In a report released today, Matthew Clark from Piper Sandler maintained a Buy rating on Cvb Financial (CVBF – Research Report), with a price target of $26.00. The company’s shares closed yesterday at $14.86.
Clark covers the Financial sector, focusing on stocks such as Columbia Banking System, First Interstate Bancsystem, and HomeStreet. According to TipRanks, Clark has an average return of 5.7% and a 49.71% success rate on recommended stocks.
Currently, the analyst consensus on Cvb Financial is a Hold with an average price target of $23.50.
See Insiders’ Hot Stocks on TipRanks >>
Based on Cvb Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $35.88 million. In comparison, last year the company had a net profit of $37.69 million
Based on the recent corporate insider activity of 49 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on CVBF:
- CVB Financial Corp. Reports Earnings for the First Quarter 2023
- Cvb Financial (CVBF) Q1 Earnings Cheat Sheet
- CVB Financial price target lowered to $18 from $19 at DA Davidson
- CVB Financial to participate in a conference call with DA Davidson
- Ex-Dividend Date Nearing for These 10 Stocks – Week of April 3, 2023
