Stock Analysis Report

Executive Summary

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.

Snowflake Analysis

Flawless balance sheet, undervalued and pays a dividend.

Similar Companies

Share Price & News

How has CNB Financial's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: CCNE has not had significant price volatility in the past 3 months.

Market Performance

7 Day Return




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: CCNE underperformed the US Banks industry which returned 11.1% over the past year.

Return vs Market: CCNE underperformed the US Market which returned 19.3% over the past year.

Shareholder returns

7 Day-1.1%-0.3%0.06%
30 Day-7.6%-0.5%1.7%
90 Day-8.9%0.6%9.0%
1 Year3.7%1.2%14.4%11.1%21.8%19.3%
3 Year25.6%16.6%24.7%15.7%49.5%39.9%
5 Year95.2%70.3%74.9%55.1%73.1%54.1%

Price Volatility Vs. Market

How volatile is CNB Financial's share price compared to the market and industry in the last 5 years?

Simply Wall St News


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


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CCNE ($28.93) is trading below our estimate of fair value ($39.15)

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 (10.9x) compared to the Banks industry average (12.6x).

PE vs Market: CCNE is good value based on its PE Ratio (10.9x) compared to the US market (18.5x).

Price to Earnings Growth Ratio

PEG Ratio: CCNE is good value based on its PEG Ratio (0.8x)

Price to Book Ratio

PB vs Industry: CCNE is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.2x).

Next Steps

Future Growth

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


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCNE's forecast earnings growth (13.8% per year) is above the savings rate (1.7%).

Earnings vs Market: CCNE's earnings (13.8% per year) are forecast to grow slower than the US market (14.2% per year).

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

Revenue vs Market: CCNE's revenue (6% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: CCNE's revenue (6% per year) is forecast to grow slower 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 (12.1%).

Next Steps

Past Performance

How has CNB Financial performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CCNE has high quality earnings.

Growing Profit Margin: CCNE's current net profit margins (29.4%) are higher than last year (28.1%).

Past Earnings Growth Analysis

Earnings Trend: CCNE's earnings have grown by 12.8% per year over the past 5 years.

Accelerating Growth: CCNE's earnings growth over the past year (19.4%) exceeds its 5-year average (12.8% per year).

Earnings vs Industry: CCNE earnings growth over the past year (19.4%) exceeded the Banks industry 12.2%.

Return on Equity

High ROE: CCNE's Return on Equity (13.1%) is considered low.

Return on Assets

Return on Capital Employed

Next Steps

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

Inventory Level: CCNE has a low level of unsold assets or inventory.

Debt Coverage by Assets: CCNE's debt is not covered by short term assets (assets are 0x debt).

Financial Institutions Analysis

Asset Level: CCNE's level of assets compared to its equity is moderate.

Allowance for Bad Loans: CCNE has a sufficient allowance for bad loans.

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

Loan Level: CCNE has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CCNE's loans are broadly funded by customer deposits.

Level of Bad Loans: CCNE has an appropriate level of bad loans (0.6%)

Next Steps


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


Current Dividend Yield

Upcoming Dividend Payment

TodayFeb 22 2020Ex Dividend DateFeb 27 2020Dividend Pay DateMar 13 202015 days from Ex DividendBuy in the next 5 days to receive upcoming dividend

Dividend Yield vs Market

Notable Dividend: CCNE's dividend (2.35%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: CCNE's dividend (2.35%) is low compared to the top 25% of dividend payers in the US market (3.71%).

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 (25.7%), 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 (23.3% payout ratio).

Next Steps


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


Average management tenure


Joe Bower (55yo)





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 ($USD1.60M) is about average for companies of similar size in the US market ($USD1.66M).

Compensation vs Earnings: Joe's compensation has increased by more than 20% in the past year.

Leadership Team

Joseph Bower
President10.1yrsUS$1.60m2.03% $8.9m
Joseph Dell
Senior EVP & Chief Commercial Banking Officer6.2yrsUS$492.63k0.065% $286.3k
Richard Greslick
Senior Executive VP8.3yrsUS$612.97k0.12% $544.2k
Tito Lima
Executive VP0.6yrsno data0.0066% $28.9k
Helen Kolar
Vice President0yrsno datano data
Leanne Kassab
Executive Vice President of Customer Experience4.5yrsno data0.040% $177.8k
Vincent Turiano
Assistant Secretary & Executive VP of Operations0yrsUS$171.08kno data
Steven R. Shilling
Executive Vice President of Private Client Solutions2.7yrsno data0.014% $60.3k
Martin Griffith
Executive Vice President of Community Banking0yrsno data0.027% $118.5k
Gregory Dixon
Senior VP & Senior Credit Officer0yrsno data0.049% $214.8k


Average Tenure


Average Age

Experienced Management: CCNE's management team is considered experienced (4.5 years average tenure).

Board Members

Joseph Bower
President10.1yrsUS$1.60m2.03% $8.9m
Richard Greslick
Senior Executive VP8.3yrsUS$612.97k0.12% $544.2k
Jeffrey Powell
Independent Director25.2yrsUS$81.62k0.81% $3.6m
Deborah Pontzer
Independent Director16.7yrsUS$79.40k0.16% $722.9k
Robert Montler
Independent Director14.7yrsUS$77.70k0.35% $1.6m
Nicholas Scott
Independent Director6.8yrsUS$74.75k0.071% $310.8k
Richard Seager
Independent Director9.2yrsUS$81.75k0.11% $473.5k
Peter Smith
Independent Chairman of the Board3.1yrsUS$125.10k0.52% $2.3m
Joel Peterson
Independent Director8.4yrsUS$80.00k0.060% $264.3k
Peter Varischetti
Independent Director4.6yrsUS$74.15k0.054% $239.3k


Average Tenure


Average Age

Experienced Board: CCNE's board of directors are considered experienced (8.8 years average tenure).


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 company bio, 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$439.365m
  • Shares outstanding: 15.19m
  • Website:

Number of Employees


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


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CCNENasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDOct 1990
44IDB (Deutsche Boerse AG)YesCommon StockDEEUROct 1990


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. In addition, the company invests in debt and equity securities; sells nonproprietary annuities and other insurance products; and small balance unsecured loans and secured loans primarily collateralized by automobiles and equipment. As of February 12, 2019, the company operated a private banking division; and 42 full-service offices in Pennsylvania, Ohio, and New York. CNB Financial Corporation was founded in 1865 and is headquartered in Clearfield, Pennsylvania. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 00:25
End of Day Share Price2020/02/21 00:00
Annual Earnings2019/12/31

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.