In a report released today, Gary Tenner from D.A. Davidson maintained a Hold rating on Cvb Financial (CVBF – Research Report), with a price target of $16.00. The company’s shares closed yesterday at $14.92.
According to TipRanks, Tenner is a 5-star analyst with an average return of 13.3% and a 59.09% success rate. Tenner covers the Financial sector, focusing on stocks such as Pacwest Bancorp, Central Valley Community Bancorp, and Cvb Financial.
In addition to D.A. Davidson, Cvb Financial also received a Hold from Wedbush’s David Chiaverini in a report issued yesterday. However, on the same day, Piper Sandler assigned a Buy rating to Cvb Financial (NASDAQ: CVBF).
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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.
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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.
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
