KBW analyst Kelly Motta maintained a Hold rating on Cvb Financial (CVBF – Research Report) yesterday and set a price target of $22.00. The company’s shares closed yesterday at $18.98.
Motta covers the Financial sector, focusing on stocks such as Washington Federal, Banc of California, and Westamerica Bancorporation. According to TipRanks, Motta has an average return of 8.7% and a 64.00% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Cvb Financial with a $20.00 average price target.
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Based on Cvb Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $137.68 million and a net profit of $57.89 million. In comparison, last year the company earned a revenue of $144.93 million and had a net profit of $64.64 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 (CVBF) Company Description:
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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