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

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CVB Financial Corp. (NASDAQ:CVBF) has been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $24.63.

CVBF has been the subject of several analyst reports. BidaskClub downgraded CVB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 25th. Wedbush reissued a “neutral” rating on shares of CVB Financial in a research note on Monday, July 16th. Zacks Investment Research raised CVB Financial from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Tuesday, September 18th. Finally, Hovde Group set a $25.00 price objective on CVB Financial and gave the stock a “hold” rating in a research note on Monday, July 23rd.

Shares of CVB Financial stock traded up $0.34 on Thursday, hitting $22.19. The company had a trading volume of 539,797 shares, compared to its average volume of 498,120. The company has a market cap of $2.43 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.82 and a beta of 1.38. CVB Financial has a 1 year low of $19.50 and a 1 year high of $25.49. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.01.

CVB Financial (NASDAQ:CVBF) last issued its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $103.43 million during the quarter, compared to analysts’ expectations of $102.47 million. CVB Financial had a return on equity of 11.11% and a net margin of 34.92%. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share. As a group, research analysts anticipate that CVB Financial will post 1.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 18th. Stockholders of record on Wednesday, October 3rd were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Tuesday, October 2nd. CVB Financial’s dividend payout ratio (DPR) is presently 52.34%.

Several institutional investors have recently modified their holdings of CVBF. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of CVB Financial during the third quarter valued at approximately $118,000. GSA Capital Partners LLP purchased a new stake in shares of CVB Financial during the second quarter valued at approximately $204,000. Verition Fund Management LLC purchased a new stake in shares of CVB Financial during the first quarter valued at approximately $216,000. OppenheimerFunds Inc. purchased a new stake in shares of CVB Financial during the second quarter valued at approximately $217,000. Finally, TradeLink Capital LLC purchased a new stake in shares of CVB Financial during the second quarter valued at approximately $224,000. 70.05% of the stock is owned by hedge funds and other institutional investors.

CVB Financial Company Profile

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank that provides banking, lending, and investment services. It operates in two segments, Banking Centers; and Dairy & Livestock and Agribusiness. The company offers checking, savings, and money market accounts, as well as time certificates of deposit; and serves as a federal tax depository for business customers.

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Analyst Recommendations for CVB Financial (NASDAQ:CVBF)

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