For its second fiscal quarter (ending June 30), CVB Financial Corp (NASDAQ: CVBF) has reported a -10% decline in E.P.S. from $0.40 a year ago to $0.36 in the current quarter. However, this performance was $0.02 better than the consensus estimate of $0.34. E.P.S. were $1.48 for the latest four quarters through June 30 versus $1.76 for the same period a year ago — a decline of -16%.
Recent Price Action
CVB Financial Corp (NASDAQ: CVBF) stock closed at $19.76 on 7/25/24 after an increase of 1.6%. Moreover, trading volume in this advance was exceptionally high at 200% of normal. The stock has risen 1.5% during the last week but has been weak relative to the market over the last nine months.
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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. CVB Financial has a good Appreciation Score of 76 but a slightly negative Power Rating of 32, triggering the 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.
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