CVB Financial (NASDAQ:CVBF – Get Free Report)‘s stock had its “equal weight” rating reiterated by analysts at Stephens in a research note issued to investors on Thursday,Benzinga reports. They currently have a $25.00 price target on the financial services provider’s stock. Stephens’ price objective suggests a potential upside of 20.83% from the stock’s current price.
A number of other brokerages have also issued reports on CVBF. Keefe, Bruyette & Woods upped their price target on shares of CVB Financial from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Wedbush reissued a “neutral” rating and set a $20.00 target price on shares of CVB Financial in a research note on Thursday, October 24th. Finally, Piper Sandler reduced their price objective on shares of CVB Financial from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.60.
Check Out Our Latest Research Report on CVB Financial
CVB Financial Trading Up 0.1 %
Shares of CVBF stock opened at $20.69 on Thursday. CVB Financial has a twelve month low of $15.71 and a twelve month high of $24.58. The stock has a fifty day simple moving average of $22.02 and a two-hundred day simple moving average of $19.74. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 14.37 and a beta of 0.50.
CVB Financial (NASDAQ:CVBF – Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. CVB Financial had a return on equity of 9.41% and a net margin of 29.32%. Research analysts predict that CVB Financial will post 1.4 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in CVBF. Natixis Advisors LLC lifted its holdings in shares of CVB Financial by 2.1% in the 3rd quarter. Natixis Advisors LLC now owns 26,583 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 545 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings 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 purchasing an additional 748 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of CVB Financial by 21.7% in the third quarter. GAMMA Investing LLC now owns 4,367 shares of the financial services provider’s stock valued at $78,000 after buying an additional 780 shares in the last quarter. AlphaMark Advisors LLC boosted its position in shares of CVB Financial by 4.7% during the 3rd quarter. AlphaMark Advisors LLC now owns 19,179 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 859 shares in the last quarter. Finally, Blue Trust Inc. grew its position in CVB Financial by 17.7% during the fourth quarter. Blue Trust Inc. now owns 6,108 shares of the financial services provider’s stock worth $131,000 after buying an additional 918 shares during the period. Hedge funds and other institutional investors own 74.18% of the company’s stock.
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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