Analyst Predicts Potential Bank Mergers Following $11 Billion Comerica Sale
Written by Emily J. Thompson, Senior Investment Analyst
Source: MarketWatch
Potential Acquisitions: Jefferies analyst David Chiaverini has identified five potential merger candidates among regional banks, following the speculation of Fifth Third Bancorp acquiring Comerica Inc.
Market Trends: The analysis reflects a trend where regional financial firms are seeking mergers to enhance their competitiveness against larger banking institutions.
Analyst Views on CVBF
Wall Street analysts forecast CVBF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CVBF is 23.33 USD with a low forecast of 21.00 USD and a high forecast of 26.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 19.880
Low
21.00
Averages
23.33
High
26.00
Current: 19.880
Low
21.00
Averages
23.33
High
26.00
About CVBF
CVB Financial Corp. is the bank holding company for Citizens Business Bank (the Bank). The Bank offers an array of banking, lending and investing services with more than 60 banking centers and three trust office locations serving California. It offers a range of bank deposit instruments, which include checking, savings, money market and time certificates of deposit for both business and personal accounts, municipalities and districts, and specialized deposit products for title and escrow. It provides a full complement of lending products, including commercial, agribusiness, consumer, small business administration (SBA), real estate, and construction loans, as well as equipment and vehicle leasing. It also offers a range of specialized services designed for the needs of its commercial customers. In addition, it offers a range of financial services and trust services through its CitizensTrust division, which includes fiduciary services, mutual funds, annuities, 401(k) plans and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
