CNB Financial Corp (NASDAQ:CCNE) has been given a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokerages have set a 12-month consensus price objective of $33.00 for the company and are forecasting that the company will post $0.58 earnings per share for the current quarter, according to Zacks. Zacks has also given CNB Financial an industry rank of 170 out of 255 based on the ratings given to related companies.

A number of brokerages have recently weighed in on CCNE. ValuEngine upgraded CNB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Zacks Investment Research cut CNB Financial from a “buy” rating to a “hold” rating in a research note on Monday, December 24th. Finally, BidaskClub raised CNB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th.

Hedge funds have recently modified their holdings of the company. Citigroup Inc. grew its stake in CNB Financial by 13.8% during the fourth quarter. Citigroup Inc. now owns 4,425 shares of the bank’s stock worth $102,000 after purchasing an additional 537 shares during the period. Metropolitan Life Insurance Co. NY lifted its holdings in CNB Financial by 428.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,843 shares of the bank’s stock worth $111,000 after acquiring an additional 3,926 shares during the period. Citadel Advisors LLC bought a new stake in CNB Financial during the third quarter worth $230,000. Bank of America Corp DE lifted its holdings in CNB Financial by 50.6% during the fourth quarter. Bank of America Corp DE now owns 11,046 shares of the bank’s stock worth $254,000 after acquiring an additional 3,710 shares during the period. Finally, MetLife Investment Advisors LLC lifted its holdings in CNB Financial by 57.9% during the third quarter. MetLife Investment Advisors LLC now owns 10,708 shares of the bank’s stock worth $309,000 after acquiring an additional 3,926 shares during the period. 43.73% of the stock is owned by institutional investors.

CCNE stock opened at $24.34 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.20. The stock has a market cap of $370.93 million, a price-to-earnings ratio of 11.01 and a beta of 0.81. CNB Financial has a one year low of $21.43 and a one year high of $32.86.

CNB Financial (NASDAQ:CCNE) last announced its quarterly earnings results on Monday, January 28th. The bank reported $0.59 EPS for the quarter, beating the consensus estimate of $0.58 by $0.01. CNB Financial had a return on equity of 13.33% and a net margin of 22.10%. The company had revenue of $32.55 million for the quarter, compared to the consensus estimate of $33.50 million. Sell-side analysts predict that CNB Financial will post 2.53 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.17 dividend. The ex-dividend date was Thursday, February 28th. This represents a $0.68 annualized dividend and a yield of 2.79%. CNB Financial’s dividend payout ratio is presently 30.77%.

CNB Financial Company Profile

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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