Keefe, Bruyette & Woods Lowers CVB Financial Corp. Price Target to $17.00 (CVBF)
Analysts at Keefe, Bruyette & Woods decreased their price target on shares of CVB Financial Corp. (NASDAQ:CVBF) from $18.00 to $17.00 in a research report issued to clients and investors on Tuesday. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 10.89% from the company’s current price.
Shares of CVB Financial Corp. (NASDAQ:CVBF) traded up 0.46% on Tuesday, hitting $15.41. The stock had a trading volume of 36,025 shares. CVB Financial Corp. has a 52 week low of $12.57 and a 52 week high of $17.48. The stock has a 50-day moving average of $15.82 and a 200-day moving average of $15.40. The company has a market cap of $1.630 billion and a P/E ratio of 15.65.
CVB Financial Corp. (NASDAQ:CVBF) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.03. During the same quarter last year, the company posted $0.23 earnings per share. Analysts expect that CVB Financial Corp. will post $0.95 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CVBF. Analysts at Zacks downgraded shares of CVB Financial Corp. from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 16th. They now have a $17.80 price target on the stock. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $16.76.
CVB Financial Corp. (NASDAQ:CVBF) is a bank holding company of Citizens Business Bank (the Bank).
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