CVB Financial Corp. (NASDAQ:CVBF) shares, rose in value, with the stock price down by -0.18% to the previous day’s close as strong demand from buyers drove the stock to $16.48.
Actively observing the price movement in the last trading, the stock closed the session at $16.51. The PE ratio was 10.88 over 12-month period. Referring to stock’s 52-week performance, its high was $21.77, and the low was $10.66. On the whole, CVBF has fluctuated by -6.89% over the past month.
The company’s Forward Dividend Ratio is 0.80, with its dividend yield at 4.85%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 470.77M, with a low estimate of 111.5M and a high estimate of 126.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 115.73M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CVBF’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.09, with the price of CVBF currently trading nearly -1.08% and -2.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.88, while the 7-day volatility ratio is showing 3.79% which for the 30-day chart, stands at 2.72%. Furthermore, CVB Financial Corp. (CVBF)’s beta value is 0.47, and its average true range (ATR) is 0.54.
A comparison of CVB Financial Corp. (CVBF) with its peers suggests the former has fared considerably weaker in the market. CVBF showed an intraday change of -0.18% in last session, and over the past year, it grew by 10.90%%.
Data on historical trading for CVB Financial Corp. (NASDAQ:CVBF) indicates that the trading volumes over the past 3 months, they’ve averaged 942.34K. According to company’s latest data on outstanding shares, there are 139.34 million shares outstanding.
Nearly 5.95% of CVB Financial Corp.’s shares belong to company insiders and institutional investors own 73.91% of the company’s shares. The stock has fallen by -18.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CVBF stock heading into the next quarter.
