Q1 2018 EPS Estimates for CVB Financial Corp. (CVBF) Increased by Analyst

CVB Financial Corp. (NASDAQ:CVBF) – Stock analysts at DA Davidson raised their Q1 2018 earnings per share (EPS) estimates for CVB Financial in a research note issued to investors on Friday. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings of $0.31 per share for the quarter, up from their prior estimate of $0.28. DA Davidson also issued estimates for CVB Financial’s Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $1.28 EPS and FY2019 earnings at $1.34 EPS.

Several other analysts have also commented on CVBF. ValuEngine lowered shares of CVB Financial from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Piper Jaffray Companies reaffirmed a “hold” rating on shares of CVB Financial in a research report on Friday, October 6th. Zacks Investment Research lowered shares of CVB Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Sandler O’Neill reaffirmed a “hold” rating and set a $24.00 price target on shares of CVB Financial in a research report on Thursday, January 4th. Finally, BidaskClub lowered shares of CVB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $23.17.

Shares of CVB Financial (NASDAQ:CVBF) opened at $23.72 on Monday. The company has a market cap of $2,603.00, a P/E ratio of 24.97, a PEG ratio of 2.04 and a beta of 1.50. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.02. CVB Financial has a 12-month low of $19.58 and a 12-month high of $25.49.

CVB Financial (NASDAQ:CVBF) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The business had revenue of $83.86 million for the quarter, compared to analysts’ expectations of $82.00 million. CVB Financial had a return on equity of 11.06% and a net margin of 31.70%. During the same period in the previous year, the firm posted $0.25 EPS.

Several hedge funds have recently added to or reduced their stakes in CVBF. 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 buying an additional 10,880 shares during the period. Riverhead Capital Management LLC raised its position in CVB Financial 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 purchasing an additional 2,291 shares during the period. Ameriprise Financial Inc. raised its position in CVB Financial by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 550,986 shares of the financial services provider’s stock valued at $12,358,000 after purchasing an additional 6,849 shares during the period. Nationwide Fund Advisors raised its position in CVB Financial by 9.3% in the second quarter. Nationwide Fund Advisors now owns 99,406 shares of the financial services provider’s stock valued at $2,230,000 after purchasing an additional 8,461 shares during the period. Finally, Amalgamated Bank raised its position in CVB Financial by 3.2% in the second quarter. Amalgamated Bank now owns 14,125 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 438 shares during the period. 69.33% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently declared a quarterly dividend, which was paid on Monday, January 22nd. Stockholders 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 2.36%. The ex-dividend date was Thursday, January 4th. CVB Financial’s payout ratio is presently 58.95%.

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CVB Financial 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.

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

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