Equities analysts predict that CVB Financial Corporation (NASDAQ:CVBF) will report sales of $81.78 million for the current quarter, according to Zacks. Four analysts have provided estimates for CVB Financial Corporation’s earnings. The highest sales estimate is $84.20 million and the lowest is $80.40 million. CVB Financial Corporation reported sales of $72.34 million during the same quarter last year, which would suggest a positive year over year growth rate of 13%. The firm is scheduled to issue its next earnings results on Wednesday, October 18th.

According to Zacks, analysts expect that CVB Financial Corporation will report full year sales of $81.78 million for the current year, with estimates ranging from $316.90 million to $326.40 million. For the next financial year, analysts expect that the business will report sales of $346.25 million per share, with estimates ranging from $338.10 million to $356.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover CVB Financial Corporation.

CVB Financial Corporation (NASDAQ:CVBF) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.26 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.26. CVB Financial Corporation had a return on equity of 10.67% and a net margin of 35.33%. The business had revenue of $81.26 million during the quarter, compared to the consensus estimate of $80.10 million. During the same period in the previous year, the company posted $0.23 earnings per share.

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $23.00 target price on shares of CVB Financial Corporation in a research note on Friday, August 4th. Zacks Investment Research upgraded CVB Financial Corporation from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Monday, July 24th. BidaskClub lowered CVB Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Wedbush reiterated a “neutral” rating and issued a $22.00 target price on shares of CVB Financial Corporation in a research note on Tuesday, June 27th. Finally, Piper Jaffray Companies lowered their target price on CVB Financial Corporation from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, April 17th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. CVB Financial Corporation currently has an average rating of “Hold” and a consensus price target of $21.50.

CVB Financial Corporation (CVBF) opened at 20.62 on Friday. The firm has a market capitalization of $2.27 billion, a P/E ratio of 20.50 and a beta of 1.51. The stock’s 50 day moving average price is $21.90 and its 200-day moving average price is $22.01. CVB Financial Corporation has a 12 month low of $16.32 and a 12 month high of $24.63.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Stockholders of record on Thursday, July 6th were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, July 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.72%. This is a positive change from CVB Financial Corporation’s previous quarterly dividend of $0.12. CVB Financial Corporation’s dividend payout ratio (DPR) is 56.00%.

In other CVB Financial Corporation news, Director Anna Kan acquired 4,660 shares of the stock in a transaction on Thursday, August 3rd. The stock was purchased at an average price of $21.50 per share, for a total transaction of $100,190.00. Following the purchase, the director now directly owns 17,660 shares in the company, valued at $379,690. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.80% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Strs Ohio raised its stake in shares of CVB Financial Corporation by 12.5% in the second quarter. Strs Ohio now owns 4,500 shares of the financial services provider’s stock worth $100,000 after buying an additional 500 shares during the period. Cutler Capital Management LLC acquired a new stake in shares of CVB Financial Corporation during the first quarter worth $120,000. Riverhead Capital Management LLC raised its stake in shares of CVB Financial Corporation by 54.5% in the second quarter. Riverhead Capital Management LLC now owns 6,491 shares of the financial services provider’s stock worth $146,000 after buying an additional 2,291 shares during the period. D.A. Davidson & CO. raised its stake in shares of CVB Financial Corporation by 29.3% in the second quarter. D.A. Davidson & CO. now owns 7,056 shares of the financial services provider’s stock worth $158,000 after buying an additional 1,600 shares during the period. Finally, Gradient Investments LLC raised its stake in shares of CVB Financial Corporation by 9.0% in the second quarter. Gradient Investments LLC now owns 7,302 shares of the financial services provider’s stock worth $164,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 67.79% of the company’s stock.

WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/08/13/analysts-anticipate-cvb-financial-corporation-cvbf-will-announce-quarterly-sales-of-81-78-million.html.

CVB Financial Corporation Company Profile

CVB Financial Corp. (CVB) is the bank holding company for Citizens Business Bank (the Bank). The Bank operates through two segments: Business Financial and Commercial Banking Centers (Centers), and Other Operations. The Company’s administrative and other smaller operating departments are combined into the Other segment.

Get a free copy of the Zacks research report on CVB Financial Corporation (CVBF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for CVB Financial Corporation (NASDAQ:CVBF)

Receive News & Ratings for CVB Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVB Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.