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Director Jeffrey S. Powell of CNB Financial Corp (NASDAQ:CCNE), a regional bank with a market capitalization of $702 million, recently purchased shares of the company’s common stock, according to a Form 4 filing with the Securities and Exchange Commission. The stock has shown strong momentum with a 7.76% gain over the past week.
On August 11 and 12, 2025, Powell acquired a total of 1,725 shares of CNB Financial at prices ranging from $22.57 to $23.36, for a total transaction value of $39,916. Following these transactions, Powell directly owns 136,104 shares of CNB Financial. According to InvestingPro, the stock currently trades at $24.01 with a P/E ratio of 9.99 and offers a 3% dividend yield, supported by 32 consecutive years of dividend payments.
Additionally, Powell indirectly owns 4,000 shares through JJ Powell. Powell also holds 41,327.128 shares of Phantom Stock. Analysts maintain a positive outlook on CCNE, with price targets ranging from $27 to $29. For more detailed analysis and exclusive insights, check out InvestingPro, which offers additional ProTips and comprehensive financial metrics.
In other recent news, CNB Financial Corporation reported strong second-quarter earnings, surpassing analyst expectations. The company posted adjusted earnings of $0.63 per share, exceeding the analyst estimate of $0.60, while revenue reached $61.2 million, surpassing the consensus estimate of $59.55 million. Additionally, CNB Financial completed its merger with ESSA Bancorp, expanding its presence into Northeastern Pennsylvania, including the Lehigh Valley region, and adding 20 community offices to its network. Keefe, Bruyette & Woods responded to these developments by raising its price target for CNB Financial to $29.00 from $26.00, maintaining a Market Perform rating. The firm’s decision was influenced by CNB Financial’s robust second-quarter results, which exceeded both consensus estimates and the firm’s projections due to strong loan growth and favorable repricing actions. Furthermore, CNB Financial declared a quarterly cash dividend of $0.18 per share, payable on September 12, 2025, to shareholders of record as of August 29, 2025. These recent developments highlight CNB Financial’s ongoing growth and strategic expansion efforts.
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