CVB Financial Corporation (NASDAQ:CVBF) – Investment analysts at FIG Partners lifted their Q1 2018 earnings per share estimates for CVB Financial Corporation in a research report issued to clients and investors on Thursday. FIG Partners analyst T. Coffey now forecasts that the financial services provider will post earnings of $0.29 per share for the quarter, up from their previous forecast of $0.28. FIG Partners also issued estimates for CVB Financial Corporation’s FY2018 earnings at $1.17 EPS, Q1 2019 earnings at $0.32 EPS and FY2019 earnings at $1.30 EPS.

CVBF has been the subject of a number of other reports. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $23.00 price target on shares of CVB Financial Corporation in a research note on Friday, September 1st. Zacks Investment Research cut CVB Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. BidaskClub cut CVB Financial Corporation from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $23.00 price target on shares of CVB Financial Corporation in a research note on Friday, August 4th. Finally, ValuEngine raised CVB Financial Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. CVB Financial Corporation currently has an average rating of “Hold” and an average price target of $22.60.

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CVB Financial Corporation (NASDAQ:CVBF) opened at 24.03 on Monday. The firm has a 50 day moving average of $22.58 and a 200 day moving average of $21.72. CVB Financial Corporation has a one year low of $16.32 and a one year 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.

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

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

In related news, Director Anna Kan purchased 4,660 shares of the stock in a transaction dated Thursday, August 3rd. The stock was bought at an average cost of $21.50 per share, with a total value of $100,190.00. Following the purchase, the director now directly owns 17,660 shares in the company, valued at approximately $379,690. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Bank of Montreal Can increased its stake in shares of CVB Financial Corporation by 1.0% in the 2nd quarter. Bank of Montreal Can now owns 8,246 shares of the financial services provider’s stock valued at $185,000 after acquiring an additional 85 shares during the last quarter. Gamble Jones Investment Counsel grew its position in shares of CVB Financial Corporation by 0.6% in the 2nd quarter. Gamble Jones Investment Counsel now owns 53,660 shares of the financial services provider’s stock valued at $1,204,000 after purchasing an additional 300 shares during the period. Aperio Group LLC grew its position in shares of CVB Financial Corporation by 1.1% in the 2nd quarter. Aperio Group LLC now owns 28,853 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 328 shares during the period. Municipal Employees Retirement System of Michigan grew its position in shares of CVB Financial Corporation by 1.8% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 22,980 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 410 shares during the period. Finally, Amalgamated Bank grew its position in shares of CVB Financial Corporation by 3.2% in the 2nd quarter. Amalgamated Bank now owns 14,125 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 438 shares during the period. 67.33% of the stock is owned by 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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