CVB Financial Corporation (CVBF) Shares are Up 1.48%

CVB Financial Corporation (CVBF) : Traders are bullish on CVB Financial Corporation (CVBF) as it has outperformed the S&P 500 by a wide margin of 2.97% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.51%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.48% in the last 1 week, and is up 3.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

CVB Financial Corp. is up 2.78% in the last 3-month period. Year-to-Date the stock performance stands at 3.06%. The stock has recorded a 20-day Moving Average of 2.55% and the 50-Day Moving Average is 3.54%.


CVB Financial Corporation (NASDAQ:CVBF): The stock opened at $17.20 on Friday but the bulls could not build on the opening and the stock topped out at $17.23 for the day. The stock traded down to $16.65 during the day, due to lack of any buying support eventually closed down at $17.19 with a loss of -0.23% for the day. The stock had closed at $17.23 on the previous day. The total traded volume was 475,841 shares.

Also, Brokerage firm Keefe Bruyette & Woods maintains its rating on CVB Financial Corporation (NASDAQ:CVBF). As per the latest information, the brokerage house lowers the price target to $17 per share from a prior target of $17.5. The shares have been rated Market Perform. The rating by the firm was issued on May 19, 2016.

CVB Financial Corp. is a bank holding company. The Company serves as a holding company for Citizens Business Bank (the Bank). The Bank operates through segments: Business Financial and Commercial Banking Centers (Centers) and Treasury. These Centers are the focal points for customer sales and services. All administrative and other smaller operating departments are combined into the Other segment. The Treasury Departments primary focus is managing the Banks investments, liquidity and interest rate risk. The Companys remaining operating segments, which include construction lending, dairy and livestock, and agribusiness lending, leasing, CitizensTrust and centralized functions, form part of the Other segment. As of December 31, 2014, the Company had $7.38 billion in total consolidated assets, $3.76 billion in net loans, $5.6 billion in deposits, $563.6 million in customer repurchase agreements and $199.5 million in Federal Home Loan Bank advances.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *