CVB Financial Rises On Unusually High Volume (CVBF)

NEW YORK ( TheStreet) -- CVB Financial Corporation (Nasdaq: CVBF) is trading at unusually high volume Monday with 7.1 million shares changing hands. It is currently at 9.1 times its average daily volume and trading up 26 cents (+2.2%) at $11.85 as of 4 p.m. ET.

CVB Financial has a market cap of $1.14 billion and is part of the financial sector and banking industry. Shares are up 15.6% 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 banking and trust services for small and medium-sized businesses, professionals, and individuals. The company has a P/E ratio of 14.9, 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. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full CVB Financial Ratings Report.

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