CNB Financial (CCNE) Stock Dips 5.40% Amid Market Volatility

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Nov 07, 2024

CNB Financial (CCNE, Financial) recently experienced a significant stock fluctuation with its price plunging by 5.40%. The stock is currently trading at $27.67, with a volume of 68,336 shares and a turnover rate of 0.33%. The stock's fluctuation margin is at 4.96%.

In its latest financial report, CNB Financial recorded a revenue of $94.21 million and a net profit of $13.95 million, resulting in earnings per share (EPS) of $0.61. The company’s price-to-earnings (P/E) ratio stands at 12.01. As of now, there are no institutional ratings available suggesting a buy, hold, or sell for this stock.

Within the banking sector, where CNB Financial operates, the overall decline was 1.57%. Notably, similar stocks like Fanhua Financial, Loandepot, Inc., and Macatawa Bank saw significant gains. Meanwhile, stocks such as Uwm Holdings Corporation, Grupo Supervielle S.A., and Rocket Companies, Inc. showed high trading activity. Better Home & Finance Holding C/Wts 22/08/2028(To Pur Com), Fanhua Financial, and Bank of America exhibited notable volatility with amplitude rates of 20.43%, 16.36%, and 11.99%, respectively.

CNB Financial Corp provides comprehensive financial solutions, including deposit accounts, private banking, real estate and various loans, credit services, online and mobile banking, as well as wealth management services. They also offer retirement plans and employee benefits.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.