701,000 after buying an additional 16,570 shares in the last quarter. Royce & Associates LP lifted its stake in CNB Financial by 1.6% during the first quarter. Royce & Associates LP now owns 711,224 shares of the bank’s stock worth $17,973,000 after purchasing an additional 11,131 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in CNB Financial by 5.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 560,546 shares of the bank’s stock worth $12,864,000 after purchasing an additional 28,236 shares during the last quarter. Stifel Financial Corp lifted its stake in CNB Financial by 5.8% during the fourth quarter. Stifel Financial Corp now owns 195,703 shares of the bank’s stock worth $4,497,000 after purchasing an additional 10,687 shares during the last quarter. Finally, LSV Asset Management lifted its stake in CNB Financial by 2.2% during the first quarter. LSV Asset Management now owns 150,480 shares of the bank’s stock worth $3,802,000 after purchasing an additional 3,285 shares during the last quarter. 43.89% of the stock is owned by institutional investors and hedge funds.
CNB Financial Company 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.
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