American Century Companies Inc. Grows Stake in CNB Financial Co. (NASDAQ:CCNE)

American Century Companies Inc. increased its holdings in CNB Financial Co. ( NASDAQ:CCNE – Free Report ) by 13.

3% during the fourth quarter, Holdings Channel reports. The firm owned 455,640 shares of the bank’s stock after acquiring an additional 53,661 shares during the quarter. American Century Companies Inc.



’s holdings in CNB Financial were worth $11,327,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of CNB Financial by 2.

0% in the third quarter. Geode Capital Management LLC now owns 474,032 shares of the bank’s stock worth $11,408,000 after buying an additional 9,359 shares in the last quarter. State Street Corp lifted its stake in CNB Financial by 2.

2% in the 3rd quarter. State Street Corp now owns 424,579 shares of the bank’s stock worth $10,215,000 after purchasing an additional 8,942 shares in the last quarter. JPMorgan Chase & Co.

boosted its holdings in shares of CNB Financial by 11.2% during the 3rd quarter. JPMorgan Chase & Co.

now owns 155,801 shares of the bank’s stock valued at $3,749,000 after purchasing an additional 15,714 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of CNB Financial by 19.8% during the 4th quarter.

Wealth Enhancement Advisory Services LLC now owns 150,309 shares of the bank’s stock valued at $3,616,000 after purchasing an additional 24,883 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in shares of CNB Financial by 0.3% during the third quarter.

Hotchkis & Wiley Capital Management LLC now owns 143,790 shares of the bank’s stock valued at $3,460,000 after purchasing an additional 390 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades A number of brokerages recently commented on CCNE. Keefe, Bruyette & Woods dropped their price target on CNB Financial from $30.00 to $28.

00 and set a “market perform” rating for the company in a research note on Monday, January 13th. StockNews.com cut CNB Financial from a “buy” rating to a “hold” rating in a report on Friday, February 14th.

CNB Financial Stock Up 0.4 % Shares of NASDAQ CCNE opened at $22.34 on Wednesday.

The stock has a market capitalization of $468.69 million, a price-to-earnings ratio of 9.39 and a beta of 0.

65. CNB Financial Co. has a 12-month low of $17.

74 and a 12-month high of $29.29. The company has a current ratio of 0.

95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.19.

The firm’s 50-day moving average price is $24.38 and its 200-day moving average price is $25.15.

CNB Financial ( NASDAQ:CCNE – Get Free Report ) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.

61 by $0.05. CNB Financial had a return on equity of 10.

24% and a net margin of 14.97%. On average, equities research analysts anticipate that CNB Financial Co.

will post 2.04 EPS for the current fiscal year. CNB Financial Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th.

Shareholders of record on Friday, February 28th were paid a dividend of $0.18 per share. This represents a $0.

72 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Friday, February 28th.

CNB Financial’s payout ratio is 30.25%. CNB Financial Profile ( Free Report ) CNB Financial Corporation operates as the bank holding company for CNB Bank that provides a range of banking products and services for individual, business, governmental, and institutional customers.

The company accepts checking, savings, and time deposit accounts; and offers real estate, commercial, industrial, residential, and consumer loans, as well as various other specialized financial services. See Also Want to see what other hedge funds are holding CCNE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNB Financial Co.

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