WNY Asset Management LLC Invests $835,000 in CNB Financial Corporation $CCNE

Posted by Brenda Bartman on Aug 28th, 2026

WNY Asset Management LLC bought a new stake in CNB Financial Corporation (NASDAQ:CCNE – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 24,780 shares of the bank’s stock, valued at approximately $835,000. WNY Asset Management LLC owned 0.08% of CNB Financial at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Parallel Advisors LLC increased its holdings in CNB Financial by 847.2% in the 1st quarter. Parallel Advisors LLC now owns 1,364 shares of the bank’s stock valued at $40,000 after purchasing an additional 1,220 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of CNB Financial in the second quarter worth about $44,000. Tower Research Capital LLC TRC grew 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 valued at $46,000 after buying an additional 636 shares in the last quarter. Russell Investments Group Ltd. grew 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 valued at $59,000 after buying an additional 2,426 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of CNB Financial by 35.5% during the 3rd quarter. Legal & General Group Plc now owns 2,590 shares of the bank’s stock valued at $63,000 after buying an additional 679 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

CNB Financial Trading Up 0.3%

NASDAQ:CCNE opened at $33.97 on Friday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 10.92 and a beta of 0.63. CNB Financial Corporation has a one year low of $22.80 and a one year high of $36.17. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.96 and a current ratio of 0.96. The business’s 50-day simple moving average is $34.18 and its 200 day simple moving average is $31.39.

CNB Financial (NASDAQ:CCNE – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. CNB Financial had a return on equity of 12.85% and a net margin of 19.37%.The firm had revenue of $87.65 million during the quarter, compared to analyst estimates of $85.87 million. As a group, sell-side analysts predict that CNB Financial Corporation will post 3.58 earnings per share for the current fiscal year.

CNB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 1st. CNB Financial’s payout ratio is 24.44%.

Wall Street Analyst Weigh In

Several research firms recently commented on CCNE. DA Davidson boosted their price target on CNB Financial from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $37.00 price objective (up from $35.00) on shares of CNB Financial in a research note on Friday, July 24th. Raymond James Financial started coverage on shares of CNB Financial in a research report on Wednesday. They set an “outperform” rating and a $39.00 target price on the stock. Wall Street Zen downgraded shares of CNB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNB Financial in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $36.75.

Get Our Latest Stock Report on CCNE

CNB Financial Profile

(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.