Worth Watching: Will CNB Financial Corp Run Out of Steam Soon?

Worth Watching: Will CNB Financial Corp Run Out of Steam Soon?

The stock of CNB Financial Corp (NASDAQ:CCNE) hit a new 52-week high and has $26.27 target or 5.00% above today’s $25.02 share price. The 6 months bullish chart indicates low risk for the $373.81M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $26.27 price target is reached, the company will be worth $18.69 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 12,691 shares traded hands. CNB Financial Corp (NASDAQ:CCNE) has risen 37.49% since April 25, 2016 and is uptrending. It has outperformed by 31.47% the S&P500.

Analysts await CNB Financial Corp (NASDAQ:CCNE) to report earnings on February, 3. They expect $0.41 EPS, up 7.89% or $0.03 from last year’s $0.38 per share. CCNE’s profit will be $6.13 million for 15.26 P/E if the $0.41 EPS becomes a reality. After $0.44 actual EPS reported by CNB Financial Corp for the previous quarter, Wall Street now forecasts -6.82% negative EPS growth.

According to Zacks Investment Research, “CNB Financial Corporation is a bank holding company headquartered in Clearfield, PA. It conducts business principally through County National Bank whose market area includes twenty convenient office locations in Pennsylvania.”

Insitutional Activity: The institutional sentiment increased to 2.13 in 2016 Q2. Its up 1.04, from 1.09 in 2016Q1. The ratio improved, as 4 funds sold all CNB Financial Corp shares owned while 18 reduced positions. 3 funds bought stakes while 21 increased positions. They now own 4.17 million shares or 15.11% less from 4.91 million shares in 2016Q1.
Blackrock Advsr Lc holds 0% or 7,053 shares in its portfolio. Royal National Bank & Trust Of Canada owns 3,033 shares or 0% of their US portfolio. Moreover, California Pub Employees Retirement Sys has 0% invested in CNB Financial Corp (NASDAQ:CCNE) for 33,100 shares. Manufacturers Life Insurance Company The, a Ontario – Canada-based fund reported 10,017 shares. The Illinois-based Lsv Asset Management has invested 0% in CNB Financial Corp (NASDAQ:CCNE). Metropolitan Life Company New York has 10,215 shares for 0% of their US portfolio. Rhumbline Advisers has invested 0% of its portfolio in CNB Financial Corp (NASDAQ:CCNE). Emerald Advisers Inc Pa accumulated 495,960 shares or 0.43% of the stock. Moreover, Prudential Fincl has 0% invested in CNB Financial Corp (NASDAQ:CCNE) for 28,240 shares. Northern holds 0% or 153,539 shares in its portfolio. Moreover, Morgan Stanley has 0% invested in CNB Financial Corp (NASDAQ:CCNE) for 8,163 shares. Blackrock Fund Advsrs, a California-based fund reported 366,172 shares. Dimensional Fund Advsr Limited Partnership holds 279,221 shares or 0% of its portfolio. State Street last reported 0% of its portfolio in the stock. Fuller And Thaler Asset Mngmt owns 800 shares or 0% of their US portfolio.

Insider Transactions: Since June 8, 2016, the stock had 2 insider buys, and 0 sales for $2,695 net activity. Scott Nicholas N. Jr. had bought 43 shares worth $897 on Wednesday, September 7.

More recent CNB Financial Corp (NASDAQ:CCNE) news were published by: Marketwatch.com which released: “CNB Financial Corporation Announces Closing of $50 Million of Fixed-to …” on October 04, 2016. Also Businesswire.com published the news titled: “CNB Financial Corporation Announces Acquisition of Lake National Bank” on December 30, 2015. Finance.Yahoo.com‘s news article titled: “CNB Financial Corporation (Nasdaq: CCNE) to Ring The Nasdaq Stock Market …” with publication date: November 08, 2016 was also an interesting one.

CCNE Company Profile

CNB Financial Corporation, incorporated on September 12, 1983, is a financial holding company. The Firm 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. The Bank offers a range of banking activities and services for individual, business, governmental and institutional customers. The Bank’s Wealth & Asset Management Services division offers a range of client services. The Bank has approximately 40 branch offices and over two loan production offices. The Bank operates two divisions: ERIEBANK and FCBank. As ERIEBANK, the Bank operates in the Pennsylvania counties of Crawford, Erie and Warren. As FCBank, the Bank operates in the Ohio counties of Crawford, Richland, Ashland, Wayne, Marion, Morrow, Knox, Holmes, Delaware and Franklin.

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