The stock of CVB Financial Corp. (NASDAQ:CVBF) decreased by $0.0 on Friday to finish at $17.37, down 0.00 percent. The last five days have seen an average of 717,640 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$8.38. The average number of shares traded over the last 20 days was 934,230, while the average volume over the last 50 days totaled 1,380,266.
CVBF stock dropped -3.66% since last month. On 07/26/23, the company’s shares reached a one-month low of $16.67. The stock touched a high of $29.25 on 01/03/23, after rallying from a low of $10.66 in 52 weeks. The price of CVBF stock has declined by -32.54% or -$8.38 this year, reaching a new high 1 time. Still, the stock price is down -40.62% from the 52-week high.
Insider Transactions
CVBF stock investors should be aware that CVB Financial Corp. (CVBF) stock had its last reported insider trading activity 20 days ago on Aug 08. On Aug 08, Director Borba George A Jr acquired 92,704 shares at $19.11 each. This transaction resulted in the insider spending $1,771,870. On Aug 07, Borba George A Jr added 165,000 shares at a price of US$19.52. After the transaction, the insider now owns 165,000 shares. EVP & CCO Farnsworth David F had earlier bought 1,250 shares on Jul 31 for $18.67 a share. The transaction was completed for $23,338.
Valuation Metrics
CVB Financial Corp. (CVBF) has a trailing price-to-earnings (P/E) ratio of 9.88. Beta for the stock is 0.44. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.25, the price-to-book (PB) ratio of 1.20, and the price-to-cash flow ratio of 8.01.
Company paid $0.20 per share in dividends, remained unchanged from $0.20 last year. A $0.01 dividend increase was reported on Wednesday September 21 2022.
Financial Health
CVB Financial Corp.’s operating margin stood at 89.50% for the same period. Based on annual data, it had gross profit of $505.51 million and revenue of $514.67 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CVBF’s return on assets (ROA) during the last 12 months has been 1.50%. There was a 20.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.50%.
Earnings Surprise
According to CVB Financial Corp.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that CVB Financial Corp.’s quarterly earnings would be $0.4, but it ended up being $0.38, beating the consensus by 5.30%. At the end of CVB Financial Corp.’s most recent quarter ended June 29, its total debt was $1.97 billion. Equity owned by shareholders amounts to $139.34 million.
Technical Picture
Here’s a quick look at CVB Financial Corp.’s (CVBF) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 40.58%, suggesting the stock is Neutral, with a 22.00% historical volatility rate.
The stochastic %K and %D were 14.91% and 10.53% respectively, while the average true range (ATR) was 0.55. Based on the 14-day stochastic reading of 15.94%, the RSI (14) reading is 48.70%. On the 9-day MACD Oscillator, the stock is at -0.16, and the 14-day reading is at -0.73.
Analyst Ratings
In its most recent analyst report, Janney raised its rating on CVB Financial Corp. (NASDAQ: CVBF) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned CVB Financial Corp. (CVBF) an Overweight rating. CVBF is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is CVBF’s price target for the next 12 months?
The current consensus forecast for the stock is between $19.00 and $23.00, with a median target price of $20.50. In analyzing these forecasts, the average price target given by analysts for CVB Financial Corp. (CVBF) is $20.83.
