Somewhat Favorable Press Coverage Somewhat Unlikely to Affect CNB Financial (CCNE) Stock Price
News coverage about CNB Financial (NASDAQ:CCNE) has been trending somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. CNB Financial earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 45.7715942816328 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of CNB Financial stock opened at $30.80 on Friday. The stock has a market cap of $454.44 million, a PE ratio of 17.40 and a beta of 0.75. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.37. CNB Financial has a twelve month low of $29.61 and a twelve month high of $29.70.
CNB Financial (NASDAQ:CCNE) last issued its quarterly earnings data on Monday, April 16th. The bank reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.02). The firm had revenue of $28.85 million for the quarter, compared to analysts’ expectations of $28.62 million. CNB Financial had a net margin of 18.33% and a return on equity of 11.29%. analysts anticipate that CNB Financial will post 2.13 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on the company. BidaskClub upgraded CNB Financial from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 14th. Boenning Scattergood restated a “buy” rating and set a $29.50 price objective on shares of CNB Financial in a research report on Monday, February 5th. ValuEngine upgraded CNB Financial from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. Zacks Investment Research lowered CNB Financial from a “buy” rating to a “sell” rating in a research report on Tuesday, February 20th. Finally, Keefe, Bruyette & Woods assumed coverage on CNB Financial in a research report on Tuesday, April 10th. They set a “market perform” rating and a $35.00 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. CNB Financial currently has an average rating of “Hold” and an average target price of $31.50.
In other news, Director Joel E. Peterson sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $30.21, for a total transaction of $60,420.00. Following the completion of the transaction, the director now owns 7,751 shares in the company, valued at $234,157.71. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 2,414 shares of company stock valued at $72,624. Company insiders own 4.20% of the company’s stock.
About CNB Financial
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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