CVB Financial Corp (NASDAQ:CVBF) shares, rose in value on Friday, December 13, with the stock price down by -0.57% to the previous day’s close as strong demand from buyers drove the stock to $22.71.
Actively observing the price movement in the last trading, the stock closed the session at $22.84, falling within a range of $22.55 and $22.93. The value of beta (5-year monthly) was 0.438 whereas the PE ratio was 15.96 over 12-month period. Referring to stock’s 52-week performance, its high was $24.58, and the low was $15.71. On the whole, CVBF has fluctuated by 0.62% over the past month.
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With the market capitalization of CVB Financial Corp currently standing at about $3.17 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.80, with its dividend yield at 3.52%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 506.38M, with a low estimate of 125.2M and a high estimate of 128.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 127.11M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CVBF’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.60, with the price of CVBF currently trading nearly -2.02% and 7.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.05, while the 7-day volatility ratio is showing 2.33% which for the 30-day chart, stands at 2.44%. Furthermore, CVB Financial Corp (CVBF)’s beta value is 0.49, and its average true range (ATR) is 0.62.
A comparison of CVB Financial Corp (CVBF) with its peers suggests the former has fared considerably weaker in the market. CVBF showed an intraday change of -0.57% in last session, and over the past year, it grew by 11.87%%.
Data on historical trading for CVB Financial Corp (NASDAQ:CVBF) indicates that the trading volumes over the past 10 days have averaged 0.76 and over the past 3 months, they’ve averaged 793.59K. According to company’s latest data on outstanding shares, there are 139.68 million shares outstanding.
Nearly 6.05% of CVB Financial Corp’s shares belong to company insiders and institutional investors own 72.34% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.13 million shares as on 2024-11-29, resulting in a short ratio of 5.13. According to the data, the short interest in CVB Financial Corp (CVBF) stood at 430.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 3.5 million. The stock has risen by 12.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CVBF stock heading into the next quarter.
