CNB Financial (NASDAQ:CCNE – Get Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.
CNB Financial Stock Performance
NASDAQ:CCNE opened at $25.47 on Tuesday. The company has a market capitalization of $534.97 million, a PE ratio of 10.70 and a beta of 0.69. The company has a 50 day simple moving average of $23.80 and a two-hundred day simple moving average of $21.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94. CNB Financial has a fifty-two week low of $17.45 and a fifty-two week high of $26.87.
CNB Financial (NASDAQ:CCNE – Get Free Report) last released its earnings results on Monday, October 21st. The bank reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The business had revenue of $94.21 million during the quarter, compared to the consensus estimate of $55.40 million. CNB Financial had a net margin of 15.30% and a return on equity of 10.37%. Research analysts anticipate that CNB Financial will post 2.25 earnings per share for the current year.
Institutional Trading of CNB Financial
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. 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.
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