CVB Financial Corp. (NASDAQ:CVBF) – Equities researchers at FIG Partners boosted their FY2018 EPS estimates for shares of CVB Financial in a research note issued to investors on Monday. FIG Partners analyst T. Coffey now forecasts that the financial services provider will post earnings of $1.30 per share for the year, up from their prior forecast of $1.29. FIG Partners also issued estimates for CVB Financial’s Q4 2018 earnings at $0.33 EPS, Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.35 EPS and Q3 2019 earnings at $0.36 EPS.
CVB Financial (NASDAQ:CVBF) last issued its quarterly earnings data 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. CVB Financial had a net margin of 31.70% and a return on equity of 11.06%. The firm had revenue of $83.86 million for the quarter, compared to analysts’ expectations of $82.00 million. During the same period in the prior year, the firm earned $0.25 earnings per share.
CVB Financial (CVBF) traded up $0.12 on Thursday, hitting $23.52. 132,015 shares of the stock traded hands, compared to its average volume of 386,083. CVB Financial has a twelve month low of $19.58 and a twelve month 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. The company has a market capitalization of $2,580.00, a PE ratio of 21.92, a P/E/G ratio of 1.98 and a beta of 1.50.
Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in CVB Financial by 3.9% in the second quarter. Vanguard Group Inc. now owns 9,771,495 shares of the financial services provider’s stock valued at $219,175,000 after purchasing an additional 365,996 shares in the last quarter. Walthausen & Co. LLC bought a new position in shares of CVB Financial in the 3rd quarter valued at about $7,099,000. Goldman Sachs Group Inc. grew its position in shares of CVB Financial by 7.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,778,792 shares of the financial services provider’s stock valued at $84,759,000 after acquiring an additional 274,617 shares during the period. New York State Common Retirement Fund grew its position in shares of CVB Financial by 78.0% in the 3rd quarter. New York State Common Retirement Fund now owns 194,700 shares of the financial services provider’s stock valued at $4,706,000 after acquiring an additional 85,300 shares during the period. Finally, Northern Trust Corp grew its position in shares of CVB Financial by 3.3% in the 2nd quarter. Northern Trust Corp now owns 2,361,525 shares of the financial services provider’s stock valued at $52,969,000 after acquiring an additional 76,345 shares during the period. Institutional investors and hedge funds own 69.35% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 22nd. Investors of record on Friday, January 5th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, January 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.38%. CVB Financial’s payout ratio is 52.34%.
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.
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