On Tuesday, CVB Financial Corp (NASDAQ: CVBF) opened lower -0.13% from the last session, before settling in for the closing price of $22.52. Price fluctuations for CVBF have ranged from $15.71 to $23.43 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 11.16% annually for the last half of the decade. Company’s average yearly earnings per share was noted -10.51% at the time writing. With a float of $131.23 million, this company’s outstanding shares have now reached $139.34 million.
In an organization with 1107 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 39.97%, operating margin of 40.22%, and the pretax margin is 39.62%.
CVB Financial Corp (CVBF) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Banks – Regional industry is another important factor to consider. The insider ownership of CVB Financial Corp is 6.05%, while institutional ownership is 72.31%. The most recent insider transaction that took place on Jul 02 ’24, was worth 50,763. In this transaction Director of this company sold 2,961 shares at a rate of $17.14, taking the stock ownership to the 13,156 shares. Before that another transaction happened on Jun 14 ’24, when Company’s Director bought 34,200 for $15.99, making the entire transaction worth $546,837. This insider now owns 660,511 shares in total.
CVB Financial Corp (CVBF) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -10.51% 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 5.03% growth over the previous five years of trading.
CVB Financial Corp (NASDAQ: CVBF) Trading Performance Indicators
Check out the current performance indicators for CVB Financial Corp (CVBF). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.48. Likewise, its price to free cash flow for the trailing twelve months is 14.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.42, a number that is poised to hit 0.34 in the next quarter and is forecasted to reach 1.40 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 0.73 million. That was inferior than the volume of 0.83 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 64.75%. Additionally, its Average True Range was 0.68.
During the past 100 days, CVB Financial Corp’s (CVBF) raw stochastic average was set at 87.21%, which indicates a significant increase from 79.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.65% in the past 14 days, which was higher than the 40.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.31, while its 200-day Moving Average is $17.72. However, in the short run, CVB Financial Corp’s stock first resistance to watch stands at $22.69. Second resistance stands at $22.88. The third major resistance level sits at $23.19. If the price goes on to break the first support level at $22.19, it is likely to go to the next support level at $21.88. The third support level lies at $21.69 if the price breaches the second support level.
CVB Financial Corp (NASDAQ: CVBF) Key Stats
There are currently 139,678K shares outstanding in the company with a market cap of 3.14 billion. Presently, the company’s annual sales total 665,660 K according to its annual income of 221,440 K. Last quarter, the company’s sales amounted to 178,590 K and its income totaled 51,220 K.
