CVB Financial Corp. (NASDAQ:CVBF) went down by -1.18% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Banks – Regional giant went up by $18.39 to trade ended Tuesday trading at $18.61. This is down from the $18.61 price recorded on Monday’s trading session. Thanks to this latest performance, CVBF is closer to the higher price 52-week target of $22.00 and further from the lowest price target of $19.00. Its performance from the start of the year has also been negative, with CVBF down by -14.78% year-to-date.
CVB Financial Corp. (CVBF) started the day trading at $18.75 and recorded an intraday high of $19.03. It also recorded an intraday low of $18.375 during Tuesday’s trading session. CVB Financial Corp. is a very active stock that recorded a trading volume that is less than -57.92% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 570580, which is less than -57.92 of the total average daily trading volume of 901.08K.
CVB Financial Corp. (NASDAQ:CVBF) 2020 Performance Impressive
The increase in CVBF’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of CVBF currently stands at $22.23, which is higher than the current trading price of the stock by 17.27%. However, CVBF’s current trading price is -23.34% lower than the 52-week low price of $14.91. In terms of trading volume, CVB Financial Corp. currently experienced healthy participation during the last trading session. 570580 shares of CVB Financial Corp. were traded on the stock exchange on Tuesday, which is less than -57.92% of the 901.08K average trading volume of the stock.
The performance of the stock has been positive over the past year. CVBF’s performance over the past one year has seen it plunge by -12.43%, while the stock has gone down by -15.87% in the last six months. The quarterly performance of CVBF currently stands at 2.57%, and it is up by 2.00% in the last month. The only negative figure was from the weekly performance, which currently reads -3.87%. At the time of writing CVBF’s report, the company has a total market cap of $2.50B, making it one of the largest publicly-traded companies in the world.CVB Financial Corp. also has over 585 employees all over the world.
CVBF Insider Activities
For CVB Financial Corp., insiders hold 75.00% of all company shares. The insider transactions over the past six months are up by 1.40%. During that period, insiders bought 134,781 shares in 13 transactions. In that same period, insiders sold 10,250 of their shares in 1 transactions. After these transactions, insiders at CVB Financial Corp. now hold 7.94M shares, which is over 74.83% of the total company stocks. Institutional investors currently hold a large chunk of the CVBF shares, as they control 5.86% of the company’s total stock.
CVBF Fundamental Analysis
For CVB Financial Corp., the stock’s diluted earnings per share (EPS) stands at 1.38. In the coming year, analysts expect the EPS to be 1.10. The EPS growth will up over the next five years to 10.00% after surging by 8.70% in the previous five years. In terms of revenue, CVB Financial Corp.’s quarterly sales (YOY) is growing at 0.28, which is lower than the average annual revenue of 8.70% over the past half a decade.
The Return on Investment (ROI) on CVB Financial Corp.’s stock currently stands at 17.20%, and it has a net profit margin of 43.10%. The operating margin of the company is 94.50%.
CVBF Analysts Prediction
In May 29, 2020, several analysts reiterated their positions on the CVB Financial Corp. stock and predicted its performance to their investors. The analysts at Hovde Group believe CVBF is still a Market Perform and set the price target between $20 and $20.50. The Hovde Group has a Underperform rating for CVB Financial Corp., predicting the stock price to stay between $18 and $19.
At the moment, CVB Financial Corp.’s Total Debt to Equity ratio stands at 0.01, and they have a long-term Debt to Equity ratio of 0.01.
CVBF Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of CVBF currently stands at -5.12%, while the SMA50 is -3.84%. The biggest one is the SMA200, which is currently reading -9.36% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 44.80, while its price to earnings ratio (P/E) is 13.29.