Equities research analysts expect CVB Financial Corp. (NASDAQ:CVBF) to report $82.00 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for CVB Financial’s earnings. The lowest sales estimate is $79.90 million and the highest is $83.10 million. CVB Financial reported sales of $74.16 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.6%. The firm is expected to issue its next earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that CVB Financial will report full-year sales of $82.00 million for the current fiscal year, with estimates ranging from $328.90 million to $345.90 million. For the next fiscal year, analysts anticipate that the company will post sales of $357.48 million per share, with estimates ranging from $338.20 million to $369.50 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover CVB Financial.
CVB Financial (NASDAQ:CVBF) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. CVB Financial had a return on equity of 11.06% and a net margin of 31.70%. The firm had revenue of $83.86 million for the quarter, compared to analyst estimates of $82.00 million. During the same quarter last year, the company posted $0.25 earnings per share.
A number of equities analysts recently issued reports on the company. BidaskClub raised CVB Financial from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Investment Research lowered CVB Financial from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine lowered CVB Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Sandler O’Neill reissued a “hold” rating and set a $24.00 price target on shares of CVB Financial in a report on Thursday, January 4th. Eight analysts have rated the stock with a hold rating, CVB Financial presently has an average rating of “Hold” and an average target price of $23.17.
Institutional investors and hedge funds have recently made changes to their positions in the business. Gradient Investments LLC purchased a new stake in CVB Financial in the 4th quarter valued at approximately $172,000. CIBC Asset Management Inc purchased a new stake in CVB Financial in the 3rd quarter valued at approximately $205,000. Virtu Financial LLC purchased a new stake in CVB Financial in the 4th quarter valued at approximately $201,000. Teacher Retirement System of Texas purchased a new stake in CVB Financial in the 3rd quarter valued at approximately $207,000. Finally, Investment House LLC purchased a new stake in CVB Financial in the 3rd quarter valued at approximately $208,000. 69.19% of the stock is currently owned by institutional investors.
CVB Financial (NASDAQ:CVBF) traded up $0.49 during midday trading on Friday, hitting $23.20. The company had a trading volume of 271,994 shares, compared to its average volume of 392,480. 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. The stock has a market capitalization of $2,500.00, a price-to-earnings ratio of 21.68, a P/E/G ratio of 1.87 and a beta of 1.43.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 22nd. Shareholders of record on Friday, January 5th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Thursday, January 4th. CVB Financial’s dividend payout ratio is presently 52.34%.
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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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