Revenue Update on CNB Financial Corp(NASDAQ:CCNE)

CNB Financial Corp(NASDAQ:CCNE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $23.77M. Analysts estimated a revenue of $20.15M. Earnings per share were $0.28. Analysts had estimated an EPS of $0.38.

CNB Financial Corp (CCNE) made into the market gainers list on Wednesdays trading session with the shares advancing 0.27% or 0.05 points. Due to strong positive momentum, the stock ended at $18.83, which is also near the day’s high of $18.9. The stock began the session at $18.78 and the volume stood at 11,339 shares. The 52-week high of the shares is $18.9 and the 52 week low is $16.39. The company has a current market capitalization of $272 M and it has 1,44,58,818 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Nicholas N. Jr. Scott (director) purchased 101 shares at $17.80 per share price.Also, On May 27, 2016, Joseph B Jr Bower (CEO) purchased 850 shares at $17.81 per share price.On May 12, 2016, Joseph E Jr Dell (Executive Vice President) purchased 14 shares at $17.93 per share price, according to the Form-4 filing with the securities and exchange commission.

CNB Financial Corporation is a financial holding company. The Company provides a range of banking and related services through its wholly owned subsidiary CNB Bank (the Bank). The Bank provides a range of banking activities and services for individual business governmental and institutional customers. These activities and services include checking savings and time deposit accounts; real estate commercial industrial residential and consumer loans and a variety of other specialized financial services. The Bank has around 37 full service branch offices and two loan production offices located in various communities including the Pennsylvania counties. The Bank operates two divisions: ERIEBANK and FCBank. As ERIEBANK the Bank operates in the Pennsylvania counties of Crawford Erie and Warren. As FCBank the Bank operates in the Ohio counties of Crawford Richland Ashland Wayne Marion Morrow Knox Holmes Delaware and Franklin.

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