CVB Financial Corporation (CVBF) Set to Announce Earnings on Wednesday

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.

Earnings History for CVB Financial Corporation (NASDAQ:CVBF)

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