CVB Financial shares slide after the California bank says it has received a subpoena from the SEC seeking information about how the company handles troubled loans. SAN FRANCISCO (MarketWatch) — CVB Financial Corp. shares rose Monday after the California bank was upgraded to buy from hold by Hugh Miller, an analyst at Sidoti & Co. SAN FRANCISCO (MarketWatch) — CVB Financial shares jumped more than 10% Tuesday after the California bank said it sold troubled loans for $41 million.

Its products include loans for commercial businesses, commercial real estate, multi-family, construction, land, dairy and livestock and agribusiness, consumer and government-guaranteed small business loans. The company was founded by George A. Borba assets = liabilities + owner’s equity on April 27, 1981 and is headquartered in Ontario, CA. 3 Wall Street research analysts have issued 12 month price targets for CVB Financial’s shares. On average, they anticipate the company’s stock price to reach $20.00 in the next twelve months.

CVBF Overview

The latest trend in earnings estimate revisions may not translate into further price increase… CVB Financial Corp is the holding company for Citizens Business Bank. Shaken by the sudden collapse last week of Silicon Valley Bank, or SVB Financial ( SIVB , Financial), investors continued to sell off bank stocks on Monday.

These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.

Disappointing U.S. trade data and a ballooning budget deficit compound investors’ concerns about the global recovery. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Sign-up to receive the latest news and ratings for CVB Financial and its competitors with MarketBeat’s FREE daily newsletter. Provides a general description of the business conducted by this company.

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Research & Ratings CVB Financial Corp.(CVBF)

According to 3 analysts, the average rating for CVBF stock is “Buy.” The 12-month stock price forecast is $18.5, which is an increase of 5.84% from the latest price. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study.

© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. CVB Financial’s stock is owned by a variety of institutional and retail investors.

Bank of Hawaii (BOH) Q1 Earnings and Revenues Miss Estimates

That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.

The Barchart Technical Opinion rating is a 32% Buy with a Average short term outlook on maintaining the current direction. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Plus, CVBF info will be updated daily in your Zacks.com Portfolio Tracker – also free. Compare
CVBF’s historical performance
against its industry peers and the overall market.

This suggests a possible upside of 14.7% from the stock’s current price. View analysts price targets for CVBF or view top-rated stocks among Wall Street analysts. 3 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for CVB Financial in the last twelve months. The consensus among Wall Street equities research analysts is that investors should “hold” CVBF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CVBF, but not buy additional shares or sell existing shares.

DA Davidson Maintains Neutral Rating for CVB Financial: Here’s What You Need To Know

Our Quantitative Research team models direct competitors or comparable companies
from a bottom-up perspective to find companies describing their business in a
similar fashion. SAN FRANCISCO (MarketWatch) — CVB Financial Corp. said in a late Thursday regulatory filing that Executive Vice President Todd Hollander resigned. Hollander joined CVB in May 2008 to run the bank’s sales division and ove…

• In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.
• Top institutional investors include BlackRock Inc. (14.13%), State Street Corp (5.80%), Parallel Advisors LLC (2.75%), Dimensional Fund Advisors LP (2.45%), Charles Schwab Investment Management Inc. (2.43%) and Silvercrest Asset Management Group LLC (2.28%).
• East West Bancorp (EWBC) saw its shares surge in the last session with trading volume being higher than average.

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.

CVB Financial Corp. Announces 133rd Consecutive Cash Dividend

Style is calculated by combining value and growth scores, which are first individually calculated. Data are provided ‘as is’ for informational https://1investing.in/ purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.

Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. It offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers. Further, the company provides trust services, such as fiduciary services, mutual funds, annuities, 401(k) plans, and individual investment accounts. The company was founded in 1974 and is headquartered in Ontario, California.

ONTARIO, Calif., June 15, 2022 (GLOBE NEWSWIRE) — CVB Financial Corp. (“CVBF”), the holding company for Citizens Business Bank (“CBB”), is pleased to announce the appointment of Kimberly Sheehy as a … The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies. Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. As an investor, you want to buy stocks with the highest probability of success.

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. CVB Financial Corp. is a bank holding company, which engages in the provision of relationship-based banking products, services, and solutions for small to mid-sized companies, real estate investors, non-profit organizations, professionals, and other individuals through…

Top institutional investors include BlackRock Inc. (14.13%), State Street Corp (5.80%), Parallel Advisors LLC (2.75%), Dimensional Fund Advisors LP (2.45%), Charles Schwab Investment Management Inc. (2.43%) and Silvercrest Asset Management Group LLC (2.28%). Insiders that own company stock include Anna Kan, David F Farnsworth, Francene Lapoint, George A Borba Jr, Jane Olvera, Kristina M Leslie and Richard H Wohl. The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year.