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CVB Financial Corp. (CVBF) receives an Outperform rating from Keefe Bruyette

In a filing, CVB Financial Corp. revealed its Director Sheehy Kimberly H. unloaded Company’s shares for reported $50763.0 on Jul 02 ’24. In the deal valued at $17.14 per share,2,961 shares were sold. As a result of this transaction, Sheehy Kimberly H. now holds 13,156 shares worth roughly $0.25 million.

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Then, Borba George A Jr bought 34,200 shares, generating $546,837 in total proceeds. Upon buying the shares at $15.99, the Director now owns 660,511 shares.

Before that, Borba George A Jr bought 4,610 shares. CVB Financial Corp. shares valued at $73,755 were divested by the Director at a price of $16.00 per share. As a result of the transaction, Borba George A Jr now holds 665,121 shares, worth roughly $12.79 million.

Keefe Bruyette upgraded its CVB Financial Corp. [CVBF] rating to an Outperform from a a Mkt perform in a research note published on October 02, 2024; the price target was increased to $22 from $20. A number of analysts have revised their coverage, including Janney’s analysts, who decreased its forecast for the stock in late May from “a Buy” to “a Neutral”. Hovde Group also remained covering CVBF and has decreased its forecast on April 22, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Stephens started covering the stock on December 08, 2023. It rated CVBF as “an Equal-weight”.

Price Performance Review of CVBF

On Friday, CVB Financial Corp. [NASDAQ:CVBF] saw its stock fall -1.84% to $19.23. Over the last five days, the stock has lost -1.64%. CVB Financial Corp. shares have fallen nearly -4.75% since the year began. Nevertheless, the stocks have risen 28.37% over the past one year. While a 52-week high of $21.77 was reached on 01/02/24, a 52-week low of $14.62 was recorded on 04/16/24. SMA at 50 days reached $18.09, while 200 days put it at $17.46.

Levels Of Support And Resistance For CVBF Stock

The 24-hour chart illustrates a support level at 19.04, which if violated will result in even more drops to 18.84. On the upside, there is a resistance level at 19.60. A further resistance level may holdings at 19.96. The Relative Strength Index (RSI) on the 14-day chart is 57.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.26%. Stochastics %K at 68.49% indicates the stock is a holding.

How much short interest is there in CVB Financial Corp.?

A steep rise in short interest was recorded in CVB Financial Corp. stocks on 2024-10-15, dropping by -1.05 million shares to a total of 3.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.34 million shares. There was a decline of -31.88%, which implies that there is a negative sentiment for the stock.

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