CNB Financial Corp (CCNE) Holdings Raised by Wells Fargo & Company MN

Wells Fargo & Company MN raised its position in shares of CNB Financial Corp (NASDAQ:CCNE) by 53.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,103 shares of the bank’s stock after acquiring an additional 5,928 shares during the period. Wells Fargo & Company MN’s holdings in CNB Financial were worth $468,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Brandywine Global Investment Management LLC boosted its holdings in CNB Financial by 38.7% during the second quarter. Brandywine Global Investment Management LLC now owns 4,952 shares of the bank’s stock valued at $119,000 after acquiring an additional 1,382 shares during the period. SG Americas Securities LLC bought a new stake in CNB Financial during the third quarter valued at about $208,000. State Board of Administration of Florida Retirement System bought a new stake in CNB Financial during the third quarter valued at about $215,000. Voya Investment Management LLC boosted its holdings in CNB Financial by 8.6% during the second quarter. Voya Investment Management LLC now owns 12,661 shares of the bank’s stock valued at $303,000 after acquiring an additional 1,001 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in CNB Financial by 16.8% during the second quarter. The Manufacturers Life Insurance Company now owns 14,297 shares of the bank’s stock valued at $343,000 after acquiring an additional 2,061 shares during the period. Institutional investors own 42.89% of the company’s stock.

Shares of CNB Financial Corp (CCNE) opened at $27.10 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.96 and a quick ratio of 0.96. CNB Financial Corp has a one year low of $20.91 and a one year high of $29.76. The firm has a market cap of $411.59 and a PE ratio of 15.94.

A number of research firms have issued reports on CCNE. ValuEngine cut shares of CNB Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research upgraded shares of CNB Financial from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research note on Thursday, December 21st. Boenning Scattergood reiterated a “buy” rating on shares of CNB Financial in a research note on Friday, October 20th. Finally, BidaskClub cut shares of CNB Financial from a “hold” rating to a “sell” rating in a research note on Saturday, December 16th.

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

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