Shares of CVB Financial Corporation (NASDAQ:CVBF) have been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $23.25.

Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of CVB Financial Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. Piper Jaffray Companies restated a “hold” rating and issued a $23.00 price objective on shares of CVB Financial Corporation in a research report on Friday, September 1st. BidaskClub cut shares of CVB Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. 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. Finally, ValuEngine cut shares of CVB Financial Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.

Shares of CVB Financial Corporation (NASDAQ:CVBF) opened at $22.92 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.69 and a quick ratio of 0.67. The firm has a market cap of $2,622.85, a PE ratio of 22.89, a price-to-earnings-growth ratio of 2.35 and a beta of 1.52. CVB Financial Corporation has a 1 year low of $16.90 and a 1 year high of $25.25.

CVB Financial Corporation (NASDAQ:CVBF) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. The firm 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 quarter last year, the company posted $0.23 EPS. equities research analysts forecast that CVB Financial Corporation will post 1.07 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Stockholders of record on Wednesday, October 4th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Tuesday, October 3rd. CVB Financial Corporation’s dividend payout ratio is 53.85%.

Several large investors have recently modified their holdings of CVBF. Strs Ohio grew its position 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 buying an additional 500 shares during the period. Cutler Capital Management LLC grew its position 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 buying an additional 558 shares during the period. Riverhead Capital Management LLC grew its position 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 buying an additional 2,291 shares during the period. D.A. Davidson & CO. grew its position 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 buying an additional 1,600 shares during the period. Finally, Gradient Investments LLC grew its position 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 buying an additional 600 shares during the period. Institutional investors own 67.29% of the company’s stock.

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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.

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