CVB Financial Corp. (NASDAQ: CVBF) is -16.64% lower on its value in year-to-date trading and has touched a low of $10.66 and a high of $21.77 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CVBF stock was last observed hovering at around $16.76 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $16.83, the stock is -2.20% and -2.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 0.42% at the moment leaves the stock -2.61% off its SMA200. CVBF registered 1.20% gain for a year compared to 6-month gain of 7.75%.
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The stock witnessed a -5.24% loss in the last 1 month and extending the period to 3 months gives it a -13.02%, and is -4.92% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.21% over the week and 2.84% over the month.
CVB Financial Corp. (CVBF) has around 1107 employees, a market worth around $2.35B and $673.98M in sales. Current P/E ratio is 10.59 and Fwd P/E is 10.96. Profit margin for the company is 32.63%. Distance from 52-week low is 57.88% and -22.69% from its 52-week high. The company has generated returns on investments over the last 12 months (10.50%).
CVB Financial Corp. quarterly earnings per share for the current quarter are estimated at $0.35 with sales reaching $116.74M over the same period.The EPS is expected to shrink by -9.13% this year, but quarterly earnings will post -11.40% year-over-year. Quarterly sales are estimated to shrink -7.10% in year-over-year returns.
310 institutions hold shares in CVB Financial Corp. (CVBF), with institutional investors hold 80.80% of the company’s shares. The shares outstanding are 139.34M, and float is at 130.99M with Short Float at 4.74%. Institutions hold 76.00% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 19.68 million shares valued at $261.28 million. The investor’s holdings represent 14.12% of the CVBF Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 15.54 million shares valued at $206.36 million to account for 11.15% of the shares outstanding. The other top investors are State Street Corporation which holds 8.08 million shares representing 5.80% and valued at over $107.36 million, while Parallel Advisors, LLC holds 2.75% of the shares totaling 3.83 million with a market value of $50.83 million.
CVB Financial Corp. (CVBF) Insider Activity
The most recent transaction is an insider purchase by Borba George A Jr, the company’s Director. SEC filings show that Borba George A Jr bought 59,601 shares of the company’s common stock on Feb 06 ’24 at a price of $16.78 per share for a total of $1.0 million. Following the purchase, the insider now owns 0.63 million shares.
CVB Financial Corp. disclosed in a document filed with the SEC on Feb 06 ’24 that Brager David A. (President & CEO) bought a total of 2,000 shares of the company’s common stock. The trade occurred on Feb 06 ’24 and was made at $16.75 per share for $33500.0. Following the transaction, the insider now directly holds 0.15 million shares of the CVBF stock.
Still, SEC filings show that on Feb 01 ’24, Nicholson E Allen (EVP & CFO) acquired 2,000 shares at an average price of $16.77 for $33540.0. The insider now directly holds 92,310 shares of CVB Financial Corp. (CVBF).
