Stieven Capital Advisors L.P. Sells 5,400 Shares of CNB Financial Co. (NASDAQ:CCNE)

Stieven Capital Advisors L.P. trimmed its stake in CNB Financial Co. (NASDAQ:CCNE) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 212,078 shares of the bank’s stock after selling 5,400 shares during the period. Stieven Capital Advisors L.P.’s holdings in CNB Financial were worth $5,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in CCNE. Hotchkis & Wiley Capital Management LLC grew its position in CNB Financial by 0.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 143,790 shares of the bank’s stock worth $3,460,000 after buying an additional 390 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of CNB Financial by 1.8% during the 4th quarter. Rhumbline Advisers now owns 31,557 shares of the bank’s stock worth $784,000 after purchasing an additional 565 shares in the last quarter. Martingale Asset Management L P increased its position in shares of CNB Financial by 1.6% during the third quarter. Martingale Asset Management L P now owns 62,534 shares of the bank’s stock valued at $1,505,000 after purchasing an additional 1,013 shares during the period. SG Americas Securities LLC raised its stake in shares of CNB Financial by 17.4% in the fourth quarter. SG Americas Securities LLC now owns 8,808 shares of the bank’s stock valued at $219,000 after purchasing an additional 1,305 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in CNB Financial by 5.0% in the fourth quarter. Empowered Funds LLC now owns 72,406 shares of the bank’s stock worth $1,800,000 after purchasing an additional 3,450 shares during the period. Institutional investors own 52.35% of the company’s stock.

CNB Financial Trading Down 0.6 %

Shares of CCNE opened at $26.13 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.19. The stock has a market cap of $548.47 million, a PE ratio of 10.98 and a beta of 0.71. CNB Financial Co. has a 1 year low of $17.74 and a 1 year high of $29.29. The stock has a 50 day simple moving average of $25.36 and a 200-day simple moving average of $25.08.

CNB Financial (NASDAQ:CCNE) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. CNB Financial had a return on equity of 10.24% and a net margin of 14.97%. On average, sell-side analysts predict that CNB Financial Co. will post 2.04 EPS for the current fiscal year.

CNB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Friday, February 28th. CNB Financial’s dividend payout ratio is currently 30.25%.

Wall Street Analysts Forecast Growth

CCNE has been the topic of several analyst reports. StockNews.com lowered shares of CNB Financial from a “buy” rating to a “hold” rating in a report on Friday. Keefe, Bruyette & Woods lowered their target price on shares of CNB Financial from $30.00 to $28.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th.

CNB Financial Profile

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.