CVBF Stock Summary and Trading Ideas (CVB Financial | NASDAQ:CVBF)

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 April 18, 2024, CVBF stock price climbed to $15.98 with 608,105 million shares trading.

CVBF has a beta of 1.80, meaning it tends to be more sensitive to market movements. CVBF has a correlation of 0.20 to the broad based SPY ETF.

CVBF has a market cap of $2.23 billion. This is considered a Mid Cap stock.

Last quarter CVB Financial reported $139 million in Revenue and $.39 earnings per share. This beat revenue expectation by $15 million and exceeded earnings estimates by $.01.

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, VB, IWM, SCHD.

CVBF has underperformed the market in the last year with a price return of +9.7% while the SPY ETF gained +22.2%. CVBF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -13.2% and -5.1%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

CVBF support price is $15.50 and resistance is $16.20 (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.