Analyst Expects CVB Financial Corp. (NASDAQ: CVBF) To Make Big Moves

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. Earlier, Yahoo Finance discussed this stock as it revealed CVB Financial Corp. Reports Earnings for the Fourth Quarter and the Year Ended 2023.

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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. The current market capitalization of CVB Financial Corp. is $2.46B. A total of 0.64 million shares were traded on the day, compared to an average of 1.02M shares.

In the most recent transaction, Borba George A Jr bought 59,601 shares of CVBF for 16.78 per share on Feb 06 ’24. After the transaction, the Director now owns 626,311 company shares. In a previous transaction on Feb 06 ’24, Brager David A. bought 2,000 shares at 16.75 per share. CVBF shares that President & CEO owns now total 152,814.

Among the insiders who bought shares, Nicholson E Allen acquired of 2,000 shares on Feb 01 ’24 at a per-share price of $16.77. This resulted in the EVP & CFO holding 92,310 shares of CVBF after the transaction. In another insider transaction, Borba George A Jr bought 97,006 shares at $16.83 per share on Nov 02 ’23. Company shares held by the Director now total 566,710.

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 4.53%, and it has a price to earnings (P/E) ratio of 11.11. CVBF’s most recent ex-dividend date was 1/4/2024 when it declared a $0.20 quarterly dividend that was paid in cash on 1/22/2024. Previously, the company paid the dividend on 10/19/2023 with an ex-dividend date of 10/3/2023. The CVBF stock dividend was $0.20 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. In terms of 52-week highs and lows, CVBF has a high of $22.83 and a low of $10.66.

As of this writing, CVBF has an earnings estimate of $0.35 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.38 per share and a lower estimate of $0.32. The company reported an EPS of $0.42 in the last quarter, which was 5.00% higher than expectations of $0.4.

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. Its Book Value Per Share was $14.91, while its Total Shareholder’s Equity was $2.08B.

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, 0 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 Buy with a score of 3.57.

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