CVB Financial Corporation (NASDAQ:CVBF) – Equities researchers at DA Davidson issued their Q1 2018 EPS estimates for CVB Financial Corporation in a note issued to investors on Thursday. DA Davidson analyst G. Tenner forecasts that the financial services provider will post earnings per share of $0.27 for the quarter. DA Davidson also issued estimates for CVB Financial Corporation’s Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.29 EPS and Q4 2018 earnings at $0.30 EPS.

CVB Financial Corporation (NASDAQ:CVBF) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $81.78 million during the quarter, compared to analysts’ expectations of $81.78 million. CVB Financial Corporation had a net margin of 35.60% and a return on equity of 10.89%. During the same period last year, the company posted $0.23 earnings per share.

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CVBF has been the subject of several other reports. Zacks Investment Research lowered CVB Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. ValuEngine upgraded CVB Financial Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Piper Jaffray Companies reiterated a “hold” rating on shares of CVB Financial Corporation in a research report on Friday, October 6th. BidaskClub upgraded CVB Financial Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Keefe, Bruyette & Woods set a $23.00 price objective on CVB Financial Corporation and gave the company a “hold” rating in a research report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. CVB Financial Corporation presently has a consensus rating of “Hold” and an average target price of $22.60.

Shares of CVB Financial Corporation (NASDAQ CVBF) opened at 24.03 on Monday. The company’s 50 day moving average is $22.58 and its 200 day moving average is $21.72. CVB Financial Corporation has a 12-month low of $16.32 and a 12-month high of $25.25. The firm has a market capitalization of $2.65 billion, a PE ratio of 23.89 and a beta of 1.57.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Investors of record on Wednesday, October 4th were given a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, October 3rd. This represents a $0.56 annualized dividend and a dividend yield of 2.33%. CVB Financial Corporation’s dividend payout ratio is presently 53.85%.

In other news, Director Anna Kan purchased 4,660 shares of CVB Financial Corporation stock in a transaction on Thursday, August 3rd. The stock was purchased at an average price of $21.50 per share, with a total value of $100,190.00. Following the transaction, the director now directly owns 17,660 shares in the company, valued at approximately $379,690. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.00% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Strs Ohio boosted its position in CVB Financial Corporation by 12.5% during the 2nd quarter. Strs Ohio now owns 4,500 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 500 shares during the last quarter. Cutler Capital Management LLC boosted its position in CVB Financial Corporation by 10.3% during the 2nd quarter. Cutler Capital Management LLC now owns 6,000 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 558 shares during the last quarter. Riverhead Capital Management LLC boosted its position in CVB Financial Corporation by 54.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,491 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 2,291 shares during the last quarter. D.A. Davidson & CO. boosted its position in CVB Financial Corporation by 29.3% during the 2nd quarter. D.A. Davidson & CO. now owns 7,056 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Gradient Investments LLC boosted its position in CVB Financial Corporation by 9.0% during the 2nd quarter. Gradient Investments LLC now owns 7,302 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 600 shares during the last quarter. 67.33% of the stock is owned by hedge funds and other institutional investors.

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.

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

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