CNB Financial Corp (CCNE) Shares Bought by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lifted its position in shares of CNB Financial Corp (NASDAQ:CCNE) by 16.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 178,402 shares of the bank’s stock after purchasing an additional 25,000 shares during the period. Emerald Mutual Fund Advisers Trust owned about 1.17% of CNB Financial Corp worth $4,874,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in shares of CNB Financial Corp by 16.8% during the second quarter. The Manufacturers Life Insurance Company now owns 14,297 shares of the bank’s stock worth $343,000 after purchasing an additional 2,061 shares in the last quarter. State Street Corp increased its position in shares of CNB Financial Corp by 3.4% during the second quarter. State Street Corp now owns 253,997 shares of the bank’s stock worth $6,089,000 after purchasing an additional 8,363 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of CNB Financial Corp by 34.1% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 25,983 shares of the bank’s stock worth $622,000 after purchasing an additional 6,600 shares in the last quarter. Stifel Financial Corp increased its position in shares of CNB Financial Corp by 7.4% during the second quarter. Stifel Financial Corp now owns 198,113 shares of the bank’s stock worth $4,752,000 after purchasing an additional 13,566 shares in the last quarter. Finally, Brandywine Global Investment Management LLC increased its position in shares of CNB Financial Corp by 38.7% during the second quarter. Brandywine Global Investment Management LLC now owns 4,952 shares of the bank’s stock worth $119,000 after purchasing an additional 1,382 shares in the last quarter. Institutional investors and hedge funds own 42.30% of the company’s stock.

CNB Financial Corp (NASDAQ:CCNE) opened at $28.55 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $436.39 million, a PE ratio of 17.11 and a beta of 0.87. CNB Financial Corp has a 52-week low of $19.81 and a 52-week high of $29.76.

CNB Financial Corp (NASDAQ:CCNE) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.08. The company had revenue of $28.55 million during the quarter, compared to analysts’ expectations of $28.52 million. equities analysts expect that CNB Financial Corp will post 1.67 earnings per share for the current fiscal year.

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A number of research firms have recently commented on CCNE. Zacks Investment Research upgraded CNB Financial Corp from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research report on Monday, October 23rd. Boenning Scattergood reiterated a “buy” rating on shares of CNB Financial Corp in a research report on Friday, October 20th. Finally, BidaskClub cut CNB Financial Corp from a “buy” rating to a “hold” rating in a research report on Monday, July 31st.

About CNB Financial Corp

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.

Institutional Ownership by Quarter for CNB Financial Corp (NASDAQ:CCNE)

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