BidaskClub Upgrades CVB Financial (CVBF) to Hold
CVB Financial (NASDAQ:CVBF) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.
Several other research firms also recently weighed in on CVBF. Zacks Investment Research downgraded CVB Financial from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Sandler O’Neill reiterated a “hold” rating and set a $24.00 price target on shares of CVB Financial in a research note on Thursday, January 4th. Finally, ValuEngine downgraded CVB Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $23.17.
CVB Financial (NASDAQ:CVBF) opened at $22.49 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market capitalization of $2,478.06, a price-to-earnings ratio of 23.67, a PEG ratio of 1.86 and a beta of 1.43. CVB Financial has a 12 month low of $19.58 and a 12 month high of $25.49.
A number of institutional investors and hedge funds have recently modified their holdings of CVBF. Vanguard Group Inc. lifted its holdings in CVB Financial by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 9,771,495 shares of the financial services provider’s stock worth $219,175,000 after purchasing an additional 365,996 shares in the last quarter. BlackRock Inc. lifted its holdings in CVB Financial by 2.7% during the 4th quarter. BlackRock Inc. now owns 13,116,215 shares of the financial services provider’s stock worth $309,019,000 after purchasing an additional 350,786 shares in the last quarter. Walthausen & Co. LLC purchased a new stake in CVB Financial during the 3rd quarter worth about $7,099,000. Arizona State Retirement System lifted its holdings in CVB Financial by 224.0% during the 4th quarter. Arizona State Retirement System now owns 172,175 shares of the financial services provider’s stock worth $4,056,000 after purchasing an additional 119,039 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in CVB Financial by 78.0% during the 3rd quarter. New York State Common Retirement Fund now owns 194,700 shares of the financial services provider’s stock worth $4,706,000 after purchasing an additional 85,300 shares in the last quarter. 69.21% of the stock is currently owned by institutional investors and hedge funds.
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CVB Financial Company Profile
CVB Financial Corp. (CVB) is the bank holding company for Citizens Business Bank (the Bank). The Bank operates through two segments: Business Financial and Commercial Banking Centers (Centers), and Other Operations. The Company’s administrative and other smaller operating departments are combined into the Other segment.
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