CVB Financial Corp. (NASDAQ:CVBF – Get Free Report) has earned a consensus rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $21.80.
Several analysts have issued reports on CVBF shares. Keefe, Bruyette & Woods boosted their target price on CVB Financial from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Piper Sandler lowered their target price on CVB Financial from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Finally, Wedbush restated a “neutral” rating and issued a $20.00 target price on shares of CVB Financial in a research note on Thursday, October 24th.
Read Our Latest Research Report on CVBF
Institutional Trading of CVB Financial
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Natixis Advisors LLC grew its position in CVB Financial by 2.1% during the third quarter. Natixis Advisors LLC now owns 26,583 shares of the financial services provider’s stock worth $474,000 after buying an additional 545 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in CVB Financial by 5.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,538 shares of the financial services provider’s stock worth $250,000 after buying an additional 748 shares in the last quarter. GAMMA Investing LLC grew its position in CVB Financial by 21.7% during the third quarter. GAMMA Investing LLC now owns 4,367 shares of the financial services provider’s stock worth $78,000 after buying an additional 780 shares in the last quarter. AlphaMark Advisors LLC grew its position in CVB Financial by 4.7% during the third quarter. AlphaMark Advisors LLC now owns 19,179 shares of the financial services provider’s stock worth $342,000 after buying an additional 859 shares in the last quarter. Finally, Diversified Trust Co grew its position in CVB Financial by 3.5% during the third quarter. Diversified Trust Co now owns 44,271 shares of the financial services provider’s stock worth $789,000 after buying an additional 1,491 shares in the last quarter. 74.18% of the stock is currently owned by institutional investors.
CVB Financial Stock Performance
Shares of CVB Financial stock opened at $20.53 on Friday. CVB Financial has a 52 week low of $15.71 and a 52 week high of $24.58. The stock has a 50 day moving average price of $22.20 and a two-hundred day moving average price of $19.67. The stock has a market capitalization of $2.87 billion, a PE ratio of 14.36 and a beta of 0.50.
CVB Financial (NASDAQ:CVBF – Get Free Report) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The company had revenue of $126.45 million for the quarter, compared to analysts’ expectations of $126.75 million. CVB Financial had a return on equity of 9.80% and a net margin of 28.29%. CVB Financial’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Research analysts forecast that CVB Financial will post 1.43 EPS for the current year.
CVB Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.90%. CVB Financial’s payout ratio is 55.94%.
About CVB Financial
(Get Free Report
CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. It offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers.
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