CVB Financial (CVBF) Scheduled to Post Earnings on Tuesday

CVB Financial (NASDAQ:CVBF) is set to release its earnings data after the market closes on Tuesday, January 16th. Analysts expect CVB Financial to post earnings of $0.27 per share for the quarter.

CVB Financial (NASDAQ:CVBF) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. CVB Financial had a return on equity of 10.89% and a net margin of 35.60%. The firm had revenue of $81.78 million for the quarter, compared to the consensus estimate of $81.78 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. On average, analysts expect CVB Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CVB Financial (NASDAQ CVBF) opened at $24.30 on Friday. The company has a market capitalization 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. 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 business also recently declared a quarterly dividend, which will be paid on Monday, January 22nd. Stockholders of record on Friday, January 5th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, January 4th. This represents a $0.56 annualized dividend and a dividend yield of 2.30%. CVB Financial’s dividend payout ratio (DPR) is presently 53.85%.

Several analysts have recently issued reports on CVBF shares. Zacks Investment Research upgraded CVB Financial from a “sell” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Tuesday, January 2nd. ValuEngine upgraded CVB Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Piper Jaffray Companies reiterated a “hold” rating on shares of CVB Financial in a research note on Friday, October 6th. Sandler O’Neill reiterated a “hold” rating and set a $24.00 price target on shares of CVB Financial in a research note on Thursday, January 4th. Finally, BidaskClub downgraded CVB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.17.

COPYRIGHT VIOLATION NOTICE: This report was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/01/14/cvb-financial-cvbf-scheduled-to-post-earnings-on-tuesday.html.

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.

Earnings History for CVB Financial (NASDAQ:CVBF)

Receive News & Ratings for CVB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVB Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply