CVB Financial (NASDAQ:CVBF) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Price breakout: CVB Financial (CVBF) traded above its 200-day moving average of $19.57, reaching as high as $20.55 and last trading at $20.37 on heavy volume (~4.08M shares).
• Analyst outlook: The stock has a consensus "Moderate Buy" with three Buy and one Hold, Piper Sandler raised its target to $27 and Weiss Ratings upgraded to a Buy, while the consensus target is $24.50.
• Fundamentals and dividend: Q1 EPS met expectations at $0.38 on lower-than-expected revenue, market cap is $2.77B with a P/E of 13.4, and the company pays a $0.20 quarterly dividend (3.9% yield, ~52.6% payout ratio).

Shares of CVB Financial Corporation (NASDAQ:CVBF - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.57 and traded as high as $20.55. CVB Financial shares last traded at $20.37, with a volume of 4,083,662 shares traded.

Analyst Ratings Changes

CVBF has been the topic of several research analyst reports. Piper Sandler boosted their target price on shares of CVB Financial from $26.00 to $27.00 and gave the stock an "overweight" rating in a report on Monday. Weiss Ratings raised shares of CVB Financial from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, April 10th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.50.

CVB Financial Trading Up 0.6%

The company has a market cap of $2.77 billion, a PE ratio of 13.40 and a beta of 0.65. The stock's 50 day moving average is $19.68 and its 200-day moving average is $19.57. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.21.

CVB Financial (NASDAQ:CVBF - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.38. The company had revenue of $132.12 million for the quarter, compared to the consensus estimate of $162.29 million. CVB Financial had a net margin of 32.05% and a return on equity of 9.14%. During the same quarter in the prior year, the firm earned $0.36 earnings per share. As a group, sell-side analysts anticipate that CVB Financial Corporation will post 1.56 EPS for the current year.

CVB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.80 dividend on an annualized basis and a yield of 3.9%. CVB Financial's dividend payout ratio is presently 52.63%.

Institutional Investors Weigh In On CVB Financial

A number of hedge funds have recently bought and sold shares of the business. ProShare Advisors LLC raised its stake in CVB Financial by 2.1% during the fourth quarter. ProShare Advisors LLC now owns 25,393 shares of the financial services provider's stock valued at $472,000 after purchasing an additional 521 shares in the last quarter. Bolthouse Investments LLC raised its stake in CVB Financial by 1.0% during the third quarter. Bolthouse Investments LLC now owns 58,746 shares of the financial services provider's stock valued at $1,111,000 after purchasing an additional 561 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of CVB Financial by 0.8% in the fourth quarter. State of Alaska Department of Revenue now owns 71,608 shares of the financial services provider's stock valued at $1,330,000 after acquiring an additional 561 shares during the period. Savant Capital LLC raised its stake in shares of CVB Financial by 5.6% in the third quarter. Savant Capital LLC now owns 10,689 shares of the financial services provider's stock valued at $202,000 after acquiring an additional 564 shares during the period. Finally, CWM LLC raised its stake in shares of CVB Financial by 6.3% in the fourth quarter. CWM LLC now owns 10,445 shares of the financial services provider's stock valued at $194,000 after acquiring an additional 620 shares during the period. Hedge funds and other institutional investors own 74.18% of the company's stock.

CVB Financial Company Profile

CVB Financial Corp is the bank holding company for Citizens Business Bank, a California-based commercial bank whose operations trace back to 1974. Headquartered in Ontario, California, the company provides a broad range of banking and financial services through its community-focused branch network. As a publicly traded company on the NASDAQ under the symbol CVBF, CVB Financial oversees strategic planning, corporate governance and long-term growth initiatives for its subsidiary.

The company's core business activities include commercial lending, real estate financing, equipment leasing and Small Business Administration (SBA) loan programs.

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