CVBF CVB Financial Corp
XNAS
22.24
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
CVBF
$22.24
—
Key stats
$22.24
- 52-Week Range
- $18.01 – $23.41
- YTD
- +19.12%
- IV Rank (30D)
- 24.79
- Straddle Price
- $1.90
- P/C Vol Ratio
- 0.07
- Market Cap
- $3.9B
- Open
- $22.26
- Day Range
- $22.08 – $22.28
- Volume
- 1,236,522
- Prev Close
- $22.16
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 0.77 |
| Cost of Equity (CAPM) | 9.01% (VRP-adj) |
| WACC | 9.04% |
| Volatility Risk Premium | +49.1pp (IV − HV30) |
| Effective Tax Rate | 25.7% |
| Rev. Growth (YoY, DCF input) | +5.0% |
| DCF Horizon | 12 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.05 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.6B |
| Return on Equity (TTM) | 6.5% |
| Book / Price | 75.0% — banking bias active (P/B is primary) |
| Bank Quality Adj | ×0.67 (target ROE vs peer median) |
| Gross Margin (TTM) | 79.5% |
| FCF Margin (TTM) | 88.3% |
| Debt / Equity | 0.00 |
| Quality Score | 4/6 — high quality (12y DCF) |
| SMA 50 | $22.28 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $21.90 |
| Bollinger Width / SMA20 | 26.3% (drives anchor stability) |
| Net Debt | $-0.1B |
| Market Cap | $3B |
Peers used for multiples: AUB, FFBC, FHB, FIBK, FULT, UBSI, WSBC, WTFC
60-Day Conviction
41%
20-Day Fair Value
≈ by Nov 20, 2026
$22.32
α +0.4%
rank 72%
conviction
25%
40-Day Fair Value
≈ by Dec 21, 2026
$22.64
α +1.8%
rank 73%
conviction
56%
60-Day Fair Value
≈ by Jan 19, 2027
$22.49
α +1.1%
rank 75%
conviction
41%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $77.28 | 33% | |
| DDM (Gordon) | $20.87 | 26% | |
| Peer P/E | $12.19 | 10% | median 11.3× · 8 peers |
| Peer EV/EBITDA | n/a | 0% | median 10.8× · 8 peers |
| Peer P/B | $18.42 | 15% | median 1.1× · 8 peers |
| Peer P/S | $8.17 | 5% | median 2.5× · 8 peers |
| Market Anchor (SMA50) | $22.28 | 12% | stability 18% (BB-width) |
| Options Expected (B-L 30d) | $19.81 | 0% | 6 strikes · skew -0.54 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- STATE COMMERCIAL BANKS (6022) · industry map
- Exchange
- XNAS
- Market Cap
- $3.9B
- Employees
- 1,079
- List Date
- 1983-03-16
- CIK
- 0000354647
- Headquarters
- Ontario, CA
- Homepage
- https://www.cbbank.com
CVB Financial Corp is the holding company for Citizens Business Bank. Citizens Business Bank offers banking, lending, and investing services. It provides a full complement of lending products, including commercial, agribusiness, consumer, SBA, real estate, and construction loans, as well as equipment and vehicle leasing. Commercial products include lines of credit and other working capital financing, accounts receivable lending and letters of credit. It is a community bank with one reportable operating segment.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -0.46% | 2.09% | -4.12% | -16.44% | 0.00% | 5.57% | -2.23% |
| Feb | 8.35% | 7.13% | -1.72% | 3.65% | -0.88% | -4.40% | 2.02% |
| Mar | 0.50% | 1.31% | -30.73% | 6.25% | -8.43% | -0.87% | -5.33% |
| Apr | -4.52% | -0.39% | -9.98% | -6.25% | 0.54% | 4.46% | -2.69% |
| May | 2.92% | 6.53% | -17.46% | -1.25% | 0.00% | -0.44% | -1.62% |
| Jun | -7.92% | 0.94% | 6.67% | 5.70% | 7.61% | 12.19% | 4.20% |
| Jul | -7.83% | 6.04% | 35.95% | 11.72% | -8.87% | -3.41% | 5.60% |
| Aug | 7.21% | -1.91% | -6.68% | 0.22% | 9.58% | -3.02% | 0.90% |
| Sep | 1.09% | -1.75% | -8.81% | -0.56% | -4.97% | -1.19% | -2.70% |
| Oct | -3.00% | 10.89% | -3.16% | 11.73% | -1.71% | 1.04%* | 2.63% |
| Nov | -7.90% | 1.70% | 11.96% | 21.54% | 6.61% | -- | 6.78% |
| Dec | 11.34% | -9.74% | 6.21% | -8.15% | -5.92% | -- | -1.25% |
| Total | -2.55% | 23.46% | -31.08% | 25.05% | -8.13% | 9.17% | 2.65% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $21.90
SMA 50: $22.28
SMA 200: $21.03
Current: $22.24
EMA 12: $21.91
EMA 26: $22.00
MACD: -0.0964 | Signal: 0.0698
BEARISH
ADX (14): 19.95
RANGE
+DI: 28.35
−DI: 23.75
Momentum Oscillators
RSI (14): 54.24
NEUTRAL
Stoch %K: 69.74
Stoch %D: 60.96
Williams %R: -19.15
Volume & Volatility
BB Upper: $22.53
BB Lower: $21.27
NEUTRAL
OBV: 7,585,088
Vol SMA 20: 1,331,897
Vol ROC: 2.28%
ATR: $0.39
True Range: $0.20
HV 20: 19.6%
HV 30: 18.1%
HV 60: 16.8%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
CVB Financial Corp. (CVBF) - Comprehensive Stock Analysis
Executive Summary
Overall Assessment: NEUTRAL with 6/10 confidence
CVB Financial is a defensive regional bank (Beta 0.57) navigating a post-merger transition following the April 2026 completion of its Heritage Commerce acquisition. The stock displays conflicting signals: positive merger-related news sentiment contrasts sharply with deteriorating technical momentum and bearish MACD positioning. The company is consolidating below key moving averages with weak trend strength, suggesting investors remain cautious about integration execution despite strong regulatory tailwinds.
Key Drivers:
- Completed Heritage Commerce merger (April 2026) — transformational integration phase
- Positive sentiment from director appointment and institutional interest (Bernzott Capital purchase)
- Deteriorating momentum with bearish MACD and elevated -DI (32.53)
Primary Risks:
- Merger integration execution risk during nascent post-close phase
- Price trading below 20-day and 50-day SMAs signals weakness
- Weak trend strength (ADX 21.80) despite bearish directional signals
- Next earnings (Oct 28, 2026) will be first full combined-entity report
Investment Thesis: CVB Financial completed a significant merger in April 2026 with positive regulatory signaling and institutional buying interest, yet the stock's technical profile shows deteriorating momentum with price below both 20-day and 50-day moving averages. The defensive beta (0.57) and low volatility make this suitable for conservative portfolios, but conviction remains low until merger integration metrics are demonstrated at upcoming earnings.
Technical Analysis
Trend Direction
| Timeframe | Direction | Confidence | |-----------|-----------|------------| | Short-term (1-4 weeks) | BEARISH | Medium | | Medium-term (1-3 months) | NEUTRAL/WEAK | Medium | | Long-term (3-12 months) | NEUTRAL | Low |
Detailed Assessment:
- Current Price ($21.49) is trading below all key moving averages:
- Below SMA 20 ($22.21) by -3.2%
- Below SMA 50 ($22.43) by -4.2%
- Above SMA 200 ($20.93) by +2.7% — maintains long-term support floor
The price action suggests a short-term pullback within a longer-term uptrend, but the proximity to the 200-day MA indicates vulnerability if consolidation breaks lower.
Support/Resistance Levels
| Level | Price | Signal | Distance | |-------|-------|--------|----------| | Immediate Support | $21.36 | Bollinger Band Lower | -0.6% | | Primary Support | $20.93 | SMA 200 | -2.6% | | Secondary Support | $20.50 | Technical pattern | -4.6% | | Immediate Resistance | $22.21 | SMA 20 | +3.3% | | Secondary Resistance | $22.43 | SMA 50 | +4.4% | | Upper Resistance | $23.06 | Bollinger Band Upper | +7.3% |
Interpretation: Support is layered but notably relies on the 200-day moving average. A break below $20.93 would signal weakness below major technical support. Resistance is compressed between the 20/50 SMAs, suggesting limited upside potential until the stock reclaims these levels.
Momentum Signals
RSI (14): 39.51 — NEUTRAL with slight bearish bias
- Position within the neutral zone (30-70) but closer to oversold threshold
- Not yet at oversold (<30) but moving in that direction
- Indicates declining buying momentum but not capitulation
MACD: -0.21 / Signal Line: -0.07 — BEARISH CROSSOVER PATTERN
- MACD trading below signal line (histogram = -0.15 negative)
- Indicates bearish momentum with declining slope
- Recently crossed below signal line, confirming momentum deterioration
- This is the most concerning technical indicator on the chart
Stochastic Oscillators: %K 17.52, %D 24.39 — OVERSOLD TERRITORY
- Both K and D are below 30, indicating oversold conditions
- However, this can signal a reversal opportunity if support holds
- K line below D line confirms bearish momentum
Williams %R: -87.82 — EXTREME OVERSOLD
- Reading near -100 indicates extreme selling pressure
- This extreme reading often precedes mean reversion rallies
- Suggests short-term bounce potential from current levels
Bollinger Bands: NEUTRAL POSITION
- Price ($21.49) trading between lower band ($21.36) and middle band ($22.21)
- Not at extremes; bands are neither squeezed nor maximally expanded
- Width of 7.67 is moderate, suggesting consolidation pattern
- Band squeeze could precede volatility expansion
Volume Analysis
Critical Volume Weakness:
- Volume Rate of Change: -47.11% — Severe deterioration
- Volume SMA 20: 1,583,446 — Baseline for comparison
- Current volume is running roughly half the 20-day average, indicating weak conviction
On-Balance Volume (OBV): 7,918,747.97
- OBV is positive but not accumulating aggressively
- Combined with declining volume, suggests neither strong institutional buying nor panic selling
- Indicates retail or algorithmic price discovery
Interpretation: The sharp volume decline (-47%) is significant and suggests:
- Reduced institutional interest post-merger announcement period
- Possible patience/wait-and-see approach ahead of Oct 28 earnings
- Lower conviction behind current price levels
- Potential for sharp moves on relatively small volume
News & Sentiment Analysis
Recent Headlines Summary (Last 10 Articles)
The news environment is entirely dominated by the Heritage Commerce merger narrative, with 6 of 6 recent headlines directly related to merger milestones:
| Date | Headline | Event Type | |------|----------|-----------| | 2026-07-22 | New Director Appointment | Post-merger governance | | 2026-05-03 | Bernzott Capital 415k share purchase | Institutional validation | | 2026-04-17 | Merger Completion (2 articles) | Major milestone | | 2026-04-01 | Regulatory Approvals Received | Regulatory clearance | | 2026-03-26 | Shareholder Approval | Governance milestone |
Key Themes:
- Regulatory/Governance Success: Full approval pathway completed (shareholders → regulators → close)
- Institutional Confidence: Bernzott Capital's 415,000 share purchase (May 3) signals institutional conviction
- Leadership Continuity: New director appointment (July 22) suggests board integration progressing
- Conspicuous Absence of Operational Updates: No headlines about integration milestones, synergy targets, or deposit/loan data
Sentiment Assessment
Aggregate Sentiment: POSITIVE (100% positive headlines)
- All 6 recent articles carry positive sentiment classification
- However, sentiment is backward-looking (past regulatory milestones) rather than forward-looking (integration progress, synergy realization)
- Sentiment is event-driven, not fundamental-driven
Sentiment-Technical Divergence: SIGNIFICANT CONFLICT
- ✓ News sentiment: Positive
- ✗ Technical momentum: Bearish (MACD below signal, -DI elevated)
- ✗ Price action: Below key moving averages with declining volume
- Interpretation: Market is not translating positive merger news into upward momentum; may indicate investor skepticism about integration execution or post-merger economics
Catalyst Identification
Immediate Catalysts (Next 1-7 days):
- None identified; quiet period expected
Near-term Catalysts (1-4 weeks):
- Routine quarterly updates: Management commentary on integration progress (informal channels)
- Analyst reports: Banks typically see mid-quarter analyst updates on deal progress
Medium-term Catalysts (1-3 months):
- Q3 2026 Earnings (October 28, 2026) — CRITICAL
- This will be the first full report under combined entity
- Will reveal: integration progress, deposit retention, loan portfolio quality, cost synergy realization
- Expected to drive significant
Generated
News
All CVBF news →
Earnings History
14 of 14 under expected move
Avg Expected Move
15.41%
Avg Actual Move
1.34%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2023-04-27 | After-Close | 33.58% | 0.34% | 0.01x | Within |
| 2023-07-27 | After-Close | 7.82% | 3.00% | 0.38x | Within |
| 2023-10-26 | After-Close | 10.89% | 2.43% | 0.22x | Within |
| 2024-01-25 | After-Close | 8.53% | 2.02% | 0.24x | Within |
| 2024-04-25 | After-Close | 10.78% | 0.18% | 0.02x | Within |
| 2024-07-25 | Pre-Market | 6.82% | 1.65% | 0.24x | Within |
| 2024-10-24 | After-Close | 13.02% | 1.84% | 0.14x | Within |
| 2025-01-23 | After-Close | 13.07% | 0.15% | 0.01x | Within |
| 2025-04-24 | Pre-Market | 10.65% | 0.69% | 0.06x | Within |
| 2025-08-04 | After-Close | 10.70% | 2.51% | 0.23x | Within |
| 2025-10-23 | After-Close | 17.96% | 2.25% | 0.13x | Within |
| 2026-01-22 | Pre-Market | 20.43% | 0.36% | 0.02x | Within |
| 2026-04-22 | After-Close | 38.41% | 0.79% | 0.02x | Within |
| 2026-07-22 | After-Close | 13.04% | 0.54% | 0.04x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
CVBF Options Activity & IV Rank
CVBF IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 30.7%
7-DTE IV: —
Expected Move: $1.90
7-DTE Move: $1.90
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 230
Put Volume: 15
P/C Volume: 0.065
BULLISH
Call OI: 230
Put OI: 2
P/C OI: 0.009
Total OI: 232
ATM Options Pricing
ATM Call: $1.07
ATM Put: $0.82
Call %: 4.8%
Put %: 3.7%
Chain Summary
Chain Volume: 946
Chain OI: 937
Last Updated: 10/21/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 94th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
94%
vs own history
GEX tilt
+1.00
OI-weighted, today
Vanna tilt
-0.50
δ-sensitivity to IV
Charm tilt
-0.10
δ-decay vs time
Vanna tilt -0.50: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
? What is this?
· 3 ATM contracts, 1k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 26.8% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)24.8LowOct 21
Straddle Price (30 DTE)$1.90Oct 21
Beta Analysis
Risk Metrics
Beta: 0.4885
Alpha: 12.50%
Correlation: 0.2734
R-Squared: 7.5%
Stock Volatility: 22.7%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
CVBF Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 137,667,500 (as of 2025-12-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
2 filers$899.75K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $660.72K | 73.43% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $239.03K | 26.57% | 2026-06-30 |
1 filers$410.41K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $410.41K | 100.00% | 2026-06-30 |
CVBF Insider Trading (Form 4)
Latest: 2026-08-31Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-08-31 | Mike Maddox | Director | Buy (P) | +10,000 | $22.03 | $220.3K | EDGAR |
| 2026-08-25 | Mike Maddox | Director | Award (A) | +3,138 | $22.57 | $70.8K | EDGAR |
| 2026-08-05 | David C Harvey | EVP Chief Operating Officer | Sell (S) | −40,000 | $22.94 | -$917.7K | EDGAR |
| 2026-07-28 | Brien Raymond V O III | Director | Buy (P) | +20,000 | $22.77 | $455.3K | EDGAR |
| 2026-06-09 | Richard H Wohl | EVP & General Counsel | Tax (F) | −8,944 | $20.50 | -$183.4K | EDGAR |
| 2026-06-03 | Yamynn DeAngelis | EVP Chief Risk Officer | Tax (F) | −11,109 | $20.10 | -$223.3K | EDGAR |
| 2026-05-22 | George A Borba Jr | Director | Buy (P) | +48,894 | $20.45 | $1000.0K | EDGAR |
| 2026-05-20 | Komas Julianne M Biagini | Director | Award (A) | +4,187 | — | EDGAR | |
| 2026-05-20 | Brien Raymond V O III | Director | Award (A) | +4,187 | — | EDGAR | |
| 2026-05-20 | Anna Kan | Director | Award (A) | +4,187 | — | EDGAR | |
| 2026-05-20 | Stephen A Del Guercio | Director | Award (A) | +4,187 | — | EDGAR | |
| 2026-05-20 | Hal W Oswalt | Director | Award (A) | +4,187 | — | EDGAR | |
| 2026-05-20 | Roger Lynn Ehrnman | EVP, Chief Risk Officer | Award (A) | +10,000 | — | EDGAR | |
| 2026-05-20 | George A Borba Jr | Director | Award (A) | +4,187 | — | EDGAR | |
| 2026-05-20 | Jane Olvera | Director | Award (A) | +4,187 | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
CVBF Insider Holdings
19 insiders · @ $22.24
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | David A. Brager | President & CEO | 260,565 | $5.79M | -$878.9K | 82 | 2026-03-18 |
| 2 | Robertson Clay Jones JR | President | 244,767 | $5.44M | $0 | 1 | 2026-04-21 |
| 3 | E Allen Nicholson | EVP & CFO | 133,776 | $2.98M | $55.0K | 37 | 2026-04-03 |
| 4 | Yamynn DeAngelis | EVP Chief Risk Officer | 122,848 | $2.73M | -$224.3K | 41 | 2026-06-03 |
| 5 | David C Harvey | EVP Chief Operating Officer | 98,149 | $2.18M | -$1.52M | 70 | 2026-08-05 |
| 6 | Brien Raymond V O III | Director | 85,780 | $1.91M | $552.3K | 16 | 2026-07-28 |
| 7 | David F Farnsworth | EVP & CCO | 83,882 | $1.87M | -$365.4K | 38 | 2026-03-18 |
| 8 | Stephen A Del Guercio | Director | 71,491 | $1.59M | -$252.3K | 17 | 2026-05-20 |
| 9 | George A Borba Jr | Director | 59,300 | $1.32M | -$80.87M | 34 | 2026-05-22 |
| 10 | Hal W Oswalt | Director | 53,780 | $1.20M | -$108.0K | 20 | 2026-05-20 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
CVBF Board & Officers
As of SEC filings through Oct 21, 2026Directors 10
- Brien Raymond V O III · since Sep 19, 2012
- Stephen A Del Guercio · since Oct 30, 2012
- George A Borba Jr · since Nov 14, 2012
- Hal W Oswalt · since Dec 18, 2013
- Anna Kan · since Jul 28, 2016
- Jane Olvera · since Feb 10, 2021
- Timothy Michael Stephens · since Oct 22, 2025
- Komas Julianne M Biagini · since Apr 17, 2026
- Robertson Clay Jones JR · since Apr 17, 2026
- Mike Maddox · since Jul 22, 2026
Officers 5
- E Allen Nicholson · EVP & CFO · since Jun 1, 2016
- David C Harvey · EVP Chief Operating Officer · listed since Mar 2022
- Sheryl Laygo · Chief Accounting Officer · since Nov 20, 2024
- Roger Lynn Ehrnman · EVP, Chief Risk Officer · since May 4, 2026
- David F Farnsworth · EVP & Cco · since Jul 18, 2016
Changes in the last 10 years (31)
| Jul 22, 2026 | Mike Maddox became a director |
| Jun 9, 2026 | Richard H Wohl reported in an SEC filing no longer being EVP & General Counsel |
| Jun 3, 2026 | Yamynn DeAngelis reported in an SEC filing no longer being EVP Chief Risk Officer |
| Jun 1, 2026 | The company announced the departure of David A. Brager as President & CEO in an SEC filing |
| May 4, 2026 | Roger Lynn Ehrnman became EVP, Chief Risk Officer |
| Apr 17, 2026 | The company announced the departure of Robertson Clay Jones JR as President in an SEC filing |
| Apr 17, 2026 | Robertson Clay Jones JR became a director |
| Apr 17, 2026 | Robertson Clay Jones JR became President |
| Apr 17, 2026 | Komas Julianne M Biagini became a director |
| Feb 18, 2026 | The company announced the departure of Kimberly H. Sheehy from the board in an SEC filing |
| Oct 22, 2025 | Timothy Michael Stephens became a director |
| Nov 20, 2024 | Sheryl Laygo became Chief Accounting Officer |
| Oct 21, 2024 | The company announced the departure of Francene LaPoint as SVP Chief Accounting Officer in an SEC filing |
| Jul 20, 2022 | The company announced the departure of David A. Brager from the board in an SEC filing |
| Jul 20, 2022 | The company announced the departure of David A. Brager from the board in an SEC filing |
| Jun 15, 2022 | Kimberly H. Sheehy became a director |
| Mar 29, 2022 | David C Harvey listed as EVP Chief Operating Officer (previously EVP Chief Operations Officer) in SEC filings |
| Feb 23, 2022 | The company announced the departure of Marshall Laitsch from the board in an SEC filing |
| Feb 23, 2022 | The company announced the departure of Kristina M Leslie from the board in an SEC filing |
| Jan 27, 2022 | David A. Brager listed as President & CEO (previously CEO) in SEC filings |
| Nov 18, 2021 | David A. Brager first listed as a director in an SEC filing |
| Nov 12, 2021 | The company announced the departure of Brian T. Mauntel as President in an SEC filing |
| May 17, 2021 | Francene LaPoint became SVP Chief Accounting Officer |
| Apr 26, 2021 | Brian T. Mauntel became President |
| Feb 10, 2021 | Jane Olvera became a director |
| Mar 27, 2020 | David A. Brager listed as CEO (previously EVP Sales Division Manager) in SEC filings |
| Mar 27, 2020 | David A. Brager first listed as a director in an SEC filing |
| Aug 10, 2018 | Marshall Laitsch became a director |
| Feb 26, 2018 | Yamynn DeAngelis became EVP Chief Risk Officer |
| Feb 26, 2018 | Richard H Wohl became EVP & General Counsel |
| Jul 1, 2017 | Jr. Rodrigo Guerra became a director |
Not reported recently (3)
- Jr. Rodrigo Guerra · Last reported as a director in an SEC filing dated Aug 3, 2022
- Christopher D Myers · Last reported as a director in an SEC filing dated Mar 3, 2020
- Robert Jacoby · Last reported as a director in an SEC filing dated Dec 1, 2016
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
CVBF Proposed Insider Sales (Form 144)
Latest: 2026-08-04
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
1 filing
· $928K notice value
· 1 unique filer
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Harvey David C (1, $928K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-08-04 | Harvey David C | Officer | 40,000 | $927.6K | 2026-08-04 | Charles Schwab & Co., Inc. | — | EDGAR |
| 2024-11-25 | Del Guercio Stephen A | Director | 8,289 | $199.2K | 2024-11-25 | Fidelity Brokerage Services LLC | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
104 ETFs hold CVBF
25 shown · $1.13B total exposure · 0.22% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IJR iShares Core S&P Small-Cap ETF | iShares (BlackRock) | 0.21% | $221.8M | $103.1B | 2026-10-20 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.01% | $116.0M | — | 2026-09-30 |
| 3 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.13% | $98.7M | $75.1B | 2026-10-20 |
| 4 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.05% | $81.2M | — | 2026-09-30 |
| 5 | DFSV Dimensional US Small Cap Value ETF | Dimensional | 0.25% | $67.7M | — | 2026-10-20 |
| 6 | SCHD Schwab U.S. Dividend Equity ETF | Nport | 0.07% | $62.2M | — | 2026-05-31 |
| 7 | VBR Vanguard Morningstar Small-Cap Value ETF | Vanguard | 0.08% | $52.9M | — | 2026-09-30 |
| 8 | DFAT Dimensional US Targeted Value ETF | Dimensional | 0.16% | $50.4M | — | 2026-10-20 |
| 9 | KRE State Street® SPDR® S&P® Regional Banking ETF | SPDR (State Street) | 1.09% | $43.5M | $4.0B | 2026-10-20 |
| 10 | VXF Vanguard Extended Market ETF | Vanguard | 0.04% | $40.7M | — | 2026-09-30 |
| 11 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.26% | $35.5M | $13.7B | 2026-10-20 |
| 12 | SPSM State Street® SPDR® Portfolio S&P 600™ Small Cap ETF | SPDR (State Street) | 0.21% | $33.7M | $15.7B | 2026-10-20 |
| 13 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.10% | $32.7M | — | 2026-10-20 |
| 14 | IJS iShares S&P Small-Cap 600 Value ETF | iShares (BlackRock) | 0.41% | $30.9M | $7.6B | 2026-10-20 |
| 15 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.12% | $21.5M | — | 2026-09-30 |
| 16 | SLYV State Street® SPDR® S&P 600™ Small Cap Value ETF | SPDR (State Street) | 0.41% | $19.3M | $4.7B | 2026-10-20 |
| 17 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.02% | $18.6M | — | 2026-10-20 |
| 18 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.07% | $16.3M | — | 2026-05-31 |
| 19 | VYM Vanguard High Dividend Yield ETF | Vanguard | 0.02% | $14.6M | — | 2026-09-30 |
| 20 | KBE State Street® SPDR® S&P® Bank ETF | SPDR (State Street) | 0.98% | $14.1M | $1.4B | 2026-10-20 |
| 21 | FESM Fidelity Enhanced Small Cap Core ETF | Fidelity | 0.21% | $13.7M | $6.6B | 2026-10-20 |
| 22 | VIOO Vanguard S&P Small-Cap 600 ETF | Vanguard | 0.21% | $12.8M | — | 2026-09-30 |
| 23 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.16% | $11.9M | — | 2026-10-20 |
| 24 | DES WisdomTree U.S. SmallCap Dividend Fund | Nport | 0.42% | $9.3M | — | 2026-06-30 |
| 25 | FNDA Schwab Fundamental U.S. Small Company ETF | Nport | 0.09% | $8.0M | — | 2026-05-31 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
14.63
TTM Diluted EPS
$1.52
TTM Revenue
$648.47M
TTM Net Income
$208.25M
TTM Op. Cash Flow
$221.41M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q4 '25 | 2025-12-31 | $167.17M | $54.69M | $0.41 | $44.88M |
| Q3 '25 | 2025-09-30 | $163.12M | $52.24M | $0.38 | $81.54M |
| Q2 '25 | 2025-06-30 | $158.95M | $50.22M | $0.37 | $53.11M |
| Q1 '25 | 2025-03-31 | $159.23M | $51.10M | $0.36 | $41.88M |
| Q4 '24 | 2024-12-31 | $160.70M | $50.49M | $0.37 | $74.75M |
| Q3 '24 | 2024-09-30 | $178.59M | $50.85M | $0.37 | $71.39M |
| Q2 '24 | 2024-06-30 | $173.50M | $49.66M | $0.36 | $26.15M |
| Q1 '24 | 2024-03-31 | $171.80M | $48.60M | $0.35 | $77.47M |
| Q4 '23 | 2023-12-31 | $177.24M | $46.96M | $0.35 | $48.68M |
| Q3 '23 | 2023-09-30 | $170.54M | $57.89M | $0.42 | $84.85M |
| Q2 '23 | 2023-06-30 | $161.90M | $55.77M | $0.40 | $91.98M |
| Q1 '23 | 2023-03-31 | $155.99M | $59.27M | $0.42 | $70.12M |
Q4 2025 • period ending 2025-12-31 • filed 2026-02-27
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
14.63
P/B
1.33
P/S
4.72
EV/EBITDA
10.43
EV/Sales
4.56
ROE
9.1%
ROA
1.3%
Div Yield
2.81%
FCF Yield
7.23%
Debt/Equity
0.00
Current Ratio
—
Market Cap
$3.06B
as of 2026-10-21
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
10.76M
SI % of Float
6.56%
Days to Cover
6.54
Short Vol Ratio
75.9%
Free Float
164.14M
Float %
93.3%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-09-22