CVB Financial Corp. Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:CVBF)
Shares of CVB Financial Corp. (NASDAQ:CVBF) have earned a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, Analyst Ratings Net reports. Six analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $15.79.
CVB Financial Corp. (NASDAQ:CVBF) traded down 0.83% during mid-day trading on Thursday, hitting $15.48. The stock had a trading volume of 61,900 shares. CVB Financial Corp. has a 52-week low of $12.46 and a 52-week high of $17.48. The stock has a 50-day moving average of $15.69 and a 200-day moving average of $15.48. The company has a market cap of $1.639 billion and a price-to-earnings ratio of 16.09.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 17th. Investors of record on Wednesday, July 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 2.56%. The ex-dividend date of this dividend is Monday, June 30th.
CVBF has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of CVB Financial Corp. from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $17.80 price target on the stock.
CVB Financial Corp. (NASDAQ:CVBF) is a bank holding company of Citizens Business Bank (the Bank).
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