D.A. Davidson analyst Gary Tenner maintained a Hold rating on Cvb Financial (CVBF – Research Report) today. The company’s shares closed yesterday at $15.88.
Tenner covers the Financial sector, focusing on stocks such as Axos Financial, Central Valley Community Bancorp, and Cvb Financial. According to TipRanks, Tenner has an average return of 15.1% and a 61.90% success rate on recommended stocks.
Currently, the analyst consensus on Cvb Financial is a Hold with an average price target of $23.50, implying a 47.98% upside from current levels. In a report released on April 6, KBW also maintained a Hold rating on the stock with a $22.00 price target.
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Based on Cvb Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $150.63 million and a net profit of $66.17 million. In comparison, last year the company earned a revenue of $115.42 million and had a net profit of $47.7 million
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CVBF in relation to earlier this year.
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CVB Financial Corp. is a bank holding company, which engages in the provision of traditional banking activities, including the acceptance of deposits and the lending and investing of money. The firm also offers trust and investment related services to customers. It operates through the Business Centers and Dairy and Livestock and Agribusiness. The Business Financial and Commercial Banking Centers segment consists of loans, deposits, and fee generating products and services that the bank offers to its clients and prospects. The company was founded by George Borba on April 27, 1981 and is headquartered in Ontario, CA.
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