CVB Financial Corporation (CVBF) to Release Quarterly Earnings on Wednesday

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%.

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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.

Earnings History for CVB Financial Corporation (NASDAQ:CVBF)

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