CVB Financial Corp. (NASDAQ:CVBF) saw a downside of -1.16% to close Friday at $16.26 after subtracting -$0.19 on the day. The 5-day average trading volume is 649,860 shares of the company’s common stock. It has gained $17.28 in the past week and touched a new high 1 time within the past 5 days. An average of 881,340 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,113,338.
CVBF’s 1-month performance is -6.07% or -$0.80 on its low of $16.18 reached on 09/22/23. The company’s shares have touched a 52-week low of $10.66 and high of $29.25, with the stock’s rally to the 52-week high happening on 01/03/23. YTD, CVBF has lost -36.85% or -$9.49 and has reached a new high 1 time. However, the current price is down -44.41% from the 52-week high price.
Insider Transactions
CVBF stock investors last saw insider trading activity on Aug 08.Farnsworth David F (EVP & CCO) most recently sold 11,553 shares at $28.51 per share on Oct 31. This transaction cost the insider $329,405. EVP & CCO, Farnsworth David F, sold 3,447 shares at a price of $28.48 on Oct 28.
Valuation Metrics
CVBF stock has a beta of 0.44. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.66 while the price-to-book (PB) in the most recent quarter is 1.13, with the price to cash flow ratio at 7.50.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.01, while the total debt to equity was 0.99. The firm’s gross profit as reported stood at $505.51 million against revenue of $514.67 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CVBF to announce $0.38 per share in earnings in its latest quarter, but it posted $0.4, representing a 5.30% surprise. Shareholders hold equity totaling $139.34 million.
Let’s look briefly at CVB Financial Corp. (CVBF) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 27.10% to suggest the stock is trending oversold, with historical volatility in this time period at 20.64%.
The stock’s 5-day moving average is $16.58, reflecting a -6.07% or -$1.05 change from its current price. CVBF is currently trading -6.39% above its 20-day SMA, +11.75% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +9.42% and SMA200 by-41.00%.
Stochastic %K and %D was 5.27% and 6.51% and the average true range (ATR) pointed at 0.47. The RSI (14) points at 35.19%, while the 14-day stochastic is at 4.21% with the period’s ATR at 0.49. The stock’s 9-day MACD Oscillator is pointing at -0.50 and -0.65 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for CVB Financial Corp. (NASDAQ: CVBF), Janney upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for CVBF stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CVBF as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is CVBF’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $19.00 and a high of $23.00, with their median price target at $20.50. Looking at these predictions, the average price target given by analysts is for CVB Financial Corp. (CVBF) stock is $20.83.
