CVB Financial Corp (NASDAQ:CVBF) price on Friday, May 23, fall -0.16% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $18.94.
A look at the stock’s price movement, the close in the last trading session was $18.97. The PE ratio in trailing twelve months stood at 13.04. Turning to its 52-week performance, $24.58 and $15.75 were the 52-week high and 52-week low respectively. Overall, CVBF moved 0.16% over the past month.
CVB Financial Corp’s market cap currently stands at around $2.61 billion, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 0.80, with its dividend yield at 4.22%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 127.95M for the company’s revenue for the quarter, with a low and high estimate of 124.9M and 129.7M respectively. The average forecast suggests up to a 1.71% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 518.32M, representing a 2.85% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CVBF is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend CVBF as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CVBF’s current price about -1.49% and 2.29% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.35, while 7-day volatility ratio is 1.24% and 1.45% in the 30-day chart. Further, CVB Financial Corp (CVBF) has a beta value of 0.68, and an average true range (ATR) of 0.47. Analysts have given the company’s stock an average 52-week price target of $21, forecast between a low of $21 and high of $21. Looking at the price targets, the low is -10.88% off current price level while to achieve the yearly target high, price needs to move -10.88%. Nonetheless, investors will most likely welcome a -10.88% jump to $21 which is the analysts’ median price.
If we refocus on CVB Financial Corp (NASDAQ:CVBF), historical trading data shows that trading volumes averaged 787.27K over the past 3 months. The company’s latest data on shares outstanding shows there are 139.09 million shares.
The 6.11% of CVB Financial Corp’s shares are in the hands of company insiders while institutional holders own 75.92% of the company’s shares. Current price change has pushed the stock -11.54% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CVBF stock continues to rise going into the next quarter.
