Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from Cnb Financial ( (CCNE) ).
On January 9, 2025, CNB Financial Corporation and its subsidiary CNB Bank entered into a merger agreement with ESSA Bancorp, Inc. and its subsidiary ESSA Bank & Trust. As part of this agreement, on July 15, 2025, CNB appointed three new board members from ESSA, contingent upon the merger’s completion. These appointments are set to last until the 2026 annual shareholder meeting, with varying term lengths for each member. Additionally, CNB amended its bylaws to allow waivers for mandatory director retirement age in connection with business combinations.
The most recent analyst rating on (CCNE) stock is a Buy with a $26.50 price target. To see the full list of analyst forecasts on Cnb Financial stock, see the CCNE Stock Forecast page.
Spark’s Take on CCNE Stock
According to Spark, TipRanks’ AI Analyst, CCNE is a Outperform.
Cnb Financial’s strong financial performance and recent positive corporate events, including a strategic merger and share buyback, drive its overall score. Favorable technical analysis and valuation metrics further support the stock’s potential attractiveness. However, caution is advised due to some financial volatility and overbought technical indicators.
To see Spark’s full report on CCNE stock, click here.
More about Cnb Financial
Average Trading Volume: 74,146
Technical Sentiment Signal: Strong Buy
Current Market Cap: $497.2M
See more insights into CCNE stock on TipRanks’ Stock Analysis page.