NasdaqGS:CCNE

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

Fundamentals

Flawless balance sheet with proven track record 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


Market Performance


7 Day Return

2.2%

CCNE

2.7%

US Banks

0.4%

US Market


1 Year Return

7.0%

CCNE

2.7%

US Banks

6.9%

US Market

Return vs Industry: CCNE exceeded the US Banks industry which returned 2.7% over the past year.

Return vs Market: CCNE matched the US Market which returned 6.9% over the past year.


Shareholder returns

CCNEIndustryMarket
7 Day2.2%2.7%0.4%
30 Day-2.6%0.7%-1.1%
90 Day8.9%3.0%-0.5%
1 Year9.8%7.0%5.7%2.7%9.3%6.9%
3 Year57.8%46.3%52.1%41.6%45.8%36.4%
5 Year98.5%70.9%69.2%50.7%62.9%45.1%

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

Valuation

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

11.42x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: CCNE ($28.91) is trading above our estimate of fair value ($21.27)

Significantly Undervalued: CCNE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CCNE is good value based on its PE Ratio (11.4x) compared to the Banks industry average (12.6x).

PE vs Market: CCNE is good value based on its PE Ratio (11.4x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: CCNE is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: CCNE is overvalued based on its PB Ratio (1.5x) 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 1 analyst?

6.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCNE's forecast earnings growth (6.2% per year) is above the savings rate (2.7%).

Earnings vs Market: CCNE's earnings (6.2% per year) are forecast to grow slower than the US market (14.6% per year).

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

Revenue vs Market: CCNE's revenue (2.2% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: CCNE's revenue (2.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if CCNE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has CNB Financial performed over the past 5 years?

11.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CCNE's earnings have grown by 11.3% per year over the past 5 years.

Accelerating Growth: CCNE's earnings growth over the past year (36.6%) exceeds its 5-year average (11.3% per year).

Earnings vs Industry: CCNE earnings growth over the past year (36.6%) exceeded the Banks industry 29.6%.


Return on Equity

High ROE: CCNE's Return on Equity (13%) is considered low.


Return on Assets

ROA vs Industry: CCNE has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate CCNE's Return on Capital Employed to determine if it has improved over the past 3 years.


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 (0.56%)


Next Steps

Dividend

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

2.35%

Current Dividend Yield


Dividend Yield vs Market

company2.4%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Years2.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CCNE's dividend (2.35%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: CCNE's dividend (2.35%) is low compared to the top 25% of dividend payers in the US market (3.73%).

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 (26.9%), CCNE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of CNB Financial's salary, the management and board of directors tenure and is there insider trading?

5.0yrs

Average management tenure


CEO

Joe Bower (55yo)

9.8yrs

Tenure

US$1,602,513

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 ($USD1.60M) is about average for companies of similar size in the US market ($USD1.79M).

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


Management Age and Tenure

5.0yrs

Average Tenure

60yo

Average Age

Experienced Management: CCNE's management team is seasoned and experienced (5 years average tenure).


Board Age and Tenure

8.5yrs

Average Tenure

57yo

Average Age

Experienced Board: CCNE's board of directors are considered experienced (8.5 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$1,34510 Oct 19
Julie Young
EntityIndividual
Shares48.15
Max PriceUS$27.94
BuyUS$89710 Oct 19
Nicholas Scott
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares32.1
Max PriceUS$27.94
BuyUS$1,34517 Jun 19
Nicholas Scott
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares50.33
Max PriceUS$26.72
BuyUS$1,34521 Mar 19
Nicholas Scott
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares50.66
Max PriceUS$26.55
BuyUS$90,00026 Dec 18
Francis Straub
EntityIndividual
Shares4,000
Max PriceUS$22.50
BuyUS$1,34417 Dec 18
Nicholas Scott
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares54.61
Max PriceUS$24.62
BuyUS$104,00026 Nov 18
Francis Straub
EntityIndividual
Shares4,000
Max PriceUS$26.00

Ownership Breakdown


Management Team

  • Joe Bower (55yo)

    President

    • Tenure: 9.8yrs
    • Compensation: US$1.60m
  • Mark Breakey (60yo)

    Senior EVP & Chief Risk Officer

    • Tenure: 0yrs
    • Compensation: US$619.30k
  • Leanne Kassab

    Executive Vice President of Customer Experience

    • Tenure: 4.2yrs
  • Tito Lima (54yo)

    Executive VP & CFO

    • Tenure: 0.3yrs
  • Vince Turiano (68yo)

    Assistant Secretary & Executive VP of Operations

    • Tenure: 0yrs
    • Compensation: US$171.08k
  • Helen Kolar (68yo)

    Vice President

    • Tenure: 0yrs
  • Rich Greslick (42yo)

    Senior Executive VP

    • Tenure: 7.9yrs
    • Compensation: US$612.97k
  • Joe Dell (62yo)

    Senior EVP & Chief Commercial Banking Officer

    • Tenure: 5.8yrs
    • Compensation: US$492.63k
  • Martin Griffith

    Executive Vice President of Community Banking

    • Tenure: 0yrs
  • Steve Shilling

    Executive Vice President of Private Client Solutions

    • Tenure: 2.3yrs

Board Members

  • Joe Bower (55yo)

    President

    • Tenure: 9.8yrs
    • Compensation: US$1.60m
  • Jeffrey Powell (54yo)

    Independent Director

    • Tenure: 24.8yrs
    • Compensation: US$81.62k
  • Deborah Pontzer (59yo)

    Independent Director

    • Tenure: 16.3yrs
    • Compensation: US$79.40k
  • Rich Greslick (42yo)

    Senior Executive VP

    • Tenure: 7.9yrs
    • Compensation: US$612.97k
  • Robert Montler (67yo)

    Independent Director

    • Tenure: 14.3yrs
    • Compensation: US$77.70k
  • Nick Scott (46yo)

    Independent Director

    • Tenure: 6.4yrs
    • Compensation: US$74.75k
  • Richard Seager (61yo)

    Independent Director

    • Tenure: 8.8yrs
    • Compensation: US$81.75k
  • Peter Smith (64yo)

    Independent Chairman of the Board

    • Tenure: 2.8yrs
    • Compensation: US$125.10k
  • Joel Peterson (60yo)

    Independent Director

    • Tenure: 8.1yrs
    • Compensation: US$80.00k
  • Peter Varischetti (49yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$74.15k

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$437.449m
  • Shares outstanding: 15.13m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CCNENasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDOct 1990

Biography

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 c ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 23:33
End of Day Share Price2019/10/18 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.