After finishing at $17.02 in the prior trading day, CVB Financial Corp. (NASDAQ: CVBF) closed at $16.79, down -1.35%. In other words, the price has decreased by -$0.23 from its previous closing price. On the day, 1554534 shares were traded. CVBF stock price reached its highest trading level at $16.94 during the session, while it also had its lowest trading level at $16.48.
Ratios:
Our goal is to gain a better understanding of CVBF by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.14 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Stephens on December 08, 2023, initiated with a Equal-Weight rating and assigned the stock a target price of $21.
Keefe Bruyette Downgraded its Outperform to Mkt Perform on October 21, 2022, while the target price for the stock was maintained at $32.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 06 when Borba George A Jr bought 59,601 shares for $16.78 per share. The transaction valued at 999,997 led to the insider holds 626,311 shares of the business.
Brager David A. bought 2,000 shares of CVBF for $33,500 on Feb 06. The President & CEO now owns 152,814 shares after completing the transaction at $16.75 per share. On Feb 01, another insider, Nicholson E Allen, who serves as the EVP & CFO of the company, bought 2,000 shares for $16.77 each. As a result, the insider paid 33,540 and bolstered with 92,310 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CVBF now has a Market Capitalization of 2.34B. As of this moment, CVB’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.57, and their Forward P/E ratio for the next fiscal year is 10.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.47 while its Price-to-Book (P/B) ratio in mrq is 1.13.
Stock Price History:
Over the past 52 weeks, CVBF has reached a high of $24.16, while it has fallen to a 52-week low of $10.66. The 50-Day Moving Average of the stock is 18.38, while the 200-Day Moving Average is calculated to be 16.83.
Shares Statistics:
The stock has traded on average 997.48K shares per day over the past 3-months and 839.69k shares per day over the last 10 days, according to various share statistics. A total of 139.34M shares are outstanding, with a floating share count of 131.03M. Insiders hold about 5.98% of the company’s shares, while institutions hold 74.54% stake in the company. Shares short for CVBF as of Feb 15, 2024 were 6.24M with a Short Ratio of 6.26, compared to 7.46M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.48% and a Short% of Float of 6.48%.
Dividends & Splits
In the trailing 12 months, CVBF’s forward annual dividend rate was 0.80, compared to 0.80 this year. Against a Trailing Annual Dividend Yield of 4.70%, it implies a Forward Annual Dividend Yield of 4.77%. The stock’s 5-year Average Dividend Yield is 3.64. The current Payout Ratio is 50.37% for CVBF, which recently paid a dividend on Jan 22, 2024 with an ex-dividend date of Jan 04, 2024. Stock splits for the company last occurred on Jan 03, 2007 when the company split stock in a 11:10 ratio.
Earnings Estimates
Its stock is currently analyzed by 7 different market analysts. On average, analysts expect EPS of $0.35 for the current quarter, with a high estimate of $0.38 and a low estimate of $0.32, while EPS last year was $0.42. The consensus estimate for the next quarter is $0.36, with high estimates of $0.39 and low estimates of $0.33.
Analysts are recommending an EPS of between $1.58 and $1.33 for the fiscal current year, implying an average EPS of $1.46. EPS for the following year is $1.56, with 7 analysts recommending between $1.74 and $1.4.
Revenue Estimates
6 analysts predict $116.87M in revenue for the current quarter. It ranges from a high estimate of $125.4M to a low estimate of $112.53M. As of the current estimate, CVB Financial Corp.’s year-ago sales were $125.73M, an estimated decrease of -7.00% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $119.69M, an increase of 0.10% over than the figure of -$7.00% in the same quarter last year. There is a high estimate of $126.7M for the next quarter, whereas the lowest estimate is $114.22M.
A total of 6 analysts have provided revenue estimates for CVBF’s current fiscal year. The highest revenue estimate was $511.9M, while the lowest revenue estimate was $461.58M, resulting in an average revenue estimate of $484.1M. In the same quarter a year ago, actual revenue was $545.32M, down -11.20% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $510.43M in the next fiscal year. The high estimate is $528.5M and the low estimate is $486.48M. The average revenue growth estimate for next year is up 5.40% from the average revenue estimate for this year.
