Somewhat Favorable Media Coverage Somewhat Unlikely to Affect CVB Financial Corporation (CVBF) Stock Price
News coverage about CVB Financial Corporation (NASDAQ:CVBF) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CVB Financial Corporation earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.9580135694902 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
CVB Financial Corporation (CVBF) opened at 20.57 on Thursday. CVB Financial Corporation has a 1-year low of $16.32 and a 1-year high of $24.63. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 20.45 and a beta of 1.51. The company’s 50-day moving average price is $21.59 and its 200 day moving average price is $21.88.
CVB Financial Corporation (NASDAQ:CVBF) last posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The firm had revenue of $81.26 million for the quarter, compared to the consensus estimate of $80.10 million. CVB Financial Corporation had a net margin of 35.33% and a return on equity of 10.67%. During the same period in the prior year, the business posted $0.23 earnings per share. On average, equities analysts expect that CVB Financial Corporation will post $1.06 earnings per share for the current fiscal year.
Several equities analysts have recently commented on CVBF shares. Zacks Investment Research lowered CVB Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Hovde Group raised CVB Financial Corporation from an “underperform” rating to a “market perform” rating and set a $21.00 price target on the stock in a research note on Friday, May 19th. BidaskClub raised CVB Financial Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Keefe, Bruyette & Woods set a $23.00 price target on CVB Financial Corporation and gave the company a “hold” rating in a research note on Tuesday, July 4th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $22.00 price target on shares of CVB Financial Corporation in a research note on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $21.50.
In other CVB Financial Corporation news, Director Anna Kan purchased 4,660 shares of the stock in a transaction dated Thursday, August 3rd. The shares were bought at an average cost of $21.50 per share, with a total value of $100,190.00. Following the completion of the transaction, the director now owns 17,660 shares in the company, valued at approximately $379,690. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.80% of the company’s stock.
CVB Financial Corporation 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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