CNB Financial Co. (NASDAQ:CCNE – Get Rating) COO Michael D. Peduzzi acquired 2,500 shares of the firm’s stock in a transaction dated Friday, April 22nd. The stock was bought at an average price of $26.75 per share, with a total value of $66,875.00. Following the completion of the acquisition, the chief operating officer now directly owns 13,845 shares of the company’s stock, valued at $370,353.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of NASDAQ:CCNE traded down $0.18 during mid-day trading on Monday, hitting $26.05. The stock had a trading volume of 649 shares, compared to its average volume of 27,452. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $440.53 million, a P/E ratio of 8.05 and a beta of 0.92. CNB Financial Co. has a 12-month low of $22.08 and a 12-month high of $28.59. The firm’s 50 day simple moving average is $26.23.
CNB Financial (NASDAQ:CCNE – Get Rating) last issued its quarterly earnings results on Monday, April 18th. The bank reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.09. CNB Financial had a net margin of 27.16% and a return on equity of 15.51%. As a group, equities research analysts anticipate that CNB Financial Co. will post 3.31 EPS for the current fiscal year.
CCNE has been the subject of several recent research reports. Zacks Investment Research raised shares of CNB Financial from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Wednesday, April 20th. StockNews.com initiated coverage on shares of CNB Financial in a research note on Thursday, March 31st. They set a “buy” rating for the company.
Institutional investors have recently added to or reduced their stakes in the business. BHZ Capital Management LP increased its stake in CNB Financial by 17.6% in the 4th quarter. BHZ Capital Management LP now owns 46,709 shares of the bank’s stock valued at $1,238,000 after buying an additional 6,997 shares during the period. Pekin Hardy Strauss Inc. acquired a new position in CNB Financial in the 3rd quarter valued at approximately $2,239,000. Two Sigma Advisers LP increased its stake in CNB Financial by 12.0% in the 3rd quarter. Two Sigma Advisers LP now owns 43,837 shares of the bank’s stock valued at $1,067,000 after buying an additional 4,700 shares during the period. American Century Companies Inc. increased its stake in CNB Financial by 14.1% in the 3rd quarter. American Century Companies Inc. now owns 39,824 shares of the bank’s stock valued at $969,000 after buying an additional 4,933 shares during the period. Finally, Barclays PLC increased its stake in CNB Financial by 222.9% in the 3rd quarter. Barclays PLC now owns 6,572 shares of the bank’s stock valued at $159,000 after buying an additional 4,537 shares during the period. Hedge funds and other institutional investors own 41.95% of the company’s stock.
About CNB Financial (Get Rating)
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.
- Get a free copy of the StockNews.com research report on CNB Financial (CCNE)
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