BidaskClub Lowers CVB Financial (CVBF) to Sell

CVB Financial (NASDAQ:CVBF) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of CVB Financial from a “sell” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, January 2nd. ValuEngine lowered shares of CVB Financial from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Piper Jaffray Companies reiterated a “hold” rating on shares of CVB Financial in a research report on Friday, October 6th. Finally, Sandler O’Neill reiterated a “hold” rating and set a $24.00 target price on shares of CVB Financial in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. CVB Financial currently has an average rating of “Hold” and a consensus target price of $23.17.

Shares of CVB Financial (NASDAQ:CVBF) traded down $0.03 during trading on Tuesday, hitting $24.30. 480,898 shares of the stock traded hands, compared to its average volume of 357,784. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 0.69. CVB Financial has a 1-year low of $19.58 and a 1-year high of $25.49. The firm has a market cap of $2,680.11, a price-to-earnings ratio of 23.37, a P/E/G ratio of 2.10 and a beta of 1.50.

CVB Financial (NASDAQ:CVBF) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. CVB Financial had a net margin of 35.60% and a return on equity of 10.89%. The business had revenue of $81.78 million for the quarter, compared to analyst estimates of $81.78 million. During the same period in the previous year, the business earned $0.23 EPS. sell-side analysts predict that CVB Financial will post 1.06 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in CVBF. Schwab Charles Investment Management Inc. lifted its holdings in CVB Financial by 2.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 517,790 shares of the financial services provider’s stock valued at $11,615,000 after purchasing an additional 13,862 shares during the last quarter. Legal & General Group Plc lifted its holdings in CVB Financial by 10.4% during the 2nd quarter. Legal & General Group Plc now owns 195,932 shares of the financial services provider’s stock valued at $4,395,000 after purchasing an additional 18,531 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in CVB Financial by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,384 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 1,107 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in CVB Financial by 2.5% during the 2nd quarter. Principal Financial Group Inc. now owns 798,079 shares of the financial services provider’s stock valued at $17,901,000 after purchasing an additional 19,537 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in CVB Financial by 2.4% during the 2nd quarter. Swiss National Bank now owns 172,600 shares of the financial services provider’s stock valued at $3,871,000 after purchasing an additional 4,000 shares during the last quarter. 69.36% of the stock is owned by hedge funds and other institutional investors.

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About CVB Financial

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.

Analyst Recommendations for CVB Financial (NASDAQ:CVBF)

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