CVB Financial Corporation (NASDAQ:CVBF) – Research analysts at Wedbush decreased their Q4 2018 earnings per share (EPS) estimates for CVB Financial Corporation in a research report issued on Monday. Wedbush analyst D. Chiaverini now anticipates that the financial services provider will earn $0.28 per share for the quarter, down from their prior forecast of $0.29. Wedbush has a “Neutral” rating and a $22.00 price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of CVB Financial Corporation from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Monday, July 24th. ValuEngine raised shares of CVB Financial Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Piper Jaffray Companies reissued a “hold” rating and issued a $23.00 price objective on shares of CVB Financial Corporation in a research report on Friday, September 1st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $23.00 price objective on shares of CVB Financial Corporation in a research report on Friday, August 4th. Finally, BidaskClub raised shares of CVB Financial Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $22.60.

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CVB Financial Corporation (NASDAQ CVBF) traded up 1.26% during trading on Tuesday, reaching $24.18. 134,901 shares of the company were exchanged. The stock has a market capitalization of $2.66 billion, a P/E ratio of 24.04 and a beta of 1.56. CVB Financial Corporation has a 1-year low of $16.32 and a 1-year high of $25.25. The company’s 50-day moving average price is $22.66 and its 200-day moving average price is $21.75.

CVB Financial Corporation (NASDAQ:CVBF) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 the consensus estimate of $81.78 million. During the same period in the prior year, the firm earned $0.23 earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Stockholders of record on Wednesday, October 4th were issued 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 2.35%. CVB Financial Corporation’s dividend payout ratio is currently 53.85%.

In other CVB Financial Corporation news, Director Anna Kan purchased 4,660 shares of CVB Financial Corporation stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average price of $21.50 per share, for a total transaction of $100,190.00. Following the acquisition, the director now owns 17,660 shares in the company, valued at approximately $379,690. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 7.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio raised its stake in shares of 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 in the last quarter. Cutler Capital Management LLC raised its stake in shares of 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 in the last quarter. Riverhead Capital Management LLC raised its stake in shares of 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 in the last quarter. D.A. Davidson & CO. raised its stake in shares of 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 in the last quarter. Finally, Gradient Investments LLC raised its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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.

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

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