CNB Financial CorpCCNE
CCNE
About: CNB Financial Corp is providing integrated financial solutions, which create value for both consumers and businesses. These solutions encompass deposit accounts, private banking, real estate, commercial, industrial, residential and consumer loans and lines of credit, credit cards, treasury services, online banking, mobile banking, merchant credit card processing, remote deposit and accounts receivable handling. In addition, the corporation provides wealth and asset management services, retirement plans and other employee benefit plans.
Employees: 801
0
Funds holding %
of 6,815 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
500% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 3
19% more capital invested
Capital invested by funds: $248M [Q2] → $294M (+$46.1M) [Q3]
16% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 32
14% more funds holding
Funds holding: 97 [Q2] → 111 (+14) [Q3]
0.35% more ownership
Funds ownership: 57.79% [Q2] → 58.14% (+0.35%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$28
18%
upside
Avg. target
$28
18%
upside
High target
$28
18%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Keefe, Bruyette & Woods Timothy Switzer 80% 1-year accuracy 16 / 20 met price target | 18%upside $28 | Market Perform Maintained | 13 Jan 2025 |
Financial journalist opinion
Based on 4 articles about CCNE published over the past 30 days
Neutral
Business Wire
14 hours ago
KBRA Comments on CNB Financial Corporation's Proposed Acquisition of ESSA Bancorp, Inc.
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--On January 10, 2025, Clearfield, PA-based CNB Financial Corporation (NASDAQ: CCNE) (“CNB”), parent company of CNB Bank, and Stroudsburg, PA-based ESSA Bancorp, Inc. (NASDAQ: ESSA) (“ESSA”), parent company of ESSA Bank & Trust (“ESSA Bank”), jointly announced that they had entered into a definitive agreement pursuant to which ESSA would merge with and into CNB and ESSA Bank would merge with and into CNB Bank. The transaction, valued at $214 million (P/TBV: 0.99x),.
Neutral
Business Wire
4 days ago
ESSA BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of ESSA Bancorp, Inc - ESSA
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of ESSA Bancorp, Inc. (NasdaqGS: ESSA) to CNB Financial Corporation (NasdaqGS: CCNE). Under the terms of the proposed transaction, shareholders of ESSA will receive 0.8547 shares of CNB for each share of ESSA that they own. KSF is seeking to determine whether this consideration and the process that led to it are.
Neutral
Business Wire
4 days ago
CCNE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of CNB Financial Corporation Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of CNB Financial Corporation (NASDAQ: CCNE) and ESSA Bancorp, Inc. is fair to CNB shareholders. Halper Sadeh encourages CNB shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether CNB and its board violated the federal.
Neutral
GlobeNewsWire
4 days ago
CNB Financial Corporation and ESSA Bancorp, Inc. Announce Strategic Merger
CLEARFIELD, PA and STROUDSBURG, PA, Jan. 10, 2025 (GLOBE NEWSWIRE) -- CNB Financial Corporation (Nasdaq: CCNE) (“CNB”), parent company of CNB Bank, and ESSA Bancorp, Inc. (Nasdaq: ESSA) (“ESSA”), parent company of ESSA Bank & Trust (“ESSA Bank”), jointly announced today that they have entered into a definitive agreement pursuant to which ESSA will merge with and into CNB, and ESSA Bank will merge with and into CNB Bank. The combined company is expected to have approximately $8 billion in total assets, $7 billion in total deposits, and $6 billion in total loans.
Positive
Zacks Investment Research
1 month ago
Are Investors Undervaluing CNB Financial (CCNE) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Neutral
GlobeNewsWire
2 months ago
CNB Financial Corporation Announces Quarterly Dividend for Common Stock
CLEARFIELD, Pa., Nov. 12, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) declared a quarterly cash dividend of $0.18 per share of common stock payable on December 13, 2024 to common stock shareholders of record as of November 29, 2024.
Positive
Zacks Investment Research
2 months ago
Is CNB Financial (CCNE) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Neutral
GlobeNewsWire
2 months ago
CNB Financial Corporation Announces Quarterly Dividend for Series A Preferred Stock and Related Depositary Shares Distribution
CLEARFIELD, Pa., Oct. 31, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) (the "Corporation") has announced the declaration of a quarterly cash dividend of $0.4453125 per depositary share (Nasdaq: CCNEP), resulting from the Corporation's declaration of a quarterly cash dividend of $17.8125 per share on its Series A Preferred Stock. The dividend is payable on November 29, 2024, to holders of record as of November 15, 2024.
Positive
Zacks Investment Research
2 months ago
What Makes CNB (CCNE) a New Buy Stock
CNB (CCNE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Positive
Zacks Investment Research
2 months ago
CNB Financial (CCNE) Beats Q3 Earnings and Revenue Estimates
CNB Financial (CCNE) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.60 per share a year ago.
Charts implemented using Lightweight Charts™