Recent extremely meaningful positive changes in investment behavior have benefitted CNB Financial Corp/PA (NASDAQ: CCNE): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
CNB Financial Corp/PA (NASDAQ: CCNE) has recently enjoyed meaningful positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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 (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. CNB Financial has a neutral Power Rating of 56 and a slightly positive Appreciation Score of 64, leading to the High Neutral Value Trend Rating.
Recent Price Action
CNB Financial Corp/PA (NASDAQ: CCNE) stock rose modestly by 0.8% on 5/8/24. The stock closed at $19.85. However, this advance was accompanied by unusually low trading volume at 62% of normal. The stock has performed in line with the market over the last nine months and has risen 4.5% during the last week.
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