CVB Financial (NASDAQ:CVBF)‘s stock had its “hold” rating restated by equities researchers at Sandler O’Neill in a report issued on Thursday. They currently have a $24.00 price target on the financial services provider’s stock. Sandler O’Neill’s price objective suggests a potential upside of 3.36% from the company’s previous close.
Several other brokerages have also recently issued reports on CVBF. Zacks Investment Research raised CVB Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. ValuEngine cut CVB Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating on shares of CVB Financial in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.17.
Shares of CVB Financial (CVBF) traded down $0.25 during trading hours on Thursday, hitting $23.22. The company had a trading volume of 315,015 shares, compared to its average volume of 333,833. The stock has a market capitalization of $2,560.00, a PE ratio of 22.33, a price-to-earnings-growth ratio of 2.20 and a beta of 1.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 0.69. CVB Financial has a one year low of $19.58 and a one year high of $25.49.
Hedge funds have recently bought and sold shares of the business. Riverhead Capital Management LLC boosted its position in CVB Financial by 54.5% in the second quarter. Riverhead Capital Management LLC now owns 6,491 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 2,291 shares during the last quarter. D.A. Davidson & CO. boosted its position in CVB Financial by 29.3% in the second quarter. D.A. Davidson & CO. now owns 7,056 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 1,600 shares during the last quarter. Victory Capital Management Inc. boosted its position in CVB Financial by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,384 shares of the financial services provider’s stock worth $166,000 after purchasing an additional 1,107 shares during the last quarter. CIBC Asset Management Inc purchased a new position in CVB Financial in the third quarter worth $205,000. Finally, Teacher Retirement System of Texas purchased a new position in CVB Financial in the third quarter worth $207,000. 69.36% of the stock is currently owned by institutional investors and hedge funds.
CVB Financial Company Profile
CVB Financial Corp. (CVB) is the bank holding company for Citizens Business Bank (the Bank). The Bank operates through two segments: Business Financial and Commercial Banking Centers (Centers), and Other Operations. The Company’s administrative and other smaller operating departments are combined into the Other segment.
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