Chicago Equity Partners LLC bought a new stake in CNB Financial Corp (NASDAQ:CCNE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,225 shares of the bank’s stock, valued at approximately $321,000.

Several other large investors have also made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of CNB Financial by 2.0% in the second quarter. Wells Fargo & Company MN now owns 11,175 shares of the bank’s stock valued at $268,000 after buying an additional 217 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of CNB Financial by 8.6% in the second quarter. Voya Investment Management LLC now owns 12,661 shares of the bank’s stock valued at $303,000 after buying an additional 1,001 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of CNB Financial by 16.8% in the second quarter. The Manufacturers Life Insurance Company now owns 14,297 shares of the bank’s stock valued at $343,000 after buying an additional 2,061 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of CNB Financial by 10.9% in the second quarter. California Public Employees Retirement System now owns 41,700 shares of the bank’s stock valued at $1,000,000 after buying an additional 4,100 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of CNB Financial by 41.1% in the second quarter. Alliancebernstein L.P. now owns 15,440 shares of the bank’s stock valued at $370,000 after buying an additional 4,500 shares in the last quarter. Institutional investors own 41.46% of the company’s stock.

Shares of CNB Financial Corp (CCNE) opened at $26.82 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $409.40, a PE ratio of 15.15 and a beta of 0.83. CNB Financial Corp has a 12-month low of $20.91 and a 12-month high of $29.76.

In other news, Director Francis X. Straub III acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average cost of $26.91 per share, for a total transaction of $26,910.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.40% of the stock is owned by company insiders.

CCNE has been the subject of a number of research reports. Boenning Scattergood restated a “buy” rating on shares of CNB Financial in a research note on Friday, October 20th. Zacks Investment Research upgraded CNB Financial from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a research note on Tuesday, January 2nd. BidaskClub lowered CNB Financial from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 3rd. Finally, ValuEngine lowered CNB Financial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 14th.

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CNB Financial Profile

CNB Financial Corporation is a financial holding company. The Company is the holding company of CNB Bank (the Bank); CNB Securities Corporation, which maintains investments in debt and equity securities; CNB Insurance Agency, which provides for the sale of nonproprietary annuities and other insurance products, and Holiday Financial Services Corporation, which offers small balance unsecured loans and secured loans, primarily collateralized by automobiles and equipment.

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Institutional Ownership by Quarter for CNB Financial (NASDAQ:CCNE)

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