CVB Financial (NASDAQ:CVBF) stock price target increased to $18.00, issued a research note today by KBW
- Updated: September 27, 2016
Yesterday CVB Financial (NASDAQ:CVBF) traded 0.99% higher at $17.38. The company’s 50-day moving average is $17.27 and its 200-day moving average is $16.98. The last closing price is up 2.28% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 165,070 shares of the stock traded hands, down from an average trading volume of 426,462
In a report released on 9/27/2016 KBW increased the stock price target of CVB Financial (NASDAQ:CVBF) from $17.00 to $18.00 indicating a possible upside of 0.04%.
Previously on 6/22/2016, Hovde Group reported on CVB Financial (NASDAQ:CVBF) increased the target price from $0.00 to $17.00. At the time, this indicated a possible upside of 0.02%.
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CVB Financial has a 52 week low of $14.02 and a 52 week high of $18.77 with a P/E ratio of 17.74 CVB Financial’s market capitalization is currently $0.
In addition to KBW reporting its stock price target, a total of 5 brokerages have issued a ratings update on the company. The average stock price target is $17.60 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On CVB Financial (NASDAQ:CVBF)
CVB Financial Corp. is the bank holding company for Citizens Business Bank (the Bank). The Bank's segments include Business Financial and Commercial Banking Centers (Centers), Treasury and Others. The Company's all administrative and other smaller operating departments are combined into the Other segment. Its remaining operating segments, which include construction lending, dairy and livestock, and agribusiness lending, leasing, CitizensTrust and centralized functions, form part of the Other segment. The Treasury Department's primary focus is managing the Bank's investments, liquidity and interest rate risk. The Bank operates approximately 40 Business Financial Centers, eight Commercial Banking Centers, and three trust offices. Its trust offices are located in Ontario, Newport Beach and Pasadena. These offices serve as sales offices for the Bank's wealth management, trust and investment products. The Company also offers specialized services designed for commercial customers.
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