With 0.6 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.94 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $17.25 whereas the lowest price it dropped to was $16.78. The 52-week range on CVBF shows that it touched its highest point at $21.77 and its lowest point at $10.66 during that stretch. It currently has a 1-year price target of $20.75. With its current market cap of 2.34 billion, CVBF has annualized dividend of $0.80 while the current yield stands at 4.77%. Beta for the stock currently stands at 0.45.
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 up-trending over the past week, with a rise of 1.64%, but this was down by -1.06% over a month. Three-month performance dropped to -17.95% while six-month performance rose 1.57%. The stock lost -1.76% in the past year, while it has lost -16.89% so far this year. A look at the trailing 12-month EPS for CVBF yields 1.59 with Next year EPS estimates of 1.53. For the next quarter, that number is 0.35. This implies an EPS growth rate of -9.07% for this year and 6.08% 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 130.99 million shares on hand for trading. On Feb 29, 2024, short shares totaled 6.26 million, which was 4.49% higher than short shares on Jan 31, 2024.
Institutional Ownership:
Through their ownership of 76.00% of CVBF’s outstanding shares, institutional investors have majority 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 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
Dividends & Yield:
In terms of dividends, CVBF has a current ratio of $0.80, which is $0.80 over the trailing 12-months, while a dividend of $– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and CVBF currently yields $4.77. In the past year, CVBF’s dividend yield has been $4.77, but when looking at the stock over the past five years, its yield has been $3.49. Accordingly, CVBF has a current buyback yield of $0.91. This was $0.91 for the TTM, and it was $0.29 for the past five years.
