Wellington Management Amends CNB Financial Stake Disclosure

TL;DR

**Wellington Management Group LLP updated their CNB Financial Corp/PA holdings, confirming continued institutional interest.**

AI Summary

Wellington Management Group LLP, a Massachusetts-based investment firm, filed an amended SC 13G/A on February 8, 2024, indicating their ownership of CNB Financial Corporation (CNB Financial Corp/PA) common stock. This filing, triggered by an event on December 29, 2023, updates their previous disclosure regarding their stake in the Pennsylvania-based commercial bank. This matters to investors because it shows a significant institutional investor continues to hold a position, potentially signaling confidence in the company's long-term prospects.

Why It Matters

This filing confirms Wellington Management Group LLP's continued institutional ownership in CNB Financial Corporation, which can be a positive signal for current and prospective shareholders.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, not indicating any immediate significant risk or change in company fundamentals.

Analyst Insight

An investor should note that a major institutional investor like Wellington Management Group LLP continues to hold a position in CNB Financial Corporation, suggesting ongoing confidence. However, this filing does not disclose the size of their current stake, so further investigation into their specific holdings would be beneficial.

Key Players & Entities

• Wellington Management Group LLP (company) — the reporting person and institutional investor
• CNB Financial Corporation (company) — the subject company whose stock is being reported
• Massachusetts (company) — place of organization for Wellington Management Group LLP
• Pennsylvania (company) — state of incorporation for CNB Financial Corp/PA
• December 29, 2023 (date) — date of event requiring the filing
• February 8, 2024 (date) — date the SC 13G/A was filed

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 35KB
• 0000902219-24-000155.txt ( ) — 36KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) * CNB Financial Corporation (Name of Issuer) Common Stock (Title of Class of Securities) 126128107 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 126128107 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,170,197 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,204,518 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,204,518 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.76% 12. TYPE OF REPORTING PERSON HC CUSIP No. 126128107 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,170,197 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,204,518 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,204,518 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.76% 12. TYPE OF REPORTING PERSON HC CUSIP No. 126128107 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,170,197 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,204,518 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,204,518 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.76% 12. TYPE OF REPORTING PERSON HC CUSIP No. 126128107 1. NAMES OF REPORTING PERSONS Wellington Management Company LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,147,441 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,181,762 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,181,762 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.65% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer CNB Financial Corporation (b) Address of Issuer's Principal Executive Offices 1 South Second Street Clearfield, PA 16830 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP Wellington Management Company LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware Wellington Management Company LLP - Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 126128107 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined

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View this SC 13G/A filing on SEC EDGAR