Fintel reports that on September 24, 2026, Piper Sandler initiated coverage of CNB Financial (NASDAQGS:CCNE) (DB:44I) with a Overweight recommendation.
CNB Financial Corporation, based in the United States, primarily operates within the banking industry, providing a comprehensive range of banking and financial solutions. It serves through its principal subsidiary, CNB Bank, which catannes its efforts towards a diversified portfolio including personal and business banking services, as well as wealth management. CNB Financial Corporation has further strengthened its market presence through strategic expansions and acquisitions, such as the acquisition of Bank of Akron in New York. Through its community-focused banking model, the corporation consistently works on delivering financial services tailored to the needs of the residents and businesses of the regions it serves, contributing to local economic growth and stability.
Prior to this rating action, the stock closed at $33.43 on September 23, 2026. This latest close of $33.43 on September 23, 2026, represents a price change of -1.79% over one week, compared to a baseline close of $34.04 on September 16, 2026. Over a one-month period, the stock experienced a price change of -1.21% from a baseline close of $33.84 on August 21, 2026.
The company last reported earnings on July 23, 2026. CNB Financial reported actual earnings per share (EPS) of 0.91, which exceeded the estimated EPS of 0.8741, representing a surprise of +4.11%. Actual revenue for the quarter was $76,344,000.00, compared to the estimated revenue of $80,036,003.00.
As of September 15, 2026, the current consensus target mean for the stock was $38.56, with a median target of $38.76. This mean target implies a change of +15.33%. The prior consensus target mean was $38.56 as of August 28, 2026, representing a consensus target revision percent of 0.00%.
In the current recommendation period of September 1, 2026, the aggregate analyst sentiment shows a total of 11 recommendations, consisting of 3 strong buy, 5 buy, and 3 hold recommendations, with 0 sell and 0 strong sell ratings. This represents 72.7% positive recommendations and 27.3% hold recommendations. In the prior recommendation period of August 1, 2026, there were 10 total recommendations, including 3 strong buy, 4 buy, and 3 hold ratings, representing 70.0% positive and 30.0% hold recommendations. Prior to Piper Sandler's initiation, Raymond James also initiated coverage on CNB Financial on August 27, 2026, with an Outperform rating.
Recent analyst actions
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This story originally appeared on Fintel.