Other equities research analysts also recently issued reports about the company. ValuEngine upgraded CNB Financial from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. Zacks Investment Research downgraded CNB Financial from a “buy” rating to a “hold” rating in a research report on Monday, December 24th.
Shares of CNB Financial stock traded down $0.24 during trading hours on Friday, hitting $26.88. The company’s stock had a trading volume of 5,430 shares, compared to its average volume of 21,314. CNB Financial has a 12-month low of $21.43 and a 12-month high of $32.86. The company has a market capitalization of $407.35 million, a price-to-earnings ratio of 12.16 and a beta of 0.79. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.20.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. grew its stake in shares of CNB Financial by 13.8% during the fourth quarter. Citigroup Inc. now owns 4,425 shares of the bank’s stock valued at $102,000 after buying an additional 537 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of CNB Financial by 428.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,843 shares of the bank’s stock valued at $111,000 after buying an additional 3,926 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of CNB Financial during the third quarter valued at approximately $230,000. Bank of America Corp DE grew its stake in shares of CNB Financial by 50.6% during the fourth quarter. Bank of America Corp DE now owns 11,046 shares of the bank’s stock valued at $254,000 after buying an additional 3,710 shares during the last quarter. Finally, MetLife Investment Advisors LLC grew its stake in shares of CNB Financial by 57.9% during the third quarter. MetLife Investment Advisors LLC now owns 10,708 shares of the bank’s stock valued at $309,000 after buying an additional 3,926 shares during the last quarter. 43.73% of the stock is currently owned by hedge funds and other institutional investors.
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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