Market Resilience: CVB Financial Corp. (CVBF) Finishes Weak at 19.06, Down -0.47

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CVB Financial Corp. (NASDAQ: CVBF) closed the day trading at $19.06 down -0.47% from the previous closing price of $19.15. In other words, the price has decreased by -$0.47 from its previous closing price. On the day, 1.15 million shares were traded. CVBF stock price reached its highest trading level at $19.49 during the session, while it also had its lowest trading level at $18.9.

Ratios:

For a better understanding of CVBF, let’s look at its different ratios.

On April 22, 2024, Hovde Group Downgraded its rating to Market Perform which previously was Outperform but kept the price unchanged to $18.

On December 08, 2023, Stephens started tracking the stock assigning a Equal-Weight rating and target price of $21.Stephens initiated its Equal-Weight rating on December 08, 2023, with a $21 target price.

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 Jun 17 ’24 when Borba George A Jr bought 4,610 shares for $16.00 per share. The transaction valued at 73,755 led to the insider holds 665,121 shares of the business.

Borba George A Jr bought 34,200 shares of CVBF for $546,837 on Jun 14 ’24. The Director now owns 660,511 shares after completing the transaction at $15.99 per share. On Apr 30 ’24, another insider, Farnsworth David F, who serves as the EVP & CCO of the company, bought 1,100 shares for $16.41 each. As a result, the insider paid 18,051 and bolstered with 57,474 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 2662243328 and an Enterprise Value of 3892104704. As of this moment, CVB’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.94, and their Forward P/E ratio for the next fiscal year is 13.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.84. Its current Enterprise Value per Revenue stands at 7.373.

Stock Price History:

Over the past 52 weeks, CVBF has reached a high of $21.77, while it has fallen to a 52-week low of $14.62. The 50-Day Moving Average of the stock is 10.21%, while the 200-Day Moving Average is calculated to be 8.72%.

Shares Statistics:

Over the past 3-months, CVBF traded about 733.13K shares per day on average, while over the past 10 days, CVBF traded about 1061340 shares per day. A total of 139.34M shares are outstanding, with a floating share count of 131.22M. Insiders hold about 6.03% of the company’s shares, while institutions hold 73.07% stake in the company. Shares short for CVBF as of 1721001600 were 6159986 with a Short Ratio of 8.40, compared to 1718323200 on 6331663. Therefore, it implies a Short% of Shares Outstanding of 6159986 and a Short% of Float of 6.41.

Dividends & Splits

CVBF’s forward annual dividend rate is 0.80, up from 0.8 a year ago. Against a Trailing Annual Dividend Yield of 0.041775458The stock’s 5-year Average Dividend Yield is 3.77.

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