CNB Financial（纳斯达克股票代码：CNE）Zacks Investment Research被削减为“持有”

Zacks Investment Research cut shares ofCNB Financial (NASDAQ:CCNE)from a buy rating to a hold rating in a report issued on Tuesday morning, Zacks.com reports.

According to Zacks, “CNB Financial Corporation is a bank holding company headquartered in Clearfield, PA. It conducts business principally through County National Bank whose market area includes twenty convenient office locations in Pennsylvania. “Get CNB Financial alerts:

CCNE has been the topic of several other reports. BidaskClub upgraded shares of CNB Financial from a hold rating to a buy rating in a report on Tuesday, October 27th. TheStreet upgraded shares of CNB Financial from a c rating to a b- rating in a report on Thursday, October 29th. Boenning Scattergood started coverage on CNB Financial in a research report on Friday, October 2nd. They issued an outperform rating for the company. Finally, ValuEngine raised CNB Financial from a sell rating to a hold rating in a research report on Friday, October 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. CNB Financial presently has an average rating of Buy and a consensus target price of $22.00.

NASDAQ CCNE opened at $20.79 on Tuesday. CNB Financial has a 52 week low of $13.25 and a 52 week high of $33.68. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. The business’s fifty day simple moving average is $20.14 and its 200-day simple moving average is $17.67. The firm has a market cap of $349.96 million, a PE ratio of 9.16 and a beta of 0.95.

CNB Financial (NASDAQ:CCNE) last posted its quarterly earnings results on Tuesday, October 20th. The bank reported $0.70 EPS for the quarter, topping the consensus estimate of $0.43 by $0.27. CNB Financial had a return on equity of 11.98% and a net margin of 18.79%. The business had revenue of $41.44 million for the quarter, compared to analyst estimates of $41.50 million. Research analysts expect that CNB Financial will post 2.36 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, November 30th. This represents a $0.68 annualized dividend and a yield of 3.27%. CNB Financial’s dividend payout ratio is currently 25.86%.

In related news, Director Francis X. Straub III purchased 7,000 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The shares were purchased at an average cost of $14.26 per share, for a total transaction of $99,820.00. Following the purchase, the director now directly owns 28,766 shares of the company’s stock, valued at $410,203.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 8,876 shares of company stock worth $137,516 over the last quarter. 2.97% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of CCNE. Nisa Investment Advisors LLC acquired a new position in CNB Financial in the third quarter valued at $39,000. Great West Life Assurance Co. Can boosted its holdings in shares of CNB Financial by 120.7% in the third quarter. Great West Life Assurance Co. Can now owns 2,165 shares of the bank’s stock valued at $39,000 after acquiring an additional 1,184 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of CNB Financial by 427.4% in the third quarter. BNP Paribas Arbitrage SA now owns 3,576 shares of the bank’s stock valued at $53,000 after acquiring an additional 2,898 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of CNB Financial in the third quarter valued at about $53,000. Finally, State of Tennessee Treasury Department purchased a new stake in shares of CNB Financial in the second quarter valued at about $156,000. Institutional investors own 36.24% of the company’s stock.

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.

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