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.
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%.
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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.
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