CVB Financial Corp. (NASDAQ: CVBF)’s stock price has gone rise by 4.91 in comparison to its previous close of 17.10, however, the company has experienced a 5.04% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-07-25 that CVB Financial Corp. (NASDAQ:CVBF ) Q2 2024 Earnings Conference Call July 25, 2024 10:30 AM ET Company Participants David A. Brager – President and Chief Executive Officer Allen Nicholson – Executive Vice President and Chief Financial Officer Conference Call Participants Matthew Clark – Piper Sandler Andrew Terrell – Stephens Kelly Motta – KBW Ahmad Hasan – D.
Is It Worth Investing in CVB Financial Corp. (NASDAQ: CVBF) Right Now?
The price-to-earnings ratio for CVB Financial Corp. (NASDAQ: CVBF) is above average at 12.19x. The 36-month beta value for CVBF is also noteworthy at 0.46. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CVBF is 131.05M, and at present, short sellers hold a 4.99% of that float. The average trading volume of CVBF on August 23, 2024 was 801.55K shares.
CVBF’s Market Performance
CVBF stock saw a decrease of 5.04% in the past week, with a monthly decline of -9.21% and a quarterly a decrease of 10.26%. The volatility ratio for the week is 1.93%, and the volatility levels for the last 30 days are 3.11% for CVB Financial Corp. (CVBF). The simple moving average for the past 20 days is 2.62% for CVBF’s stock, with a 1.74% simple moving average for the past 200 days.
Analysts’ Opinion of CVBF
Hovde Group, on the other hand, stated in their research note that they expect to see CVBF reach a price target of $18. The rating they have provided for CVBF stocks is “Market Perform” according to the report published on April 22nd, 2024.
Stephens gave a rating of “Equal-Weight” to CVBF, setting the target price at $21 in the report published on December 08th of the previous year.
CVBF Trading at 2.40% from the 50-Day Moving Average
After a stumble in the market that brought CVBF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.59% of loss for the given period.
Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 1.93%, as shares sank -9.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.44% upper at present.
During the last 5 trading sessions, CVBF rose by +5.91%, which changed the moving average for the period of 200-days by +4.57% in comparison to the 20-day moving average, which settled at $17.39. In addition, CVB Financial Corp. saw -11.14% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CVBF starting from Sheehy Kimberly H., who sale 2,961 shares at the price of $17.14 back on Jul 02 ’24. After this action, Sheehy Kimberly H. now owns 13,156 shares of CVB Financial Corp., valued at $50,763 using the latest closing price.
Borba George A Jr, the Director of CVB Financial Corp., purchase 34,200 shares at $15.99 during a trade that took place back on Jun 14 ’24, which means that Borba George A Jr is holding 660,511 shares at $546,837 based on the most recent closing price.
Stock Fundamentals for CVBF
Current profitability levels for the company are sitting at:
- 0.45 for the present operating margin
- 1.0 for the gross margin
The net margin for CVB Financial Corp. stands at 0.31. The total capital return value is set at 0.07. Equity return is now at value 9.90, with 1.25 for asset returns.
Based on CVB Financial Corp. (CVBF), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 1.83. The interest coverage ratio of the stock is 2.99.
Currently, EBITDA for the company is 6.45 million with net debt to EBITDA at 15.47. When we switch over and look at the enterprise to sales, we see a ratio of 5.73. The receivables turnover for the company is 13.38for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.09.
Conclusion
In summary, CVB Financial Corp. (CVBF) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
