The price of CVB Financial Corp. (NASDAQ:CVBF) shares last traded on Wall Street rose 0.18% to $16.30.
CVBF stock price is now -3.31% away from the 50-day moving average and -6.83% away from the 200-day moving average. The market capitalization of the company currently stands at $2.28B.
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On April 22, 2024, Hovde Group Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock keeping its target price maintained at $18, while ‘Stephens’ rates the stock as ‘Equal-Weight’
In other news, Farnsworth David F, EVP & CCO bought 1,100 shares of the company’s stock on Apr 30 ’24. The stock was bought for $18,051 at an average price of $16.41. Upon completion of the transaction, the EVP & CCO now directly owns 57,474 shares in the company, valued at $0.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 06 ’24, Director Borba George A Jr bought 59,601 shares of the business’s stock. A total of $999,997 was incurred on buying the stock at an average price of $16.78. This leaves the insider owning 626,311 shares of the company worth $10.21 million. A total of 6.02% of the company’s stock is owned by insiders.
During the past 12 months, CVB Financial Corp. has had a low of $11.83 and a high of $21.77. According to the stock market information, the enterprise value for the company is $3595980800, which is based on a 10.77 price-to-earnings ratio, a 1.08 price-to-earnings-growth ratio, and a beta of 0.46. The fifty day moving average price for CVBF is $16.8496 and a two-hundred day moving average price translates $17.4813 for the stock.
The latest earnings results from CVB Financial Corp. (NASDAQ: CVBF) was released for 2024-03-31. The net profit margin was 30.34% and return on equity was 10.27% for CVBF. The company reported revenue of $157.69 million for the quarter, compared to $142.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.44 percent.
