CVB Financial Corp. (CVBF) Expected to Post Earnings of $0.31 Per Share

Wall Street analysts predict that CVB Financial Corp. (NASDAQ:CVBF) will post earnings of $0.31 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for CVB Financial’s earnings. The highest EPS estimate is $0.31 and the lowest is $0.30. CVB Financial reported earnings of $0.26 per share in the same quarter last year, which would indicate a positive year over year growth rate of 19.2%. The firm is scheduled to report its next quarterly earnings results on Tuesday, April 24th.

On average, analysts expect that CVB Financial will report full-year earnings of $1.27 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.30. For the next financial year, analysts forecast that the company will post earnings of $1.33 per share, with EPS estimates ranging from $1.27 to $1.42. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover CVB Financial.

CVB Financial (NASDAQ:CVBF) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analyst estimates of $82.00 million. During the same quarter last year, the business earned $0.25 earnings per share.

A number of equities analysts have weighed in on the stock. Sandler O’Neill reiterated a “hold” rating and issued a $24.00 price target on shares of CVB Financial in a report on Thursday, January 4th. Zacks Investment Research lowered shares of CVB Financial from a “buy” rating to a “hold” rating in a report on Monday, December 4th. ValuEngine lowered shares of CVB Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, BidaskClub lowered shares of CVB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. CVB Financial presently has a consensus rating of “Hold” and a consensus target price of $23.17.

Institutional investors and hedge funds have recently made changes to their positions in the business. Gradient Investments LLC purchased a new position in shares of CVB Financial in the 4th quarter valued at $172,000. CIBC Asset Management Inc purchased a new position in shares of CVB Financial in the 3rd quarter valued at $205,000. Teacher Retirement System of Texas purchased a new position in shares of CVB Financial in the 3rd quarter valued at $207,000. Investment House LLC purchased a new position in shares of CVB Financial in the 3rd quarter valued at $208,000. Finally, Trilogy Capital Inc. purchased a new position in shares of CVB Financial in the 4th quarter valued at $210,000. Institutional investors own 69.21% of the company’s stock.

Shares of CVB Financial (NASDAQ CVBF) opened at $21.97 on Friday. CVB Financial has a 1 year low of $19.58 and a 1 year high of $25.49. The stock has a market cap of $2,482.47, a P/E ratio of 23.13, a P/E/G ratio of 1.86 and a beta of 1.43. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 0.69.

The business also recently declared a quarterly dividend, which was paid on Monday, January 22nd. Shareholders of record on Friday, January 5th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.55%. CVB Financial’s dividend payout ratio (DPR) is presently 58.95%.

TRADEMARK VIOLATION NOTICE: “CVB Financial Corp. (CVBF) Expected to Post Earnings of $0.31 Per Share” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/09/cvb-financial-corp-cvbf-expected-to-post-earnings-of-0-31-per-share.html.

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.

Get a free copy of the Zacks research report on CVB Financial (CVBF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for CVB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVB Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply