The stock of CNB Financial Corp (NASDAQ:CCNE) reached all time high today, Nov, 21 and still has $37.33 target or 53.00% above today’s $24.40 share price. This indicates more upside for the $352.09 million company. This technical setup was reported by Barchart.com. If the $37.33 PT is reached, the company will be worth $186.61M 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. The stock increased 1.92% or $0.46 on November 21, hitting $24.4. About 13,187 shares traded hands. CNB Financial Corp (NASDAQ:CCNE) has risen 33.67% since April 19, 2016 and is uptrending. It has outperformed by 29.81% 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 increased to 2.13 in Q2 2016. Its up 1.04, from 1.09 in 2016Q1. The ratio is positive, 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.
Tiaa Cref Invest Management Ltd Com has invested 0% of its portfolio in CNB Financial Corp (NASDAQ:CCNE). Banc Funds Limited Liability Corporation owns 231,122 shares or 0.24% of their US portfolio. Kennedy Mgmt Incorporated accumulated 151,120 shares or 0.05% of the stock. Rhumbline Advisers accumulated 17,139 shares or 0% of the stock. Denali Advsr Lc has 100 shares for 0% of their US portfolio. Morgan Stanley has 8,163 shares for 0% of their US portfolio. The California-based Schwab Charles Management has invested 0% in CNB Financial Corp (NASDAQ:CCNE). Voya Inv Mgmt Ltd has 0% invested in the company for 11,660 shares. Vanguard Grp Inc has invested 0% of its portfolio in CNB Financial Corp (NASDAQ:CCNE). Hightower Advsrs holds 0% of its portfolio in CNB Financial Corp (NASDAQ:CCNE) for 10,751 shares. Emerald Advisers Pa, a Pennsylvania-based fund reported 495,960 shares. Vantage Limited Liability Corporation holds 0.05% of its portfolio in CNB Financial Corp (NASDAQ:CCNE) for 7,200 shares. Dimensional Fund Ltd Partnership last reported 0% of its portfolio in the stock. Legal And General Grp Inc Inc Public Limited reported 2,958 shares or 0% of all its holdings. Teachers Advisors holds 0% of its portfolio in CNB Financial Corp (NASDAQ:CCNE) for 20,212 shares.
Insider Transactions: Since May 26, 2016, the stock had 3 insider purchases, and 0 selling transactions for $17,834 net activity. $897 worth of shares were bought by Scott Nicholas N. Jr. on Wednesday, September 7. BOWER JOSEPH B JR had bought 850 shares worth $15,139 on Thursday, May 26.
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 Marketwatch.com published article titled: “CNB Financial Corporation Announces Closing of $50 Million of Fixed-to …”, Crainscleveland.com published: “CNB Financial Corp. to buy Lake National Bank of Mentor” on December 30, 2015. More interesting news about CNB Financial Corp (NASDAQ:CCNE) was released by: Globenewswire.com and their article: “CNB Financial Corporation (Nasdaq: CCNE) to Ring The Nasdaq Stock Market …” with publication date: November 08, 2016.
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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