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

NEW YORK ( TheStreet) -- CVB Financial Corporation (Nasdaq: CVBF) hit a new 52-week high Friday as it is currently trading at $11.48, above its previous 52-week high of $11.46 with 513,129 shares traded as of 1:04 p.m. ET. Average volume has been 779,600 shares over the past 30 days.

CVB Financial has a market cap of $1.14 billion and is part of the financial sector and banking industry. Shares are up 13.3% year to date as of the close of trading on Thursday.

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank that provides various banking and trust services for small and medium-sized businesses, professionals, and individuals. The company has a P/E ratio of 14.4, above the average banking industry P/E ratio of 14.1 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 impressive record of earnings per share growth, compelling growth in net income, expanding profit margins, good cash flow from operations and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full CVB Financial Ratings Report.

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