CVB Financial Corp. (NASDAQ: CVBF) is -8.02% lower on its value in year-to-date trading and has touched a low of $14.62 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 $18.12 in the last trading session, with the day’s gains setting it 0.45%.
Currently trading at $18.57, the stock is 4.75% and 3.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 2.48% at the moment leaves the stock 5.21% off its SMA200. CVBF registered 10.47% gain for a year compared to 6-month loss of 8.15%.
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The stock witnessed a 9.17% gain in the last 1 month and extending the period to 3 months gives it a 12.96%, and is 8.53% up 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 3.28% over the week and 2.91% over the month.
CVB Financial Corp. (CVBF) has around 1107 employees, a market worth around $2.59B and $693.08M in sales. Current P/E ratio is 12.62 and Fwd P/E is 12.78. Profit margin for the company is 29.37%. Distance from 52-week low is 27.02% and -14.70% from its 52-week high. The company has generated returns on investments over the last 12 months (9.54%).
The EPS is expected to shrink by -12.04% this year
300.0 institutions hold shares in CVB Financial Corp. (CVBF), with institutional investors hold 79.58% of the company’s shares. The shares outstanding are 139.34M, and float is at 131.26M with Short Float at 4.95%. Institutions hold 74.84% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 20.16 million shares valued at $347.63 million. The investor’s holdings represent 14.5665 of the CVBF Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 15.42 million shares valued at $265.83 million to account for 11.1388 of the shares outstanding. The other top investors are STATE STREET CORP which holds 7.1 million shares representing 5.1306 and valued at over $122.44 million, while AMERICAN CENTURY COMPANIES INC holds 4.1995 of the shares totaling 5.81 million with a market value of $100.22 million.
CVB Financial Corp. (CVBF) Insider Activity
The most recent transaction is an insider sale by Sheehy Kimberly H., the company’s Director. SEC filings show that Sheehy Kimberly H. sold 2,961 shares of the company’s common stock on Jul 02 ’24 at a price of $17.14 per share for a total of $50763.0. Following the sale, the insider now owns 13156.0 shares.
CVB Financial Corp. disclosed in a document filed with the SEC on Jun 14 ’24 that Borba George A Jr (Director) bought a total of 34,200 shares of the company’s common stock. The trade occurred on Jun 14 ’24 and was made at $15.99 per share for $0.55 million. Following the transaction, the insider now directly holds 0.66 million shares of the CVBF stock.
Still, SEC filings show that on Jun 17 ’24, Borba George A Jr (Director) acquired 4,610 shares at an average price of $16.00 for $73755.0. The insider now directly holds 665,121 shares of CVB Financial Corp. (CVBF).
