Professional
Added to YB: 2021-11-18
Pitch date: 2021-11-18
CCNE [bullish]
CNB Financial Corporation
+14.7%
current return
Author Info
No bio for this author
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Company Info
CNB Financial Corporation operates as the bank holding company for CNB Bank that provides various banking products and services for individual, business, governmental, and institutional customers.
Market Cap
$730.0M
Pitch Price
$24.31
Price Target
N/A
Dividend
2.88%
EV/EBITDA
N/A
P/E
13.08
EV/Sales
N/A
Sector
Banks
Category
value
Show full summary:
Appleseed Fund new holding: CNB Financial (CCNE)
CCNE: $5B bank w/ 44 branches in PA, OH, NY. Deferrals <1% of loans post-COVID. High single digit loan growth in Cleveland, Buffalo, Roanoke. Proven mgmt delivers profit & credit discipline. 1.28x TBV, 8.2x P/E vs 1.6x, 12.5x peers. Solid long-term loan & EPS growth.
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