CVB Financial Corp. (CVBF) Reaches $22.31 After 7.00% Down Move; Orrstown Financial Services (ORRF) Has 1.61 Sentiment

April 17, 2018 - By Vivian Park

CVB Financial Corp. (NASDAQ:CVBF) Logo

The stock of CVB Financial Corp. (NASDAQ:CVBF) is a huge mover today! The stock decreased 1.41% or $0.32 during the last trading session, reaching $22.31. About 170,063 shares traded. CVB Financial Corp. (NASDAQ:CVBF) has risen 6.58% since April 17, 2017 and is uptrending. It has underperformed by 4.97% the S&P500.The move comes after 9 months negative chart setup for the $2.46B company. It was reported on Apr, 17 by Barchart.com. We have $20.75 PT which if reached, will make NASDAQ:CVBF worth $172.20M less.

Orrstown Financial Services Inc (ORRF) investors sentiment decreased to 1.61 in Q4 2017. It’s down -0.84, from 2.45 in 2017Q3. The ratio turned negative, as 29 hedge funds increased or opened new stock positions, while 18 trimmed and sold positions in Orrstown Financial Services Inc. The hedge funds in our database now possess: 3.35 million shares, up from 3.30 million shares in 2017Q3. Also, the number of hedge funds holding Orrstown Financial Services Inc in top ten stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 16 Increased: 22 New Position: 7.

Orrstown Financial Services, Inc. operates as the bank holding firm for Orrstown Bank that provides commercial banking and trust services in the United States. The company has market cap of $209.46 million. The firm accepts various deposits, including checking, savings, time, demand, and money market deposits. It has a 25.41 P/E ratio. The Company’s loan products include commercial loans, including commercial real estate, equipment, working capital, and other commercial purpose loans; consumer loans, such as home equity loans, home equity lines of credit, and other consumer loans; residential mortgage loans; and agribusiness, acquisition and development, municipal, and installment and other loans.

The stock increased 0.40% or $0.1 during the last trading session, reaching $24.9. About 2,524 shares traded. Orrstown Financial Services, Inc. (ORRF) has risen 15.42% since April 17, 2017 and is uptrending. It has outperformed by 3.87% the S&P500.

Endeavour Capital Advisors Inc holds 2.03% of its portfolio in Orrstown Financial Services, Inc. for 198,183 shares. Elizabeth Park Capital Advisors Ltd. owns 185,515 shares or 1.51% of their US portfolio. Moreover, Basswood Capital Management L.L.C. has 0.62% invested in the company for 526,900 shares. The Oregon-based Pacific Ridge Capital Partners Llc has invested 0.62% in the stock. Deprince Race & Zollo Inc, a Florida-based fund reported 298,333 shares.

Since January 1, 0001, it had 1 buying transaction, and 0 insider sales for $2,517 activity.

Analysts await Orrstown Financial Services, Inc. (NASDAQ:ORRF) to report earnings on April, 26. They expect $0.30 EPS, up 25.00% or $0.06 from last year’s $0.24 per share. ORRF’s profit will be $2.52M for 20.75 P/E if the $0.30 EPS becomes a reality. After $0.32 actual EPS reported by Orrstown Financial Services, Inc. for the previous quarter, Wall Street now forecasts -6.25% negative EPS growth.

Investors sentiment increased to 1.26 in 2017 Q4. Its up 0.18, from 1.08 in 2017Q3. It improved, as 17 investors sold CVB Financial Corp. shares while 37 reduced holdings. 20 funds opened positions while 48 raised stakes. 75.21 million shares or 0.01% more from 75.20 million shares in 2017Q3 were reported. Sector Pension Invest Board reported 65,222 shares stake. Gamble Jones Investment Counsel invested in 54,304 shares or 0.12% of the stock. 8,237 were reported by Bancorporation Of Montreal Can. Vanguard Gru Inc has 0.01% invested in CVB Financial Corp. (NASDAQ:CVBF). First Manhattan holds 0% of its portfolio in CVB Financial Corp. (NASDAQ:CVBF) for 5,442 shares. Pinebridge Invs L P stated it has 57,778 shares or 0.03% of all its holdings. Commercial Bank Of Mellon accumulated 0.01% or 2.25 million shares. Neuberger Berman Grp Inc Ltd Liability holds 0.2% of its portfolio in CVB Financial Corp. (NASDAQ:CVBF) for 7.43M shares. America First Investment Advsrs Lc has 8,057 shares for 0.06% of their portfolio. Ahl Prtnrs Llp accumulated 17,751 shares. Comerica Savings Bank has 0.02% invested in CVB Financial Corp. (NASDAQ:CVBF). Swiss Savings Bank accumulated 0% or 176,400 shares. Louisiana State Employees Retirement Systems has invested 0.05% in CVB Financial Corp. (NASDAQ:CVBF). Tudor Corp Et Al has invested 0.01% of its portfolio in CVB Financial Corp. (NASDAQ:CVBF). Moreover, Cibc Asset has 0% invested in CVB Financial Corp. (NASDAQ:CVBF).

Among 7 analysts covering CVB Financial (NASDAQ:CVBF), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. CVB Financial has $25.0 highest and $16.50 lowest target. $22.36’s average target is 0.22% above currents $22.31 stock price. CVB Financial had 19 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, July 3 by Keefe Bruyette & Woods. FIG Partners upgraded the stock to “Outperform” rating in Thursday, January 21 report. On Thursday, October 5 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, August 3. The stock of CVB Financial Corp. (NASDAQ:CVBF) has “Hold” rating given on Tuesday, February 27 by Piper Jaffray. The stock has “Hold” rating by Piper Jaffray on Monday, July 10. Piper Jaffray maintained the shares of CVBF in report on Thursday, February 1 with “Hold” rating. The firm earned “Hold” rating on Thursday, October 5 by Piper Jaffray. Piper Jaffray maintained it with “Hold” rating and $23.0 target in Friday, September 1 report. Hovde Group downgraded CVB Financial Corp. (NASDAQ:CVBF) rating on Monday, November 21. Hovde Group has “Underperform” rating and $19 target.

Since March 8, 2018, it had 0 buys, and 2 sales for $1.22 million activity. Myers Christopher D sold $744,949 worth of stock.

CVB Financial Corp. operates as a bank holding firm for Citizens Business Bank that provides various banking and trust services for businesses, professionals, and individuals. The company has market cap of $2.46 billion. It operates in two divisions, Business Financial and Commercial Banking Centers, and Dairy & Livestock and Agribusiness. It has a 23.48 P/E ratio. The firm offers various deposit products, including checking, savings, money market, and time certificates of deposit for business and personal accounts, as well as serves as a federal tax depository for business customers.

CVB Financial Corp. (NASDAQ:CVBF) Institutional Positions Chart

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