CVB Financial Corporation (NASDAQ:CVBF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.

According to Zacks, “CVB Financial Corp. is a bank holding company. CVB’s principal business is to serve as a holding company for the Bank, Community, Ventures, and for other banking or banking related subsidiaries which the Company may establish or acquire. Through its network of banking offices, the Bank emphasizes personalized service combined with offering a full range of banking and trust services to businesses, professionals and individuals located in the service areas of its offices. “

A number of other equities research analysts also recently commented on the stock. Piper Jaffray Companies restated a “hold” rating on shares of CVB Financial Corporation in a research report on Friday, October 6th. ValuEngine downgraded shares of CVB Financial Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $23.00 price objective on shares of CVB Financial Corporation in a research report on Friday, August 4th. BidaskClub downgraded shares of CVB Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, Wedbush restated a “neutral” rating and issued a $22.00 price objective on shares of CVB Financial Corporation in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. CVB Financial Corporation has an average rating of “Hold” and an average target price of $22.60.

CVB Financial Corporation (NASDAQ CVBF) traded down 0.62% during trading on Monday, hitting $23.88. The company’s stock had a trading volume of 324,835 shares. CVB Financial Corporation has a one year low of $16.32 and a one year high of $25.25. The company has a 50-day moving average of $22.58 and a 200 day moving average of $21.72. The firm has a market cap of $2.63 billion, a PE ratio of 23.74 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 earnings per share 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 business had revenue of $81.78 million during the quarter, compared to the consensus estimate of $81.78 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. On average, equities analysts forecast that CVB Financial Corporation will post $1.06 earnings per share for the current year.

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In other news, Director Anna Kan acquired 4,660 shares of CVB Financial Corporation stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 17,660 shares in the company, valued at $379,690. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.00% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the business. Strs Ohio increased its holdings in CVB Financial Corporation by 12.5% in the second quarter. Strs Ohio now owns 4,500 shares of the financial services provider’s stock valued at $100,000 after buying an additional 500 shares in the last quarter. Cutler Capital Management LLC increased its holdings in CVB Financial Corporation by 10.3% in the second quarter. Cutler Capital Management LLC now owns 6,000 shares of the financial services provider’s stock valued at $134,000 after buying an additional 558 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in 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 valued at $146,000 after buying an additional 2,291 shares in the last quarter. D.A. Davidson & CO. increased its holdings in 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 valued at $158,000 after buying an additional 1,600 shares in the last quarter. Finally, Gradient Investments LLC increased its holdings in 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 valued at $164,000 after buying an additional 600 shares in the last quarter. 67.33% of the stock is owned by institutional investors.

About CVB Financial Corporation

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.

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