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4 Reasons to Bet on CNB Financial (CCNE) Stock Right Now
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Top-line strength and robust fundamentals make CNB Financial Corporation (CCNE - Free Report) an attractive pick now. Further, a relatively higher rate environment and improving domestic economy should continue to support the company’s financials.
Further, analysts seem to be optimistic about CNB Financial prospects as the stock is witnessing upward estimate revisions. Over the past 60 days, the Zacks Consensus Estimate for the current year has been revised 2% upward. Thus, the stock currently carries a Zacks Rank #2 (Buy).
CNB Financial’s shares have gained 25% so far this year compared with the industry’s growth of 10.5%.
Why the Stock is an Attractive Choice
Revenue Growth: CNB Financial’s organic growth remains strong. Revenues witnessed a compound annual growth rate of 21.9% over the last five years (2014-2018). Further, the top line is expected to increase 10.2% in 2019.
Earnings Strength: CNB Financial’s earnings growth potential is reflected by 9.2% growth rate recorded over the last three to five years. Further, it is projected to record earnings growth of 14.5% for the current year compared with the industry average of 4.9%. Also, the earnings momentum is anticipated to continue next year, with 7.5% growth expectation.
Superior Return on Equity: CNB Financial has a return on equity of 13.88% compared with the industry average of 10.15%. This indicates that the company reinvests more efficiently compared to its peers.
Stock Looks Undervalued: The stock currently has a Value Score of B. Also, it looks undervalued with respect to its price-to-earnings and price-to-sales ratios. The company’s P/E and P/S ratios of 10.99 and 2.5, respectively, are below the industry average of 11.68 and 2.75.
The Value Style Score condenses all valuation metrics into one actionable score, which helps investors steer clear of “value traps” and identify stocks that are truly trading at a discount. Our research shows that stocks with Style Score of A or B, when combined with Zacks Rank #1 (Strong Buy) or 2, offer the best upside potential.
First Horizon’s Zacks Consensus Estimate for current-year earnings has been revised 8.2% upward over the past 60 days. Also, its share price has jumped 25.4% so far this year.
Meridian Bank has witnessed a 3.6% upward earnings estimates revision for the current year in the past 60 days. Moreover, year to date, its shares have gained 2%.
Customers Bancorp’s earnings estimates for 2019 have remained stable over the past 30 days. Further, so far this year, its shares have jumped 13%.
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4 Reasons to Bet on CNB Financial (CCNE) Stock Right Now
Top-line strength and robust fundamentals make CNB Financial Corporation (CCNE - Free Report) an attractive pick now. Further, a relatively higher rate environment and improving domestic economy should continue to support the company’s financials.
Further, analysts seem to be optimistic about CNB Financial prospects as the stock is witnessing upward estimate revisions. Over the past 60 days, the Zacks Consensus Estimate for the current year has been revised 2% upward. Thus, the stock currently carries a Zacks Rank #2 (Buy).
CNB Financial’s shares have gained 25% so far this year compared with the industry’s growth of 10.5%.
Why the Stock is an Attractive Choice
Revenue Growth: CNB Financial’s organic growth remains strong. Revenues witnessed a compound annual growth rate of 21.9% over the last five years (2014-2018). Further, the top line is expected to increase 10.2% in 2019.
Earnings Strength: CNB Financial’s earnings growth potential is reflected by 9.2% growth rate recorded over the last three to five years. Further, it is projected to record earnings growth of 14.5% for the current year compared with the industry average of 4.9%. Also, the earnings momentum is anticipated to continue next year, with 7.5% growth expectation.
Superior Return on Equity: CNB Financial has a return on equity of 13.88% compared with the industry average of 10.15%. This indicates that the company reinvests more efficiently compared to its peers.
Stock Looks Undervalued: The stock currently has a Value Score of B. Also, it looks undervalued with respect to its price-to-earnings and price-to-sales ratios. The company’s P/E and P/S ratios of 10.99 and 2.5, respectively, are below the industry average of 11.68 and 2.75.
The Value Style Score condenses all valuation metrics into one actionable score, which helps investors steer clear of “value traps” and identify stocks that are truly trading at a discount. Our research shows that stocks with Style Score of A or B, when combined with Zacks Rank #1 (Strong Buy) or 2, offer the best upside potential.
Other Stocks to Consider
Some other stocks in the same space worth a look are First Horizon National Corporation (FHN - Free Report) , Meridian Bank (MRBK - Free Report) and Customers Bancorp, Inc (CUBI - Free Report) . All the stocks flaunt a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
First Horizon’s Zacks Consensus Estimate for current-year earnings has been revised 8.2% upward over the past 60 days. Also, its share price has jumped 25.4% so far this year.
Meridian Bank has witnessed a 3.6% upward earnings estimates revision for the current year in the past 60 days. Moreover, year to date, its shares have gained 2%.
Customers Bancorp’s earnings estimates for 2019 have remained stable over the past 30 days. Further, so far this year, its shares have jumped 13%.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
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