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$11.00 1.20 (12.24%)
10/10/2008 2:37 PM

CNB Financial Corp (CCNE)

CAPS Rating:
*

A financial holding company for CNB Bank is engaged in banking activities and services, which include checking, savings, and time deposit accounts; real estate, commercial, industrial, residential and consumer loans; other financial services.

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Avatar mattleit (42.22) Submitted: 3/14/07 4:12 PM : Outperform Start Price: $13.81 CCNE Score: 15.98

This is a well-disciplined management group that runs this bank, with many of the top executives having started off with the bank in positions at the bottom of the food chain and worked their way to the top. Its been seen as a disadvantage in being in an area of the country where there may not the the most potential for growth, but given the environment that the big regionals have developed with the sub-prime mortgage problems, CCNE seems to be a safe pick in the financials area. The discipline that they show in steady, but not spectacular, growth (about 9% earnings growth in each of the past couple of years) combined with the new ErieBank that has been set up (a step for them that takes the bank into a larger area than what they are used to) and a very good dividend payout, all will have this stock moving up steadily with out the jumps and drops of a bigger bank.

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