Media coverage about CVB Financial (NASDAQ:CVBF) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CVB Financial earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.9660347180449 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern’s scoring:
CVB Financial (CVBF) traded up $0.29 during trading on Monday, reaching $24.82. 425,029 shares of the company’s stock traded hands, compared to its average volume of 378,606. The company has a market cap of $2,702.14, a PE ratio of 23.59, a P/E/G ratio of 2.43 and a beta of 1.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 0.69. CVB Financial has a 52-week low of $19.58 and a 52-week high of $25.49.
CVB Financial (NASDAQ:CVBF) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. The firm had revenue of $81.78 million for the quarter, compared to analysts’ expectations of $81.78 million. CVB Financial had a net margin of 35.60% and a return on equity of 10.89%. During the same period in the prior year, the firm earned $0.23 EPS. equities analysts forecast that CVB Financial will post 1.06 EPS for the current year.
A number of brokerages have recently issued reports on CVBF. Zacks Investment Research cut shares of CVB Financial from a “buy” rating to a “hold” rating in a report on Monday. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $23.00 target price on shares of CVB Financial in a report on Friday, September 1st. Finally, ValuEngine cut shares of CVB Financial from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.20.
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CVB Financial 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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