Fintel reports that on September 24, 2026, Piper Sandler initiated coverage of CNB Financial Corporation - Preferred Stock (NASDAQGS:CCNEP) 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.
On September 24, 2026, the latest close for the preferred stock was $24.95, following a pre-action close of $25.00 on September 23, 2026. This latest close represents a price change of +1.18% over one week, compared to a baseline close of $24.66 on September 17, 2026. Over a one-month period, the price change was +0.44% from a baseline close of $24.84 on August 24, 2026.
Separately from the rating by Piper Sandler, the current consensus target mean for the stock was $27.68 as of September 18, 2026, representing an implied change of +10.92%. The current consensus target median on that same date was $27.82. This compares to a prior consensus target mean of $28.15 on August 29, 2026, reflecting a consensus target revision of -1.70%. For the current recommendation period of September 1, 2026, the aggregate recommendation breakdown shows 3 strong buy, 5 buy, 3 hold, 0 sell, and 0 strong sell recommendations, totaling 11. This represents 72.7% positive, 27.3% hold, and 0.0% negative recommendations. In the prior period of August 1, 2026, the total recommendations were 10, consisting of 3 strong buy, 4 buy, 3 hold, 0 sell, and 0 strong sell recommendations, representing 70.0% positive, 30.0% hold, and 0.0% negative recommendations.
In other analyst activity, Raymond James initiated coverage on August 27, 2026, with an Outperform rating. Piper Sandler also initiated coverage on September 24, 2026, with an Overweight rating.
Recent analyst actions
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This story originally appeared on Fintel.