CNB Financial Corp (CCNE) Stock AnalysisCCNECNB Financial Corp

CNB Financial Corporation is a financial holding company. The Company conducts business primarily through its principal subsidiary, CNB Bank (the Bank). The Bank is a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental, and institutional customers. The Bank’s operations include a private banking division, and 78 branches comprised of one loan production office, one drive-up office, one mobile office, and 75 full-service offices in Pennsylvania, Ohio, New York, and Virginia. Its divisions include ERIEBANK, based in Erie, Pennsylvania; FCBank, based in Worthington; BankOnBuffalo, based in Buffalo, New York; Ridge View Bank, based in Roanoke, Virginia; ESSA Bank, based in Stroudsburg, Pennsylvania, and Impressia Bank, a division focused on banking opportunities for women, which operates in CNB Bank's primary market areas. It operates in the Financials sector (STATE COMMERCIAL BANKS industry).

CNB Financial Corp is a strong buy at the current price of $35.35, especially given its recent earnings beat with an EPS of $0.91, exceeding estimates by 3.41%. The stock has shown a year-to-date change of +37.33%, indicating strong momentum. However, the main risk is the competitive deposit pricing pressure mentioned by analysts, which could affect profitability in the second half of the year.

1 analysts cover CCNE: 1 rate it Buy, 0 Hold and 0 Sell. The average price target is 28.00.