The stock of CNB Financial Corp (NASDAQ:CCNE) reached all time high today, Nov, 14 and still has $64.32 target or 173.00% above today’s $23.56 share price. This indicates more upside for the $392.96 million company. This technical setup was reported by Barchart.com. If the $64.32 PT is reached, the company will be worth $679.82M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 22,958 shares traded hands or 0.64% up from the average. CNB Financial Corp (NASDAQ:CCNE) has risen 33.15% since April 12, 2016 and is uptrending. It has outperformed by 28.16% the S&P500.
According to Zacks Investment Research, “CNB Financial Corporation is a bank holding company headquartered in Clearfield, PA. It conducts business principally through County National Bank whose market area includes twenty convenient office locations in Pennsylvania.”
Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.27, from 1.36 in 2016Q1. The ratio dropped, as 4 funds sold all CNB Financial Corp shares owned while 18 reduced positions. 3 funds bought stakes while 21 increased positions. They now own 4.17 million shares or 15.11% less from 4.91 million shares in 2016Q1.
Brandywine Glob Investment Ltd Liability last reported 0% of its portfolio in the stock. Banc Funds Ltd Liability holds 0.24% or 231,122 shares in its portfolio. Moreover, Vanguard Grp has 0% invested in CNB Financial Corp (NASDAQ:CCNE) for 357,987 shares. Metropolitan Life Insurance last reported 0% of its portfolio in the stock. State Street Corporation accumulated 221,699 shares or 0% of the stock. Moreover, Northern has 0% invested in CNB Financial Corp (NASDAQ:CCNE) for 153,539 shares. Morgan Stanley holds 0% or 8,163 shares in its portfolio. Manufacturers Life Insur Communication The has 10,017 shares for 0% of their US portfolio. Blackrock Advisors Lc accumulated 0% or 7,053 shares. Schwab Charles Inv Incorporated holds 0% or 20,700 shares in its portfolio. Bancorp Of America Corp De holds 0% of its portfolio in CNB Financial Corp (NASDAQ:CCNE) for 357 shares. Hightower Ltd Co accumulated 0% or 10,751 shares. Jpmorgan Chase & Company owns 1,100 shares or 0% of their US portfolio. Citigroup, a New York-based fund reported 1,984 shares. Stifel holds 0.02% or 187,779 shares in its portfolio.
Insider Transactions: Since May 26, 2016, the stock had 3 insider buys, and 0 sales for $17,834 net activity. Shares for $1,798 were bought by Scott Nicholas N. Jr. on Wednesday, June 8. BOWER JOSEPH B JR had bought 850 shares worth $15,139.
More important recent CNB Financial Corp (NASDAQ:CCNE) news were published by: Reuters.com which released: “BRIEF-CNB Financial Corporation Q3 earnings per share $0.44” on October 20, 2016, also Globenewswire.com published article titled: “CNB Financial Corporation (Nasdaq: CCNE) to Ring The Nasdaq Stock Market …”, Marketwatch.com published: “CNB Financial Corporation Announces Closing of $50 Million of Fixed-to …” on October 04, 2016. More interesting news about CNB Financial Corp (NASDAQ:CCNE) was released by: Crainscleveland.com and their article: “CNB Financial Corp. to buy Lake National Bank of Mentor” with publication date: December 30, 2015.
CCNE Company Profile
CNB Financial Corporation, incorporated on September 12, 1983, is a financial holding company. The Firm provides a range of banking and related services through its subsidiary, CNB Bank (the Bank). In addition, the Bank provides trust and asset management services, including the administration of trusts and estates, retirement plans and other employee benefit plans, as well as a range of wealth management services. The Bank offers a range of banking activities and services for individual, business, governmental and institutional customers. The Bank’s Wealth & Asset Management Services division offers a range of client services. The Bank has approximately 40 branch offices and over two loan production offices. The Bank operates two divisions: ERIEBANK and FCBank. As ERIEBANK, the Bank operates in the Pennsylvania counties of Crawford, Erie and Warren. As FCBank, the Bank operates in the Ohio counties of Crawford, Richland, Ashland, Wayne, Marion, Morrow, Knox, Holmes, Delaware and Franklin.
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