Brokerage Firm Rating Update on CVB Financial Corporation (CVBF)

CVB Financial Corporation (CVBF) : 6 analysts are covering CVB Financial Corporation (CVBF) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

CVB Financial Corporation (CVBF) : The highest short term price target forecast on CVB Financial Corporation (CVBF) is $18 and the lowest target price is $17. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $17.2 with a standard deviation of $0.57.


Company shares have received an average consensus rating of Hold for the current week

CVB Financial Corporation (NASDAQ:CVBF): The stock opened at $17.41 and touched an intraday high of $17.56 on Wednesday. During the day, the stock corrected to an intraday low of $17.33, however, the bulls stepped in and pushed the price higher to close in the green at $17.51 with a gain of 0.46% for the day. The total traded volume for the day was 392,083. The stock had closed at $17.43 in the previous trading session.

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.

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