The Manufacturers Life Insurance Company Makes New Investment in CNB Financial Corporation $CCNE

Posted by Geri Gentry on Aug 31st, 2026

The Manufacturers Life Insurance Company bought a new stake in shares of CNB Financial Corporation (NASDAQ:CCNE – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 227,448 shares of the bank’s stock, valued at approximately $7,667,000. The Manufacturers Life Insurance Company owned about 0.77% of CNB Financial at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Parallel Advisors LLC boosted its position in CNB Financial by 847.2% during 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 during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in CNB Financial in the second quarter worth $44,000. Tower Research Capital LLC TRC lifted its stake in 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 during the last quarter. Russell Investments Group Ltd. lifted its stake in 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 during the last quarter. Finally, Legal & General Group Plc boosted 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 acquiring an additional 679 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

CNB Financial Stock Performance

Shares of CNB Financial stock opened at $34.01 on Monday. CNB Financial Corporation has a 12 month low of $22.80 and a 12 month high of $36.17. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.01 billion, a PE ratio of 10.94 and a beta of 0.63. The business has a fifty day simple moving average of $34.22 and a 200-day simple moving average of $31.42.

CNB Financial (NASDAQ:CCNE – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. The firm had revenue of $87.65 million for the quarter, compared to analyst estimates of $85.87 million. CNB Financial had a return on equity of 12.85% and a net margin of 19.37%. On average, sell-side analysts anticipate that CNB Financial Corporation will post 3.56 EPS for the current fiscal year.

CNB Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Read Our Latest Research Report on CCNE

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.