D.A. Davidson analyst Gary Tenner maintained a Hold rating on Cvb Financial (CVBF – Research Report) today and set a price target of $20.00. The company’s shares closed last Friday at $18.57.
Tenner covers the Financial sector, focusing on stocks such as Central Valley Community Bancorp, Pacwest Bancorp, and Sierra Bancorp. According to TipRanks, Tenner has an average return of 13.8% and a 66.67% success rate on recommended stocks.
Currently, the analyst consensus on Cvb Financial is a Hold with an average price target of $19.67, a 5.92% upside from current levels. In a report released on July 28, Wedbush also maintained a Hold rating on the stock with a $19.00 price target.
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CVBF market cap is currently $2.59B and has a P/E ratio of 10.56.
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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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