Alert: Positive Investment/Fundamental Signals (12/11/23)-CNB Financial Corp/PA (NASDAQ: CCNE)


Significant positive changes in investment behavior have recently occurred for CNB Financial Corp/PA (NASDAQ: CCNE): the stock rose on very heavy volume.

CNB Financial Corp/PA (NASDAQ: CCNE). Important positive changes in fundamentals have recently occurred: the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, CCNE is expected to continue to be a modest Value Builder.

CNB Financial has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. CNB Financial has a good Appreciation Score of 71 and a good Power Rating of 72, leading to the Positive Value Trend Rating.

Recent Price Action

On 12/11/23, CNB Financial Corp/PA (NASDAQ: CCNE) stock rose modestly by 0.6%, closing at $20.87. Moreover, this advance was accompanied by exceptionally high trading volume at 214% of normal. The stock has risen 0.5% during the last week and has been strong relative to the market over the last nine months.

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