Director Scott N. Nicholas Jr. of CNB Financial Corp (NASDAQ: CCNE) completed a purchase of common stock on March 13, 2026, acquiring 375 shares at $27.05 apiece for a total transaction value of $10,143. The purchase price reported in the Form 4 filing was modestly lower than the then-current quoted price of $27.86, which the filing notes reflects a 22% return over the preceding 12 months.
Per the Form 4 filed with the Securities and Exchange Commission, the transaction increased Nicholas N. Jr.'s direct ownership of CNB Financial Corp common stock to 38,269 shares. That total includes shares accumulated through the company’s Dividend Reinvestment Plan in the first quarter of 2026.
The SEC filing further discloses that Nicholas N. Jr. directly owns 2,000 depositary shares tied to the issuer’s preferred securities. Each depositary share represents a 1/40th interest in a share of the Issuer’s 7.125% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, no par value. The filing indicates these depositary shares were acquired through an underwritten public offering.
Transaction paperwork was executed on March 16, 2026, when Jessica A. Zupich, Attorney-in-Fact, signed the filing, formally reporting the insider purchase.
On valuation and shareholder returns, the regional bank is shown in the filing as carrying a market capitalization of $816 million and trading at a price-to-earnings ratio of 11.02. The stock offers a dividend yield of 2.8% by the company’s reported metrics. According to InvestingPro analysis included in the filing materials, CNB Financial has paid dividends for 33 consecutive years, a statistic offered as evidence of a sustained dividend policy.
In a separate corporate announcement, CNB Financial Corporation stated that its Board of Directors had declared a quarterly cash dividend of $0.19 per share of common stock. That dividend is payable on March 13, 2026, to shareholders of record as of February 27, 2026, per the company press release referenced in the filing materials. The dividend declaration is presented in the filing as part of the company’s ongoing approach to returning value to shareholders through regular cash distributions.
Context and implications
The insider purchase, the preferred depositary holdings and the dividend declaration were all reported through the company’s required filings and corporate release schedule. The transaction size and the details disclosed in the Form 4 provide a snapshot of one director’s incremental investment and the company’s current shareholder-return posture, while the valuation metrics included offer a contemporaneous view of the bank’s market standing.
Document provenance
The Form 4 reporting the insider purchase and the corporate announcement about the dividend were signed and filed in mid-March 2026, with the filing signature dated March 16, 2026.