CNB Financial Co. (NASDAQ:CCNE) Position Trimmed by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. trimmed its stake in CNB Financial Co. (NASDAQ:CCNE) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 212,078 shares of the bank’s stock after selling 5,400 shares during the quarter. Stieven Capital Advisors L.P. owned 1.01% of CNB Financial worth $5,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in CNB Financial by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 474,032 shares of the bank’s stock valued at $11,408,000 after buying an additional 9,359 shares during the period. State Street Corp increased its stake in shares of CNB Financial by 2.2% in the third quarter. State Street Corp now owns 424,579 shares of the bank’s stock worth $10,215,000 after acquiring an additional 8,942 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of CNB Financial by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 155,801 shares of the bank’s stock worth $3,749,000 after acquiring an additional 15,714 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in CNB Financial by 19.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 150,309 shares of the bank’s stock valued at $3,616,000 after purchasing an additional 24,883 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in CNB Financial by 0.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 143,790 shares of the bank’s stock valued at $3,460,000 after purchasing an additional 390 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

CNB Financial Trading Down 0.6 %

Shares of NASDAQ:CCNE opened at $26.13 on Friday. CNB Financial Co. has a 1 year low of $17.74 and a 1 year high of $29.29. The firm has a fifty day moving average price of $25.36 and a 200 day moving average price of $25.08. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $548.47 million, a PE ratio of 10.98 and a beta of 0.71.

CNB Financial (NASDAQ:CCNE) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.05. CNB Financial had a return on equity of 10.24% and a net margin of 14.97%. Analysts expect that CNB Financial Co. will post 2.04 EPS for the current fiscal year.

CNB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, February 28th. This represents a $0.72 annualized dividend and a yield of 2.76%. CNB Financial’s dividend payout ratio (DPR) is presently 30.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reduced their price target on CNB Financial from $30.00 to $28.00 and set a “market perform” rating for the company in a report on Monday, January 13th. StockNews.com cut shares of CNB Financial from a “buy” rating to a “hold” rating in a research note on Friday.

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.