CVB Financial Corporation (NASDAQ:CVBF) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 18th. Analysts expect CVB Financial Corporation to post earnings of $0.27 per share for the quarter.
CVB Financial Corporation (NASDAQ:CVBF) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The firm had revenue of $81.26 million during the quarter, compared to analyst estimates of $80.10 million. CVB Financial Corporation had a return on equity of 10.67% and a net margin of 35.33%. During the same quarter in the previous year, the company posted $0.23 earnings per share. On average, analysts expect CVB Financial Corporation to post $1.06 EPS for the current fiscal year and $1.14 EPS for the next fiscal year.
CVB Financial Corporation (CVBF) opened at 23.67 on Tuesday. CVB Financial Corporation has a 12-month low of $16.32 and a 12-month high of $25.25. The stock has a market cap of $2.61 billion, a P/E ratio of 23.53 and a beta of 1.56. The stock has a 50 day moving average price of $22.18 and a 200 day moving average price of $21.65.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Wednesday, October 4th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Tuesday, October 3rd. CVB Financial Corporation’s payout ratio is 56.00%.
In related news, Director Anna Kan bought 4,660 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average price of $21.50 per share, with a total value of $100,190.00. Following the completion of the purchase, the director now directly owns 17,660 shares of the company’s stock, valued at $379,690. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.00% of the stock is owned by insiders.
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Several brokerages have issued reports on CVBF. ValuEngine downgraded shares of CVB Financial Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Piper Jaffray Companies reissued a “hold” rating on shares of CVB Financial Corporation in a report on Friday, October 6th. Zacks Investment Research lowered shares of CVB Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Keefe, Bruyette & Woods set a $23.00 price objective on shares of CVB Financial Corporation and gave the company a “hold” rating in a report on Tuesday, July 4th. Finally, BidaskClub raised shares of CVB Financial Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. CVB Financial Corporation has a consensus rating of “Hold” and an average target price of $22.60.
CVB Financial Corporation Company Profile
CVB Financial Corp. (CVB) is the bank holding company for Citizens Business Bank (the Bank). The Bank operates through two segments: Business Financial and Commercial Banking Centers (Centers), and Other Operations. The Company’s administrative and other smaller operating departments are combined into the Other segment.
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