The Zacks: CNB Financial Corp. (CCNE) Given $21.50 Consensus Target Price by Analysts

The Zacks: CNB Financial Corp. (CCNE) Given $21.50 Consensus Target Price by Analysts

Shares of CNB Financial Corp. (NASDAQ:CCNE) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus price objective of $21.50 for the company and are predicting that the company will post $0.43 earnings per share for the current quarter, according to Zacks. Zacks has also given CNB Financial Corp. an industry rank of 155 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research raised shares of CNB Financial Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 19th.

CNB Financial Corp. (NASDAQ:CCNE) traded down 0.51% on Monday, reaching $19.33. 13,018 shares of the company traded hands. The stock has a market capitalization of $277.54 million, a price-to-earnings ratio of 13.87 and a beta of 0.80. CNB Financial Corp. has a 1-year low of $16.51 and a 1-year high of $21.70. The stock’s 50-day moving average is $20.40 and its 200-day moving average is $18.67.

CNB Financial Corp. (NASDAQ:CCNE) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.38 by $0.10. CNB Financial Corp. had a return on equity of 9.80% and a net margin of 19.36%. Equities research analysts expect that CNB Financial Corp. will post $1.55 EPS for the current year.

About CNB Financial Corp.

CNB Financial Corporation is a financial holding company. The Company provides a range of banking and related services through its subsidiary, CNB Bank (the Bank). In addition, the Bank provides trust and asset management services, including the administration of trusts and estates, retirement plans and other employee benefit plans, as well as a range of wealth management services.

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