Schwab Charles Investment Management Inc. maintained its position in shares of CNB Financial Corporation (NASDAQ:CCNE) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 20,700 shares of the bank’s stock at the close of the second quarter. Schwab Charles Investment Management Inc. owned approximately 0.14% of CNB Financial Corporation worth $497,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Prudential Financial Inc. grew its position in shares of CNB Financial Corporation by 1.3% during the 1st quarter. Prudential Financial Inc. now owns 35,500 shares of the bank’s stock worth $848,000 after buying an additional 440 shares during the period. Alliancebernstein L.P. grew its position in shares of CNB Financial Corporation by 4.8% during the 1st quarter. Alliancebernstein L.P. now owns 10,940 shares of the bank’s stock worth $261,000 after buying an additional 500 shares during the period. American International Group Inc. grew its position in shares of CNB Financial Corporation by 7.4% during the 1st quarter. American International Group Inc. now owns 8,543 shares of the bank’s stock worth $204,000 after buying an additional 585 shares during the period. Strs Ohio grew its position in shares of CNB Financial Corporation by 6.1% during the 2nd quarter. Strs Ohio now owns 27,800 shares of the bank’s stock worth $666,000 after buying an additional 1,600 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of CNB Financial Corporation by 13.6% during the 1st quarter. California Public Employees Retirement System now owns 37,600 shares of the bank’s stock worth $898,000 after buying an additional 4,500 shares during the period. Institutional investors own 42.30% of the company’s stock.

CNB Financial Corporation (NASDAQ CCNE) opened at $28.55 on Friday. The stock has a market capitalization of $436.39, a PE ratio of 16.89 and a beta of 0.87. CNB Financial Corporation has a 12-month low of $19.81 and a 12-month high of $29.76. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.20.

CNB Financial Corporation (NASDAQ:CCNE) last posted its earnings results on Thursday, October 19th. The bank reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.08. CNB Financial Corporation had a return on equity of 11.13% and a net margin of 20.28%. The company had revenue of $28.55 million during the quarter, compared to analyst estimates of $28.52 million. equities research analysts predict that CNB Financial Corporation will post 1.67 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded CNB Financial Corporation from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research report on Monday, October 23rd. Boenning Scattergood restated a “buy” rating on shares of CNB Financial Corporation in a research report on Friday, October 20th. Finally, BidaskClub lowered CNB Financial Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st.

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About CNB Financial Corporation

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.

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

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