CNB Financial (NASDAQ:CCNE) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of CNB Financial Co. (NASDAQ:CCNE) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $25.20 and traded as high as $25.41. CNB Financial shares last traded at $24.80, with a volume of 73,960 shares.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CCNE. StockNews.com lowered CNB Financial from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods decreased their price objective on shares of CNB Financial from $30.00 to $28.00 and set a “market perform” rating for the company in a research note on Monday, January 13th.

CNB Financial Trading Down 1.7 %

The firm has a market capitalization of $520.65 million, a PE ratio of 10.42 and a beta of 0.71. The stock’s 50-day moving average price is $25.16 and its 200 day moving average price is $25.20. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.95 and a quick ratio of 0.94.

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

CNB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.90%. CNB Financial’s payout ratio is currently 30.25%.

Institutional Investors Weigh In On CNB Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted 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 period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of CNB Financial during the 3rd quarter worth approximately $640,000. Barclays PLC increased its holdings in shares of CNB Financial by 274.7% during the 3rd quarter. Barclays PLC now owns 27,528 shares of the bank’s stock worth $663,000 after buying an additional 20,182 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of CNB Financial by 95.1% during the 3rd quarter. Franklin Resources Inc. now owns 22,032 shares of the bank’s stock worth $530,000 after buying an additional 10,737 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of CNB Financial by 11.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 155,801 shares of the bank’s stock worth $3,749,000 after purchasing an additional 15,714 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

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.