CNB Financial Corp/PA (NASDAQ: CCNE) has reported earnings for its first fiscal quarter (ending March 31) of $0.55 versus $0.73 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $2.38 compared to $3.18 a year ago.
Recent Price Action
CNB Financial Corp/PA (NASDAQ: CCNE) stock closed at $19.01 on 4/15/24 after a modest decline of -1.7%. Moreover, this decline was accompanied by exceptionally high trading volume at 301% of normal. The stock has declined -3.0% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CCNE is expected to continue to be a Value Builder.
CNB Financial has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. CNB Financial has a slightly positive Appreciation Score of 65 and a good Power Rating of 76, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment