CNB Financial Corp (CCNE) Director Purchases $26,910.00 in Stock

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.

Several research firms have issued reports on CCNE. BidaskClub cut shares of CNB Financial from a “hold” rating to a “sell” rating in a research note on Saturday, December 16th. Zacks Investment Research raised shares of CNB Financial from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a report on Monday, October 23rd. Boenning Scattergood reissued a “buy” rating on shares of CNB Financial in a report on Friday, October 20th. Finally, ValuEngine lowered shares of CNB Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th.

ILLEGAL ACTIVITY NOTICE: This story was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://sportsperspectives.com/2018/02/08/cnb-financial-corp-ccne-director-purchases-26910-00-in-stock.html.

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.

Insider Buying and Selling by Quarter for CNB Financial (NASDAQ:CCNE)

Receive News & Ratings for CNB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNB Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply