CVB Financial Corp. Rating Increased to Outperform at FIG Partners (CVBF)
CVB Financial Corp. (NASDAQ:CVBF) was upgraded by equities researchers at FIG Partners from a “market perform” rating to an “outperform” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $18.00 target price on the stock. FIG Partners’ price objective would suggest a potential upside of 17.57% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Evercore Partners downgraded shares of CVB Financial Corp. from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 7th. They now have a $17.50 price target on the stock, up previously from $16.00. Separately, analysts at Wunderlich raised their price target on shares of CVB Financial Corp. from $14.00 to $16.00 in a research note on Wednesday, December 4th. They now have a “hold” rating on the stock. Finally, analysts at Zacks downgraded shares of CVB Financial Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, November 26th. They now have a $16.90 price target on the stock. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.68.
Shares of CVB Financial Corp. (NASDAQ:CVBF) opened at 15.31 on Wednesday. CVB Financial Corp. has a 1-year low of $10.29 and a 1-year high of $17.48. The stock has a 50-day moving average of $15.83 and a 200-day moving average of $14.77. The company has a market cap of $1.613 billion and a price-to-earnings ratio of 16.57.
CVB Financial Corp. (NASDAQ:CVBF) last announced its earnings results on Wednesday, January 22nd. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.02. During the same quarter in the prior year, the company posted $0.21 earnings per share. On average, analysts predict that CVB Financial Corp. will post $0.92 earnings per share for the current fiscal year.
CVB Financial Corp. (NASDAQ:CVBF) is a bank holding company of Citizens Business Bank (the Bank).
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