CVB Financial Stock Hits New 52-Week High (CVBF)

NEW YORK ( TheStreet) -- CVB Financial Corporation (Nasdaq: CVBF) hit a new 52-week high Monday as it is currently trading at $10.47, above its previous 52-week high of $10.46 with 184,747 shares traded as of 12:47 p.m. ET. Average volume has been 839,200 shares over the past 30 days.

CVB Financial has a market cap of $1.08 billion and is part of the financial sector and banking industry. Shares are up 2.3% year to date as of the close of trading on Friday.

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank that provides various retail banking and financial services to small to mid-sized businesses, high net-worth individuals, and professionals in the United States. The company has a P/E ratio of 15.7, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CVB Financial as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, good cash flow from operations, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full CVB Financial Ratings Report.

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