A new trading day began on January 24, 2023, with CVB Financial Corp. (NASDAQ: CVBF) stock priced at $24.58, down -1.14% from the previous day of trading. During the day, the shares moved up to $24.72 and dropped to $24.12 before settling in for the closing price of $24.58. CVBF’s price has ranged from $21.44 to $29.25 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 9.70% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 20.50%. With a float of $132.32 million, this company’s outstanding shares have now reached $138.89 million.
In an organization with 1015 employees, it is important to assess its efficiency.
CVB Financial Corp. (CVBF) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Regional Industry. The insider ownership of CVB Financial Corp. is 0.30%, while institutional ownership is 74.20%. The most recent insider transaction that took place on Oct 31, was worth 329,405. In this transaction EVP & CCO of this company sold 11,553 shares at a rate of $28.51, taking the stock ownership to the 34,796 shares. Before that another transaction happened on Oct 28, when Company’s EVP & CCO sold 3,447 for $28.48, making the entire transaction worth $98,178. This insider now owns 34,796 shares in total.
CVB Financial Corp. (CVBF) Latest Financial update
In its latest quarterly report, released on 9/29/2022, the company reported earnings of $0.46 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +45.22 while generating a return on equity of 10.35. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.48 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 20.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 10.70% growth over the previous five years of trading.
CVB Financial Corp. (NASDAQ: CVBF) Trading Performance Indicators
Here are CVB Financial Corp.’s current performance indicators. According to the last quarter’s results, the stock had a price to sales ratio for the trailing twelve months stands at 7.05. Likewise, its price to free cash flow for the trailing twelve months is 19.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.56, a number that is poised to hit 0.48 in the next quarter and is forecasted to reach 1.98 in one year’s time.
Technical Analysis of CVB Financial Corp. (CVBF)
Let’s dig in a bit further. During the last 5-days, its volume was 0.57 million. That was inferior than the volume of 0.58 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 16.42%. Additionally, its Average True Range was 0.58.
During the past 100 days, CVB Financial Corp.’s (CVBF) raw stochastic average was set at 3.51%, which indicates a significant decrease from 9.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.09% in the past 14 days, which was lower than the 24.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $26.52, while its 200-day Moving Average is $25.74. However, in the short run, CVB Financial Corp.’s stock first resistance to watch stands at $24.64. Second resistance stands at $24.98. The third major resistance level sits at $25.24. If the price goes on to break the first support level at $24.04, it is likely to go to the next support level at $23.78. The third support level lies at $23.44 if the price breaches the second support level.
CVB Financial Corp. (NASDAQ: CVBF) Key Stats
With a market capitalization of 3.35 billion, the company has a total of 139,808K Shares Outstanding. Currently, annual sales are 468,020 K while annual income is 212,520 K. The company’s previous quarter sales were 146,780 K while its latest quarter income was 64,640 K.