CVB Financial Corp (NASDAQ: CVBF) has reported earnings for its first fiscal quarter (ending March 31) of $0.35 versus $0.42 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $1.52 versus $1.77 for the same period a year ago.
Recent Price Action
CVB Financial Corp (NASDAQ: CVBF) stock declined slightly by -0.06% on 4/24/24. The stock closed at $17.09. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has risen 8.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CVBF is expected to continue to be a Value Builder.
CVB Financial has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. CVB Financial has a good Appreciation Score of 79 but a neutral Power Rating of 43, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment