Shares of CNB Financial Corp (NASDAQ:CCNE) have earned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokerages have set a 1 year consensus price objective of $34.25 for the company and are expecting that the company will post $0.57 earnings per share for the current quarter, according to Zacks. Zacks has also given CNB Financial an industry rank of 160 out of 255 based on the ratings given to its competitors.

A number of equities research analysts have weighed in on the company. BidaskClub lowered CNB Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 28th. Boenning Scattergood reaffirmed a “buy” rating on shares of CNB Financial in a report on Tuesday, April 17th. Zacks Investment Research lowered CNB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, ValuEngine lowered CNB Financial from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd.

CCNE traded down $0.05 during trading on Tuesday, reaching $31.10. The company’s stock had a trading volume of 17,466 shares, compared to its average volume of 12,522. CNB Financial has a 52-week low of $23.50 and a 52-week high of $32.86. The firm has a market capitalization of $476.15 million, a PE ratio of 16.31 and a beta of 0.77. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.37.

CNB Financial (NASDAQ:CCNE) last announced its quarterly earnings data on Friday, July 20th. The bank reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. CNB Financial had a return on equity of 11.97% and a net margin of 18.85%. The company had revenue of $31.43 million for the quarter, compared to analyst estimates of $29.91 million. sell-side analysts predict that CNB Financial will post 2.19 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in shares of CNB Financial during the 1st quarter worth approximately $112,000. Macquarie Group Ltd. purchased a new stake in shares of CNB Financial during the 4th quarter worth approximately $129,000. MetLife Investment Advisors LLC purchased a new stake in shares of CNB Financial during the 4th quarter worth approximately $178,000. Mackay Shields LLC purchased a new stake in shares of CNB Financial during the 1st quarter worth approximately $223,000. Finally, Chicago Equity Partners LLC boosted its stake in shares of CNB Financial by 66.8% during the 1st quarter. Chicago Equity Partners LLC now owns 20,395 shares of the bank’s stock worth $593,000 after acquiring an additional 8,170 shares in the last quarter. 44.08% of the stock is currently owned by institutional investors.

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. It 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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