CVB Financial Corp. (CVBF) Given Average Rating of “Hold” by Analysts

Shares of CVB Financial Corp. (NASDAQ:CVBF) have been given an average recommendation of “Hold” by the eight brokerages that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $23.20.

Several research analysts have issued reports on the company. BidaskClub raised CVB Financial from a “sell” rating to a “hold” rating in a report on Friday. ValuEngine raised CVB Financial from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Sandler O’Neill reaffirmed a “hold” rating and set a $24.00 price objective on shares of CVB Financial in a report on Thursday, January 4th. Zacks Investment Research raised CVB Financial from a “sell” rating to a “hold” rating and set a $27.00 price objective on the stock in a report on Monday, October 23rd. Finally, Piper Jaffray Companies reaffirmed a “hold” rating on shares of CVB Financial in a report on Friday, October 6th.

CVB Financial (NASDAQ CVBF) opened at $24.55 on Tuesday. CVB Financial has a 1-year low of $19.58 and a 1-year high of $25.49. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $2,690.00, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 2.11 and a beta of 1.50.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 22nd. Shareholders of record on Friday, January 5th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Thursday, January 4th. CVB Financial’s payout ratio is 53.85%.

Several institutional investors have recently modified their holdings of CVBF. Schwab Charles Investment Management Inc. raised its position in shares of CVB Financial by 2.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 517,790 shares of the financial services provider’s stock valued at $11,615,000 after acquiring an additional 13,862 shares during the last quarter. Swiss National Bank raised its position in shares of CVB Financial by 2.4% during the 2nd quarter. Swiss National Bank now owns 172,600 shares of the financial services provider’s stock valued at $3,871,000 after acquiring an additional 4,000 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of CVB Financial by 9.0% during the 2nd quarter. Wells Fargo & Company MN now owns 131,133 shares of the financial services provider’s stock valued at $2,941,000 after acquiring an additional 10,880 shares during the last quarter. Riverhead Capital Management LLC raised its position in shares of CVB Financial by 54.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,491 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 2,291 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of CVB Financial by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 550,986 shares of the financial services provider’s stock valued at $12,358,000 after acquiring an additional 6,849 shares during the last quarter. Institutional investors own 69.33% of the company’s stock.

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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.

Analyst Recommendations for CVB Financial (NASDAQ:CVBF)

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