CVB Financial (CVBF) Set to Announce Quarterly Earnings on Tuesday
CVB Financial (NASDAQ:CVBF) is set to announce its earnings results after the market closes on Tuesday, January 16th. Analysts expect the company to announce earnings of $0.27 per share for the quarter.
CVB Financial (NASDAQ:CVBF) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.27. The company had revenue of $81.78 million during the quarter, compared to analysts’ expectations of $81.78 million. CVB Financial had a net margin of 35.60% and a return on equity of 10.89%. During the same quarter in the previous year, the business posted $0.23 earnings per share. On average, analysts expect CVB Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of CVB Financial (NASDAQ:CVBF) opened at $23.45 on Tuesday. The stock has a market cap of $2,583.18, a PE ratio of 22.55, a PEG ratio of 2.11 and a beta of 1.50. CVB Financial has a 52-week low of $19.58 and a 52-week high of $25.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.69 and a quick ratio of 0.69.
A number of equities research analysts have recently issued reports on CVBF shares. Zacks Investment Research raised shares of CVB Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. ValuEngine raised shares of CVB Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Piper Jaffray Companies reaffirmed a “hold” rating on shares of CVB Financial in a research report on Friday, October 6th. Finally, Sandler O’Neill reaffirmed a “hold” rating and set a $24.00 price objective on shares of CVB Financial in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $23.17.
About CVB Financial
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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