CNB Financial Corp/PA (NASDAQ: CCNE) has reported earnings for its second fiscal quarter (ending June 30) of $0.56 versus $0.61 for the same period a year ago — a decline of -8%. Relative to the consensus estimate of $0.51, this was a premium of $0.05. For the latest four quarters through June 30, E.P.S. were $2.33 compared to $2.94 a year ago — a decline of -21%.
Recent Price Action
CNB Financial Corp/PA (NASDAQ: CCNE) stock closed at $23.56 on 7/18/24 after a modest decline of -1.6%. Moreover, this decline was accompanied by above average trading volume at 149% of normal. The stock has risen 18.0% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, CCNE is expected to continue to be a Value Builder.
CNB Financial has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. CNB Financial has a slightly positive Appreciation Score of 62 but a slightly negative Power Rating of 36, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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