CVB Financial Corporation (NASDAQ:CVBF) : Zacks Investment Research ranks CVB Financial Corporation (NASDAQ:CVBF) as 4, which is a Sell recommendation. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 3, which indicates as a Hold.
CVB Financial Corporation (NASDAQ:CVBF) : Average target price received by CVB Financial Corporation (NASDAQ:CVBF) is $17.4 with an expected standard deviation of $0.55. The most aggressive target on the stock is $18, whereas the most downbeat target is $17. 5 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week
CVB Financial Corporation (NASDAQ:CVBF): stock turned positive on Tuesday. Though the stock opened at $15.55, the bulls momentum made the stock top out at $15.725 level for the day. The stock recorded a low of $15.39 and closed the trading day at $15.66, in the green by 2.29%. The total traded volume for the day was 749,735. The stock had closed at $15.31 in the previous days trading.
In an insider trading activity, Oswalt Hal W, director of Cvb Financial Corp, executed a transaction worth $8,370 on May 3, 2016. A total of 500 shares were purchased at an average price of $16.74. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
CVB Financial Corp. is a bank holding company. The Company serves as a holding company for Citizens Business Bank (the Bank). The Bank operates through segments: Business Financial and Commercial Banking Centers (Centers) and Treasury. These Centers are the focal points for customer sales and services. All administrative and other smaller operating departments are combined into the Other segment. The Treasury Departments primary focus is managing the Banks investments, liquidity and interest rate risk. The Companys remaining operating segments, which include construction lending, dairy and livestock, and agribusiness lending, leasing, CitizensTrust and centralized functions, form part of the Other segment. As of December 31, 2014, the Company had $7.38 billion in total consolidated assets, $3.76 billion in net loans, $5.6 billion in deposits, $563.6 million in customer repurchase agreements and $199.5 million in Federal Home Loan Bank advances.