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Friday, February 3, 2023

Searching For Real Value In Market Debris At CVB Financial Corp. (NASDAQ: CVBF)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for CVB Financial Corp. (CVBF) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $28.53. The CVB Financial Corp. has recorded 58,387 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted CVB Financial Corp. Director Passes Away.

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Stocks Info

As a NASDAQ listed company, CVBF falls under the Financial sector while operating within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $28.53 and fluctuated between $28.87 as its day high and $28.23 as its day low. The current market capitalization of CVB Financial Corp. is $4.03B. A total of 0.5 million shares were traded on the day, compared to an average of 639.68K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CVBF has seen 2 BUY and 8 SELL insider trades, representing the acquisition of 15,000 and the disposition of 17,641 shares. Over the last 12 months, there were 23 BUYs and 29 SELLs from insiders. Insiders purchased 171,027 shares during that period but sold 64,100.

In the most recent transaction, Farnsworth David F sold 11,553 shares of CVBF for 28.51 per share on Oct 31. After the transaction, the EVP & CCO now owns 34,796 company shares. In a previous transaction on Oct 28, Farnsworth David F sold 3,447 shares at 28.48 per share. CVBF shares that EVP & CCO owns now total 34,796.

Among the insiders who sold shares, Kan Anna disposed of 7,000 shares on May 23 at a per-share price of $24.20. This resulted in the Director holding 24,975 shares of CVBF after the transaction. In another insider transaction, Leslie Kristina M sold 6,400 shares at $23.58 per share on Apr 27. Company shares held by the Director now total 21,889.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. CVB Financial Corp. pays an annual dividend of $0.80, resulting in a dividend yield of 2.80%, and it has a price to earnings (P/E) ratio of 18.34. CVBF’s most recent ex-dividend date was 10/4/2022 when it declared a $0.20 quarterly dividend that was paid in cash on 10/20/2022. Previously, the company paid the dividend on 7/15/2022 with an ex-dividend date of 6/29/2022. The CVBF stock dividend was $0.19 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CVBF in the last 3 months, the mean price target is $29.75 with high estimates of $33.50 and low estimates of $26.00. In terms of 52-week highs and lows, CVBF has a high of $29.25 and a low of $19.17.

As of this writing, CVBF has an earnings estimate of $0.48 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.5 per share and a lower estimate of $0.45. The company reported an EPS of $0.42 in the last quarter, which was 10.50% higher than expectations of $0.38.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CVBF is Overweight with a score of 3.33. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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