With 0.94 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.81 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $23.32 whereas the lowest price it dropped to was $22.49. The 52-week range on CVBF shows that it touched its highest point at $23.43 and its lowest point at $15.71 during that stretch. It currently has a 1-year price target of $21.17. With its current market cap of 3.15 billion, CVBF has annualized dividend of $0.80 while the current yield stands at 3.54%. Beta for the stock currently stands at 0.47.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CVBF was down-trending over the past week, with a drop of -0.22%, but this was up by 16.28% over a month. Three-month performance surged to 34.43% while six-month performance rose 30.09%. The stock gained 38.04% in the past year, while it has gained 11.79% so far this year. A look at the trailing 12-month EPS for CVBF yields 1.42 with Next year EPS estimates of 1.40. For the next quarter, that number is 0.34. This implies an EPS growth rate of -10.51% for this year and -1.31% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 5.03%.
Float and Shares Shorts:
At present, 139.34 million CVBF shares are outstanding with a float of 131.26 million shares on hand for trading. On 2024-10-31, short shares totaled 3.5 million, which was 251.00000000000003 higher than short shares on 1727654400. In addition to Mr. David A. Brager as the firm’s President, CEO & Director, Mr. David C. Harvey serves as its Executive VP & COO of Citizens Business Bank.
Institutional Ownership:
Through their ownership of 0.74077004 of CVBF’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CVBF since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CVBF analysts setting a high price target of 23.0 and a low target of 20.0, the average target price over the next 12 months is 21.33333. Based on these targets, CVBF could surge 1.91% to reach the target high and fall by -11.39% to reach the target low. Reaching the average price target will result in a decline of -5.48% from current levels.
Analysts have provided yearly estimates in a range of $1.44276 being high and $1.37311 being low. For CVBF, this leads to a yearly average estimate of $1.42286. The surprise factor in the prior quarter was $0.35. Based on analyst estimates, the high estimate for the next quarter is $0.36 and the low estimate is $0.31. The average estimate for the next quarter is thus $0.33.
