Investment firm Stephens has begun coverage of CNB Financial Corporation (CCNE, Financial), giving it an Overweight rating and setting a price target of $26.50. The firm highlights the potential of the financial institution, which currently boasts assets totaling $6.2 billion and is on track to reach $8.5 billion.
Stephens recognizes CNB Financial as a promising yet underappreciated player in western Pennsylvania's banking sector. A key driver of the firm's optimistic outlook is the expected expansion of the bank's net interest margin, anticipated to occur with the completion of its acquisition of ESSA Bancorp (ESSA).
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for CNB Financial Corp (CCNE, Financial) is $27.50 with a high estimate of $28.00 and a low estimate of $27.00. The average target implies an upside of 33.37% from the current price of $20.62. More detailed estimate data can be found on the CNB Financial Corp (CCNE) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, CNB Financial Corp's (CCNE, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for CNB Financial Corp (CCNE, Financial) in one year is $24.87, suggesting a upside of 20.61% from the current price of $20.62. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the CNB Financial Corp (CCNE) Summary page.
