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CCNE

CNB FinancialNasdaqGS:CCNE Stock Report

Market Cap

US$418.3m

7D

6.5%

1Y

67.9%

Updated

27 Sep, 2021

Data

Company Financials +
CCNE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends5/6

CCNE Overview

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.

CNB Financial Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CNB Financial
Historical stock prices
Current Share PriceUS$24.87
52 Week HighUS$14.47
52 Week LowUS$26.85
Beta1.04
1 Month Change-0.44%
3 Month Change9.90%
1 Year Change67.93%
3 Year Change-11.84%
5 Year Change22.51%
Change since IPO196.07%

Recent News & Updates

Shareholder Returns

CCNEUS BanksUS Market
7D6.5%8.9%2.0%
1Y67.9%79.6%32.8%

Return vs Industry: CCNE underperformed the US Banks industry which returned 79.6% over the past year.

Return vs Market: CCNE exceeded the US Market which returned 32.8% over the past year.

Price Volatility

Is CCNE's price volatile compared to industry and market?
CCNE volatility
CCNE Beta1.04
Industry Beta1.37
Market Beta1

Stable Share Price: CCNE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CCNE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1865626Joe Bowerhttps://www.cnbbank.bank

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. It also 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.

CNB Financial Fundamentals Summary

How do CNB Financial's earnings and revenue compare to its market cap?
CCNE fundamental statistics
Market CapUS$418.26m
Earnings (TTM)US$40.43m
Revenue (TTM)US$172.36m

10.3x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CCNE income statement (TTM)
RevenueUS$172.36m
Cost of RevenueUS$0
Gross ProfitUS$172.36m
ExpensesUS$131.94m
EarningsUS$40.43m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.40
Gross Margin100.00%
Net Profit Margin23.45%
Debt/Equity Ratio36.7%

How did CCNE perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

28%

Payout Ratio

Valuation

Is CNB Financial undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CCNE ($24.87) is trading below our estimate of fair value ($57.07)

Significantly Below Fair Value: CCNE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CCNE is good value based on its PE Ratio (10.3x) compared to the US Banks industry average (11.2x).

PE vs Market: CCNE is good value based on its PE Ratio (10.3x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: CCNE is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: CCNE's PB Ratio (1.1x) is in line with the US Banks industry average.


Future Growth

How is CNB Financial forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

9.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCNE's forecast earnings growth (9.9% per year) is above the savings rate (2%).

Earnings vs Market: CCNE's earnings (9.9% per year) are forecast to grow slower than the US market (15% per year).

High Growth Earnings: CCNE's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if CCNE's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if CCNE's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CCNE's Return on Equity is forecast to be low in 3 years time (11.6%).


Past Performance

How has CNB Financial performed over the past 5 years?

13.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CCNE has high quality earnings.

Growing Profit Margin: CCNE's current net profit margins (23.5%) are lower than last year (28.1%).


Past Earnings Growth Analysis

Earnings Trend: CCNE's earnings have grown by 13.8% per year over the past 5 years.

Accelerating Growth: CCNE's earnings growth over the past year (7%) is below its 5-year average (13.8% per year).

Earnings vs Industry: CCNE earnings growth over the past year (7%) underperformed the Banks industry 36%.


Return on Equity

High ROE: CCNE's Return on Equity (10.2%) is considered low.


Financial Health

How is CNB Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: CCNE's Assets to Equity ratio (12x) is moderate.

Allowance for Bad Loans: CCNE has a sufficient allowance for bad loans (112%).

Low Risk Liabilities: 95% of CCNE's liabilities are made up of primarily low risk sources of funding.

Loan Level: CCNE has an appropriate level of Loans to Assets ratio (67%).

Low Risk Deposits: CCNE's Loans to Deposits ratio (76%) is appropriate.

Level of Bad Loans: CCNE has an appropriate level of bad loans (0.9%).


Dividend

What is CNB Financial current dividend yield, its reliability and sustainability?

2.73%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CCNE's dividend (2.73%) is higher than the bottom 25% of dividend payers in the US market (1.3%).

High Dividend: CCNE's dividend (2.73%) is low compared to the top 25% of dividend payers in the US market (3.57%).


Stability and Growth of Payments

Stable Dividend: CCNE's dividends per share have been stable in the past 10 years.

Growing Dividend: CCNE's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.2%), CCNE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CCNE's dividends in 3 years are forecast to be well covered by earnings (21.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.1yrs

Average management tenure


CEO

Joe Bower (57 yo)

11.67yrs

Tenure

US$1,608,420

Compensation

Mr. Joseph B. Bower, Jr. also known as Joe, has been the Chief Executive Officer of CNB Financial Corporation since January 1, 2010 and has been its Director since April 19, 2005. Mr. Bower serves as the C...


CEO Compensation Analysis

Compensation vs Market: Joe's total compensation ($USD1.61M) is about average for companies of similar size in the US market ($USD1.68M).

Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CCNE's management team is seasoned and experienced (6.1 years average tenure).


Board Members

Experienced Board: CCNE's board of directors are considered experienced (9.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CCNE insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CNB Financial Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: CNB Financial Corporation
  • Ticker: CCNE
  • Exchange: NasdaqGS
  • Founded: 1865
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$418.257m
  • Shares outstanding: 16.82m
  • Website: https://www.cnbbank.bank

Number of Employees


Location

  • CNB Financial Corporation
  • 1 South Second Street
  • PO Box 42
  • Clearfield
  • Pennsylvania
  • 16830
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 22:58
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.