20-May-2024
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CVB Financial Corp. Reports Earnings for the First Quarter 2024
Globe Newswire (Wed, 24-Apr 4:45 PM ET)
CVB Financial Corp. Announces 138th Consecutive Quarterly Cash Dividend
Globe Newswire (Wed, 20-Mar 4:54 PM ET)
CVB Financial Corp is the holding company for Citizens Business Bank. Citizens Business Bank offers banking, lending, and investing services. It provides a full complement of lending products, including commercial, agribusiness, consumer, SBA, real estate, and construction loans, as well as equipment and vehicle leasing. Commercial products include lines of credit and other working capital financing, accounts receivable lending and letters of credit.
CVB Financial trades on the NASDAQ stock market under the symbol CVBF.
As of May 20, 2024, CVBF stock price declined to $17.20 with 314,016 million shares trading.
CVBF has a beta of 1.26, meaning it tends to be more sensitive to market movements. CVBF has a correlation of 0.15 to the broad based SPY ETF.
CVBF has a market cap of $2.40 billion. This is considered a Mid Cap stock.
Last quarter CVB Financial reported $127 million in Revenue and $.35 earnings per share. This beat revenue expectation by $10 million and met earnings estimates .
In the last 3 years, CVBF stock traded as high as $29.25 and as low as $10.66.
The top ETF exchange traded funds that CVBF belongs to (by Net Assets): IJR, VTI, IWM, VB, SCHD.
CVBF has outperformed the market in the last year with a return of +49.9%, while the SPY ETF gained +29.3%. However, in the most recent history, CVBF shares have underperformed the stock market with its stock returning -0.2% in the last 3 month period and -0.1% for the last 2 week period, while SPY has returned +6.4% and +3.7%, respectively.
CVBF support price is $17.09 and resistance is $17.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CVBF stock will trade within this expected range on the day.