As of Wednesday close, CVB Financial Corp.’s (NASDAQ:CVBF) stock was down -$0.28, moving down -0.98 percent to $28.16. The average number of shares traded per day over the past five days has been 551,700 shares. 4 times new highs have been achieved over the past 5 days, with a $0.93 gain in that time frame. In the last twenty days, the average volume was 585,295, while in the previous 50 days, it was 673,222.
Since last month, CVBF stock rose 3.95%. Shares of the company fell to $26.20 on 10/24/22, the lowest level in the past month. A 52-week high of $29.25 was reached on 11/11/22 after having rallying from a 52-week low of $19.00. Since the beginning of this year, CVBF’s stock price has risen by 31.53% or $6.75, and marked a new high 42 times. However, the stock has declined by -3.73% since its 52-week high.
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CVBF stock investors should be aware that CVB Financial Corp. (CVBF) stock had its last reported insider trading activity 24 days ago on Oct 31. Farnsworth David F, the EVP & CCO of the company, disposed of 11,553 shares for $28.51 on Oct 31. It resulted in a $329,405 divestment by the insider. Farnsworth David F sold 3,447 shares at an average price of $28.48 on Oct 28. The insider now owns 34,796 shares following the transaction. On May 23, Director Kan Anna sold 7,000 shares at $24.20 apiece. The transaction was valued at $169,400.
Right now, CVB Financial Corp. (CVBF) has a P/E ratio of about 18.10. The stock’s beta is 0.39. Besides these, the trailing price-to-sales (P/S) ratio of 8.14, the price-to-book (PB) ratio of 2.08, and the price-to-cash flow ratio of 22.56 may also be considered.
The latest dividend of $0.20 per share was paid out, which is 5.26% more than last year’s $0.19. On Wednesday September 21 2022, a $0.01 dividend increase was announced.
In the year ended September 29, operating margins totaled 98.80%. Based on annual data, CVBF earned $414.55 million in gross profit and brought in $420.63 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.10%. Return on equity (ROE) for the past 12 months was 10.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected CVB Financial Corp. to report $0.44 quarterly earnings, the actual figure was $0.46 per share, beating the consensus estimate by 4.50%. The value of shareholders’ equity is $139.81 million.
This quick technical analysis looks at CVB Financial Corp.’s (CVBF) price momentum. With a historical volatility rate of 22.19%, the RSI 9-day stood at 54.57% on 23 November.
With respect to its five-day moving average, the current CVB Financial Corp. price is up by +3.42% percent or $0.93. At present, CVBF shares trade +3.34% above its 20-day simple moving average and +12.69% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.83% above its SMA50 and +18.77% above its SMA200.
Stochastic coefficient K was 56.55% and Stochastic coefficient D was 47.82%, while ATR was 0.59. Given the Stochastic reading of 53.42% for the 14-day period, the RSI (14) reading has been calculated as 54.68%. As of today, the MACD Oscillator reading stands at 0.38, while the 14-day reading stands at 0.17.
CVB Financial Corp. downgraded its rating on CVB Financial Corp. (NASDAQ: CVBF) to a Mkt perform in a note to investors on October 21, 2022. The analysts firm previously had an Outperform rating on the stock.