CVB Financial Corporation (NASDAQ:CVBF) will be issuing its quarterly earnings data after the market closes on Wednesday, July 19th. Analysts expect the company to announce earnings of $0.26 per share for the quarter.
CVB Financial Corporation (NASDAQ:CVBF) last announced its earnings results on Tuesday, April 25th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The business had revenue of $74.16 million for the quarter, compared to analysts’ expectations of $77.30 million. CVB Financial Corporation had a return on equity of 10.57% and a net margin of 35.09%. During the same period last year, the firm posted $0.22 earnings per share. On average, analysts expect CVB Financial Corporation to post $1.07 EPS for the current fiscal year and $1.15 EPS for the next fiscal year.
CVB Financial Corporation (CVBF) opened at 21.99 on Tuesday. The firm has a 50-day moving average price of $21.35 and a 200 day moving average price of $22.18. CVB Financial Corporation has a 12 month low of $15.82 and a 12 month high of $24.63. The stock has a market capitalization of $2.42 billion, a PE ratio of 22.44 and a beta of 1.52.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Thursday, July 6th will be issued a $0.14 dividend. The ex-dividend date is Monday, July 3rd. This is a positive change from CVB Financial Corporation’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.55%. CVB Financial Corporation’s dividend payout ratio is currently 57.73%.
In other news, EVP David A. Brager sold 2,000 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $22.13, for a total value of $44,260.00. Following the sale, the executive vice president now owns 43,013 shares in the company, valued at $951,877.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.80% of the stock is owned by corporate insiders.
CVBF has been the topic of a number of recent research reports. Zacks Investment Research upgraded CVB Financial Corporation from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Tuesday, March 21st. Keefe, Bruyette & Woods set a $23.00 target price on CVB Financial Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 4th. BidaskClub upgraded CVB Financial Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Hovde Group upgraded CVB Financial Corporation from an “underperform” rating to a “market perform” rating and set a $21.00 target price on the stock in a research note on Friday, May 19th. Finally, Piper Jaffray Companies lowered their target price on CVB Financial Corporation from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, April 17th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $21.67.
About CVB Financial Corporation
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.
Receive News & Ratings for CVB Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVB Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.