Somewhat Positive Media Coverage Somewhat Unlikely to Impact CVB Financial (NASDAQ:CVBF) Share Price

Press coverage about CVB Financial (NASDAQ:CVBF) has been trending somewhat positive on Saturday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CVB Financial earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.1143124178446 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of CVB Financial from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. ValuEngine downgraded shares of CVB Financial from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Piper Jaffray Companies reaffirmed a “hold” rating on shares of CVB Financial in a report on Friday, October 6th. BidaskClub downgraded shares of CVB Financial from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Sandler O’Neill reissued a “hold” rating and set a $24.00 price objective on shares of CVB Financial in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.17.

Shares of CVB Financial (CVBF) traded down $0.03 during midday trading on Friday, hitting $24.30. 480,898 shares of the stock traded hands, compared to its average volume of 357,784. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market cap of $2,680.11, a PE ratio of 23.37, a price-to-earnings-growth ratio of 2.10 and a beta of 1.50. CVB Financial has a 52-week low of $19.58 and a 52-week high of $25.49.

CVB Financial (NASDAQ:CVBF) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.27. The company had revenue of $81.78 million for the quarter, compared to analyst estimates 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 company posted $0.23 EPS. equities analysts forecast that CVB Financial will post 1.06 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 22nd. Shareholders of record on Friday, January 5th will be paid a $0.14 dividend. The ex-dividend date is Thursday, January 4th. This represents a $0.56 dividend on an annualized basis and a yield of 2.30%. CVB Financial’s dividend payout ratio is currently 53.85%.

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About CVB Financial

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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