CNB Financial Corp (NASDAQ:CCNE) Director Francis X. Straub III purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average price of $26.91 per share, for a total transaction of $26,910.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of CNB Financial Corp (CCNE) traded up $0.25 during trading hours on Thursday, hitting $26.98. 23,889 shares of the stock were exchanged, compared to its average volume of 28,006. The company has a market cap of $407.92, a price-to-earnings ratio of 17.79 and a beta of 0.83. CNB Financial Corp has a 1 year low of $20.91 and a 1 year high of $29.76. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.11.
Large investors have recently modified their holdings of the company. Brandywine Global Investment Management LLC increased its holdings in shares of CNB Financial by 38.7% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 4,952 shares of the bank’s stock worth $119,000 after buying an additional 1,382 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of CNB Financial during the 3rd quarter valued at $208,000. State Board of Administration of Florida Retirement System bought a new position in shares of CNB Financial during the 3rd quarter valued at $215,000. Wells Fargo & Company MN grew its holdings in shares of CNB Financial by 2.0% during the 2nd quarter. Wells Fargo & Company MN now owns 11,175 shares of the bank’s stock valued at $268,000 after purchasing an additional 217 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new position in shares of CNB Financial during the 4th quarter valued at $321,000. 42.97% of the stock is currently owned by hedge funds and other institutional investors.
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CNB Financial Company Profile
CNB Financial Corporation is a financial holding company. The Company is the holding company of CNB Bank (the Bank); CNB Securities Corporation, which maintains investments in debt and equity securities; CNB Insurance Agency, which provides for the sale of nonproprietary annuities and other insurance products, and Holiday Financial Services Corporation, which offers small balance unsecured loans and secured loans, primarily collateralized by automobiles and equipment.
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