Critical Review: Elmira Savings Bank (NASDAQ:ESBK) vs. CNB Financial (NASDAQ:CCNE)

Elmira Savings Bank (NASDAQ: ESBKGet a rating) and CNB Financial (NASDAQ: CCNEGet a rating) are both finance companies, but which is the better investment? We’ll compare the two companies based on the strength of their analyst recommendations, valuation, profitability, risk, dividends, earnings, and institutional ownership.

Risk and Volatility

Elmira Savings Bank has a beta of 0.98, which means its stock price is 2% less volatile than the S&P 500. In comparison, CNB Financial has a beta of 0.92, which means its stock price is 8 % less volatile than the S&P 500.


This table compares the net margins, return on equity and return on assets of Elmira Savings Bank and CNB Financial.

Net margins Return on equity return on assets
Elmira savings bank 19.63% N / A N / A
CNB Financial 27.09% 15.42% 1.12%

Benefits and evaluation

This table compares the gross revenue, earnings per share and valuation of Elmira Savings Bank and CNB Financial.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Elmira savings bank $26.58 million N / A $5.22 million $1.48 15.50
CNB Financial $213.03 million 1.96 $57.71 million $3.16 7.81

CNB Financial has higher revenue and profit than Elmira Savings Bank. CNB Financial trades at a lower price-to-earnings ratio than Elmira Savings Bank, indicating that it is currently the more affordable of the two stocks.

Analyst Notes

This is a summary of the current ratings and price targets for Elmira Savings Bank and CNB Financial, as provided by MarketBeat.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Elmira savings bank 0 0 0 0 N / A
CNB Financial 0 0 1 0 3.00

Institutional and insider ownership

8.8% of Elmira Savings Bank shares are held by institutional investors. By comparison, 42.0% of CNB Financial’s shares are held by institutional investors. 3.1% of CNB Financial shares are held by insiders of the company. Strong institutional ownership indicates that endowments, large fund managers, and hedge funds believe a company is poised for long-term growth.


Elmira Savings Bank pays an annual dividend of $0.60 per share and has a dividend yield of 2.6%. CNB Financial pays an annual dividend of $0.70 per share and has a dividend yield of 2.8%. Elmira Savings Bank pays 40.5% of its profits as a dividend. CNB Financial pays 22.2% of its profits as a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings over the next few years. CNB Financial has increased its dividend for 1 consecutive year. CNB Financial is clearly the better dividend-paying stock, given its higher yield and longer track record of dividend growth.


CNB Financial beats Elmira Savings Bank on 12 out of 14 factors compared between the two stocks.

About Elmira Savings Bank (Get a rating)

Elmira Savings Bank provides financial services to consumers and businesses. It offers savings and money market accounts, term deposits, retail and commercial checking accounts, and NOW accounts; certificates of deposit; residential and commercial real estate, construction, commercial loans, as well as consumer loans, including installment loans, overdraft line of credit and home equity loans; and mortgage loans secured by first and second liens on single family residences of four. The company also operates a real estate investment trust; and provides financial planning advisory services. The company operates through a network of twelve full-service offices located in Chemung, Tompkins, Cayuga, Schuyler and Steuben counties; and a limited-service office located in Broome County, New York. Elmira Savings Bank was founded in 1869 and is based in Elmira, New York.

About CNB Financial (Get a rating)

CNB Financial Corporation is the banking holding company of CNB Bank which provides a range of banking products and services to retail, business, government and institutional clients. The company accepts checking, savings and term deposit accounts; and offers real estate, commercial, industrial, residential and consumer loans, as well as various other specialized financial services. It also provides wealth and asset management services, including the administration of trusts and estates, pension plans and other employee benefit plans, as well as a range of wealth management services. . In addition, the Company invests in debt and equity securities; sells non-exclusive annuities and other insurance products; and low balance unsecured loans and secured loans primarily secured by automobiles and equipment. As of February 8, 2022, the company operated a private banking division; three loan production offices; a drive-up office; and 45 full-service offices in Pennsylvania, Ohio, New York and Virginia. CNB Financial Corporation was founded in 1865 and is headquartered in Clearfield, Pennsylvania.

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