Stock Analysis Report

Commercial National Financial

Executive Summary

Commercial National Financial Corporation operates as a bank holding company for Commercial Bank & Trust of PA that provides various banking services in Pennsylvania.

Snowflake Analysis

Flawless balance sheet established dividend payer.

Similar Companies

Share Price & News

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

Latest Share Price and Events

Stable Share Price: CNAF 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: CNAF exceeded the US Banks industry which returned -27.8% over the past year.

Return vs Market: CNAF underperformed the US Market which returned -10.7% over the past year.

Shareholder returns

7 Day2.0%2.9%5.3%
30 Day-15.1%-26.3%-13.6%
90 Day-16.3%-39.3%-19.8%
1 Year-7.4%-17.8%-25.6%-27.8%-8.9%-10.7%
3 Year0.8%-19.5%-17.1%-23.1%15.5%8.0%
5 Year7.0%-25.7%10.9%-1.7%35.2%20.4%

Price Volatility Vs. Market

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

Simply Wall St News

No news available


Is Commercial National 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: CNAF ($17.1) is trading below our estimate of fair value ($27.96)

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

Price To Earnings Ratio

PE vs Industry: CNAF is poor value based on its PE Ratio (10.3x) compared to the Banks industry average (8.9x).

PE vs Market: CNAF is good value based on its PE Ratio (10.3x) compared to the US market (13.1x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CNAF's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: CNAF is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (0.8x).

Next Steps

Future Growth

How is Commercial National Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Commercial National Financial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Next Steps

  • Examine whether Commercial National Financial is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Commercial National Financial's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has Commercial National Financial performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CNAF has high quality earnings.

Growing Profit Margin: CNAF's current net profit margins (26.1%) are higher than last year (24.9%).

Past Earnings Growth Analysis

Earnings Trend: CNAF's earnings have declined by -3.5% per year over the past 5 years.

Accelerating Growth: CNAF's earnings growth over the past year (9%) exceeds its 5-year average (-3.5% per year).

Earnings vs Industry: CNAF earnings growth over the past year (9%) underperformed the Banks industry 10.9%.

Return on Equity

High ROE: CNAF's Return on Equity (7.5%) is considered low.

Next Steps

Financial Health

How is Commercial National 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: CNAF has a low level of unsold assets or inventory.

Debt Coverage by Assets: CNAF's debt is not covered by short term assets (assets are 0.2x debt).

Financial Institutions Analysis

Asset Level: CNAF's level of assets compared to its equity is low.

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

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

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

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

Level of Bad Loans: CNAF has an appropriate level of bad loans (0.17%)

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CNAF's dividend (6.08%) is higher than the bottom 25% of dividend payers in the US market (1.95%).

High Dividend: CNAF's dividend (6.08%) is in the top 25% of dividend payers in the US market (5.37%)

Stability and Growth of Payments

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

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

Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62.8%), CNAF's dividend payments are 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


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


Average management tenure


Gregg Hunter (60yo)





Mr. Gregg E. Hunter serves as Chief Executive Officer and President of Commercial National Financial Corp. Mr. Hunter served as President and Chief Executive Officer for Commercial National Financial Corp. ...

Leadership Team

Gregg Hunter
Vice Chairman16.08yrsUS$323.84kno data
Thomas Watters
Executive VP & CFO14.67yrsUS$121.17kno data
Keith Visconti
Executive Vice President of Sales and Serviceno dataUS$128.57kno data
Michael Palko
Senior VP of Technologyno datano datano data
Cheryl Letterio
Compliance Officer and Senior Vice Presidentno datano datano data
Kelly Moreman
Executive Vice President and Division Manager of Risk Management & Support10.58yrsno datano data
Michael Matthews
Senior Vice Presidentno datano datano data
Wendy Piper
Director & Secretaryno datano datano data
Susan Skoloda
VP of Corporate Controls & Community Relations Officer16yrsno datano data
Elaine Bohatch
Chief Investment Officer & Senior VP - Commercial Bank & Trust of PA9.17yrsno datano data


Average Tenure


Average Age

Experienced Management: CNAF's management team is seasoned and experienced (14.7 years average tenure).

Board Members

Gregg Hunter
Vice Chairman16.08yrsUS$323.84kno data
Wendy Piper
Director & Secretaryno datano datano data
Joseph Mosso
Independent Director30.17yrsUS$37.00kno data
Debra Spatola
Independent Director22.83yrsUS$34.60kno data
George Welty
Chairman of the Board15.83yrsUS$83.80kno data
John Babilya
Independent Director20.83yrsUS$41.00kno data
Bruce Robinson
Independent Director16.17yrsUS$42.00kno data
Steven Landers
Independent Director16.17yrsUS$39.40kno data
Roy Landers
Director7.83yrsno datano data


Average Tenure


Average Age

Experienced Board: CNAF's board of directors are seasoned and experienced ( 18.5 years average tenure).


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

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

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

Top Shareholders

Company Information

Commercial National Financial Corporation's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Commercial National Financial Corporation
  • Ticker: CNAF
  • Exchange: OTCPK
  • Founded: 1934
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$48.923m
  • Shares outstanding: 2.86m
  • Website: https://www.cnbthebankonline.com

Number of Employees


  • Commercial National Financial Corporation
  • 900 Ligonier Street
  • Latrobe
  • Pennsylvania
  • 15650
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CNAFOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMar 1994


Commercial National Financial Corporation operates as a bank holding company for Commercial Bank & Trust of PA that provides various banking services in Pennsylvania. The company offers checking, money market investment, and savings accounts; and business-time deposits, as well as certificates of deposit. It also provides loan products, such as residential mortgages, construction mortgages, home-equity loans, personal lines of credit, personal loans, and automobile loans; and commercial loans, mortgages, term loans, and lines of credit. In addition, the company offers other services, including automatic teller machine access/debit card, online banking, mobile banking, and online bill payment services; and direct deposit\payroll processing and night depository services. Further, it provides asset management and trust services comprising trust and estate, investment management, and cash management services, as well as retirement products. The company operates a network of nine community offices with facilities in Greensburg, Hempfield Township, Latrobe, Ligonier, North Huntingdon, Unity Township, and West Newton. Commercial National Financial Corporation was founded in 1934 and is headquartered in Latrobe, Pennsylvania. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 00:05
End of Day Share Price2020/03/27 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.