CVB Financial Corp. (CVBF) Declares Quarterly Dividend of $0.10
CVB Financial Corp. (NASDAQ:CVBF) declared a quarterly dividend on Wednesday, September 18th, AnalystRatingsNetwork reports. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.10 per share on Thursday, October 17th. This represents a $0.40 dividend on an annualized basis and a yield of 2.97%.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of CVB Financial Corp. (NASDAQ:CVBF) from $13.00 to $14.00 in a research note to investors on Monday, July 22nd. They now have an “outperform” rating on the stock. On a related note, analysts at FIG Partners downgraded shares of CVB Financial Corp. (NASDAQ:CVBF) from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, July 22nd. They now have a $14.50 price target on the stock, up previously from $12.25. They noted that the move was a valuation call. Finally, analysts at Sandler O’Neill raised their price target on shares of CVB Financial Corp. (NASDAQ:CVBF) from $12.00 to $14.00 in a research note to investors on Friday, July 19th.
Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $13.57.
Shares of CVB Financial Corp. (NASDAQ:CVBF) traded down 0.30% during mid-day trading on Wednesday, hitting $13.48. The stock had a trading volume of 797,878 shares. CVB Financial Corp. has a one year low of $9.43 and a one year high of $13.76. The stock has a 50-day moving average of $13. and a 200-day moving average of $11.88. The company has a market cap of $1.415 billion and a price-to-earnings ratio of 18.29.
CVB Financial Corp. (NASDAQ:CVBF) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. During the same quarter in the previous year, the company posted $0.23 earnings per share. Analysts expect that CVB Financial Corp. will post $0.86 EPS for the current fiscal year.
CVB Financial Corp. (NASDAQ:CVBF) is a bank holding company of Citizens Business Bank (the Bank).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.