Keefe Bruyette has recently raised CVB Financial Corp (CVBF) stock to Outperform rating, as announced on October 2, 2024, according to Finviz. Earlier, on May 22, 2024, Janney had reduced the stock from a Buy to Neutral. Hovde Group also reduced Market Perform rating with a price target of $18. Additionally, Stephens initiated research coverage on December 8, 2023, with a target price of $21. Janney analysts, in their report published on May 25, 2023, also raised Buy rating for CVB Financial Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
CVB Financial Corp (CVBF) Stock Trading Recap
On Thursday, CVB Financial Corp (CVBF) stock saw a modest uptick, ending the day at $19.26 which represents a slight increase of $0.42 or 2.23% from the prior close of $18.84. The stock opened at $19.03 and touched a low of $18.86 during the day, reaching a high of $19.38. The volume of shares traded was 0.46 million falling short of the average volume of 0.81 million.
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CVBF Stock Performance and Moving Averages
In recent trading, CVB Financial Corp (CVBF) stock price has shown some volatility, fluctuating 2.72% over the last five trades and 15.12% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 1.58%, and it has plunged by -7.58% in the previous three months. Currently, CVBF is trading at 5.80%, 4.29%, and -1.43% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, CVBF, a Financial sector stock, is trading -21.63% below its 52-week high but remains 22.29% above its 52-week low. The Average True Range (ATR) (14 days) of 0.58 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
CVB Financial Corp’s Profitability and Valuation Ratios
CVB Financial Corp’s profitability metrics reveal financial health. The company currently boasts an operating margin of 40.77% and a profit margin of 30.07%, with a gross margin of 1.58%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, CVB Financial Corp’s market capitalization stands at $2.68 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 13.30, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 12.48. Additionally, the Price-to-Sales Ratio is 3.99, reflecting the market’s valuation of the company’s sales.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 6.11% of CVB Financial Corp (CVBF)’s shares, while financial institutions hold 76.89%.
Notable insider trades include Del Guercio Stephen A, Director at CVB Financial Corp (CVBF), who sold 8,289 shares on Nov 26 ’24, at $23.80 each, totaling $0.20 million.
