Dropping The 52 Week Low, CNB Financial Corp (Nasdaq:CCNE) Finishing At $23.96

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Shipwreck freeimages.com/Roger Buser
Shipwreck freeimages.com/Roger Buser

CNB Financial Corp (Nasdaq:CCNE)

December 7th, 2018

Amidst falling markets CNB Financial Corp fell $1.52 Friday, a 5.97% drop, closing at $23.96. As well as the drop in value, CNB Financial Corp hit a new 52 week low of $23.71, breaking the previous low of $25.27 from earlier this August. Despite the drop in value, trading volumes were solid at 218% of normal which can indicate investor opportunities.

CCNE was outperformed by the rest of the Financials sector which went down just 1.84%.

Expectations from 2 analysts indicates that CNB Financial Corp could increase significantly (30%), while Finbox has calculated (with high uncertainty) a fair value price of $22.51.

Market Sectors

The market sectors were mixed Friday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.40%), while Information Technology saw the biggest drop (3.53%). Healthcare has seen the biggest year-to-date gain at 9.38%. The biggest loss this year has been the Materials sector dropping 15%.

Utilities saw the biggest turnaround from its 5-day performance of 2.89%, as it went up 0.40%. Real Estate saw a turn around from its 5-day performance of 1.28% trading down 1.44%.

Sector Breakdown

  • Utilities went up with a 0.40% change.
  • Energy went down with a -0.64% change.
  • Consumer Staples went down with a -1.29% change.
  • Real Estate went down with a -1.44% change.
  • Financials went down with a -1.84% change.
  • Communication Services went down with a -2.09% change.
  • Healthcare went down with a -2.51% change.
  • Materials went down with a -2.54% change.
  • Industrials went down with a -2.62% change.
  • Consumer Discretionary went down with a -3.08% change.
  • Information Technology went down with a -3.53% change.

CNB Financial Corp Info

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. It 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. The company 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, it 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 13, 2018, the company operated 31 full-service offices in Pennsylvania and northeast Ohio; 7 full-service offices and 1 loan production office in central Ohio; and 3 full-service offices in northwest New York. CNB Financial Corporation was founded in 1865 and is headquartered in Clearfield, Pennsylvania.

All amounts in USD unless otherwise indicated

CCNE daily update
CCNE daily update

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