Renaissance Technologies LLC Sells 26,700 Shares of CNB Financial Corporation $CCNE

Posted by George Bondi on Aug 6th, 2026

Renaissance Technologies LLC reduced its position in CNB Financial Corporation (NASDAQ:CCNE – Free Report) by 12.4% in the first quarter, Holdings Channel.com reports. The fund owned 188,445 shares of the bank’s stock after selling 26,700 shares during the period. Renaissance Technologies LLC’s holdings in CNB Financial were worth $5,457,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Flagship Harbor Advisors LLC purchased a new stake in CNB Financial during the 4th quarter valued at $27,000. Parallel Advisors LLC increased its holdings in shares of CNB Financial by 847.2% in the 1st quarter. Parallel Advisors LLC now owns 1,364 shares of the bank’s stock worth $40,000 after purchasing an additional 1,220 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of CNB Financial by 46.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,995 shares of the bank’s stock worth $46,000 after purchasing an additional 636 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of CNB Financial by 16,173.3% in the third quarter. Russell Investments Group Ltd. now owns 2,441 shares of the bank’s stock worth $59,000 after purchasing an additional 2,426 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of CNB Financial by 35.5% during the third quarter. Legal & General Group Plc now owns 2,590 shares of the bank’s stock valued at $63,000 after purchasing an additional 679 shares in the last quarter. 52.35% of the stock is owned by institutional investors.

CNB Financial Price Performance

Shares of CCNE opened at $35.55 on Thursday. The firm has a market cap of $1.05 billion, a PE ratio of 11.43 and a beta of 0.63. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $33.25 and a two-hundred day simple moving average of $30.64. CNB Financial Corporation has a 1-year low of $21.63 and a 1-year high of $36.17.

CNB Financial (NASDAQ:CCNE – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The bank reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The firm had revenue of $87.65 million for the quarter, compared to the consensus estimate of $85.87 million. CNB Financial had a return on equity of 13.02% and a net margin of 19.37%. On average, equities analysts anticipate that CNB Financial Corporation will post 3.58 EPS for the current year.

CNB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, June 1st. CNB Financial’s dividend payout ratio is 24.44%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CCNE shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $37.00 price objective (up from $35.00) on shares of CNB Financial in a research report on Friday, July 24th. DA Davidson boosted their target price on CNB Financial from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Wall Street Zen upgraded shares of CNB Financial from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNB Financial in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.00.

View Our Latest Stock Analysis on CNB Financial

About CNB Financial

(Free Report)

CNB Financial Corporation (NASDAQ: CCNE) is a bank holding company headquartered in Clearfield, Pennsylvania. The company operates through its wholly owned subsidiary, CNB Bank & Trust, providing a full suite of community banking services. With a focus on relationship-driven banking, CNB Financial seeks to serve individuals, small businesses and agricultural clients across central Pennsylvania.

The company’s core offerings include deposit products such as checking accounts, savings accounts, money market accounts and certificates of deposit.