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.
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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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