Zacks Investment Research upgraded CVB Financial Corp. (NASDAQ:CVBF) to Hold in a report released today.
- Updated: September 27, 2016
Zacks Investment Research has upgraded CVB Financial Corp. (NASDAQ:CVBF) to Hold in a statement released on 09/27/2016.
Previously on 6/22/2016, Hovde Group reported about CVB Financial Corp. (NASDAQ:CVBF) upped the target price from $0.00 to $17.00. At the time, this indicated a possible upside of 0.02%.
Yesterday CVB Financial Corp. (NASDAQ:CVBF) traded 0.99% higher at $17.43. 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 date range. Volume of trade was down over the average, with 165,070 shares of CVBF changing hands under the typical 426,462
CVB Financial Corp. has a 52 week low of $14.02 and a 52 week high of $18.77 with a P/E ratio of 17.74 The company’s market cap is currently $0.
Also covering CVB Financial Corp.'s price target, a total of 5 analysts have released a report on CVB Financial Corp.. The 12-month price target is $17.60 with zero analysts rating the company a strong buy, zero analysts rating the company a buy, 6 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On CVB Financial Corp. (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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