Cincinnati Bancorp (NASDAQ:CNNB) Trading 0.6% Higher

Cincinnati Bancorp, Inc. (NASDAQ:CNNBGet Rating) traded up 0.6% during trading on Tuesday . The stock traded as high as $16.58 and last traded at $16.50. 400 shares changed hands during trading, a decline of 93% from the average session volume of 5,549 shares. The stock had previously closed at $16.40.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded shares of Cincinnati Bancorp from a “c+” rating to a “b” rating in a research note on Wednesday, November 30th.

Cincinnati Bancorp Price Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.14 and a current ratio of 1.17. The firm’s 50 day moving average is $15.81 and its 200 day moving average is $15.18.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cincinnati Bancorp stock. Alliancebernstein L.P. boosted its stake in shares of Cincinnati Bancorp, Inc. (NASDAQ:CNNBGet Rating) by 20.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 86,776 shares of the company’s stock after purchasing an additional 14,749 shares during the period. Alliancebernstein L.P. owned approximately 3.00% of Cincinnati Bancorp worth $1,313,000 at the end of the most recent reporting period. Institutional investors own 18.73% of the company’s stock.

Cincinnati Bancorp Company Profile

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Cincinnati Bancorp, Inc is a bank holding company, which engages in the provision of personal banking, lending, and business banking services. It operates principally through its wholly-owned subsidiary, Cincinnati Federal. The company was founded in 1922 and is headquartered in Cincinnati, OH.

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