CVB Financial Corp. Reaches New 12-Month High at $13.77 (CVBF)
Shares of CVB Financial Corp. (NASDAQ:CVBF) hit a new 52-week high during mid-day trading on Wednesday, StockRatingsNetwork reports. The stock traded as high as $13.77 and last traded at $13.46, with a volume of 754,129 shares trading hands. The stock had previously closed at $13.52.
CVBF has been the subject of a number of recent research reports. 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. Separately, 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $13.57.
CVB Financial Corp. has a 52 week low of $9.43 and a 52 week high of $13.77. The stock’s 50-day moving average is $13.20 and its 200-day moving average is $11.91. The company has a market cap of $1.415 billion and a P/E ratio of 18.29.
CVB Financial Corp. (NASDAQ:CVBF) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.02. During the same quarter last year, the company posted $0.23 earnings per share. On average, analysts predict that CVB Financial Corp. will post $0.86 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 17th. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.97%.
CVB Financial Corp. (NASDAQ:CVBF) is a bank holding company of Citizens Business Bank (the Bank).
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