CVB Financial Corporation (NASDAQ:CVBF – Get Free Report) has been given an average rating of “Moderate Buy” by the five research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $25.75.
A number of equities research analysts recently issued reports on CVBF shares. Stephens lifted their target price on CVB Financial from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 28th. Raymond James Financial raised shares of CVB Financial from a “market perform” rating to an “outperform” rating and set a $25.00 price target for the company in a research note on Wednesday, July 1st. DA Davidson lifted their price objective on shares of CVB Financial from $22.50 to $25.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Piper Sandler increased their target price on shares of CVB Financial from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Finally, Weiss Ratings raised shares of CVB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th.
View Our Latest Research Report on CVB Financial
Insider Activity
Institutional Trading of CVB Financial
Several institutional investors and hedge funds have recently added to or reduced their stakes in CVBF. Dimensional Fund Advisors LP grew its position in shares of CVB Financial by 4.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,613,287 shares of the financial services provider’s stock valued at $147,620,000 after acquiring an additional 331,307 shares during the period. Charles Schwab Investment Management Inc. increased its position in CVB Financial by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,488,821 shares of the financial services provider’s stock worth $102,092,000 after buying an additional 67,563 shares during the last quarter. HoldCo Asset Management LP raised its stake in CVB Financial by 17,051.0% in the fourth quarter. HoldCo Asset Management LP now owns 2,223,972 shares of the financial services provider’s stock valued at $41,366,000 after buying an additional 2,211,005 shares during the period. Victory Capital Management Inc. lifted its position in shares of CVB Financial by 3.8% in the fourth quarter. Victory Capital Management Inc. now owns 2,031,381 shares of the financial services provider’s stock valued at $37,784,000 after buying an additional 74,914 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of CVB Financial by 2.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,739,743 shares of the financial services provider’s stock worth $32,359,000 after acquiring an additional 39,771 shares during the period. 74.18% of the stock is owned by institutional investors.
CVB Financial Stock Down 0.9%
Shares of CVBF stock opened at $22.89 on Thursday. CVB Financial has a 12-month low of $17.94 and a 12-month high of $23.36. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average of $21.88 and a 200-day moving average of $20.64. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 15.79 and a beta of 0.65.
CVB Financial (NASDAQ:CVBF – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $179.43 million during the quarter, compared to the consensus estimate of $184.62 million. CVB Financial had a net margin of 29.02% and a return on equity of 9.21%. During the same period in the prior year, the firm posted $0.36 earnings per share. As a group, equities research analysts predict that CVB Financial will post 1.72 earnings per share for the current fiscal year.
CVB Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Thursday, July 9th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Thursday, July 9th. CVB Financial’s dividend payout ratio is currently 55.17%.
About CVB Financial
CVB Financial Corp is the bank holding company for Citizens Business Bank, a California-based commercial bank whose operations trace back to 1974. Headquartered in Ontario, California, the company provides a broad range of banking and financial services through its community-focused branch network. As a publicly traded company on the NASDAQ under the symbol CVBF, CVB Financial oversees strategic planning, corporate governance and long-term growth initiatives for its subsidiary.
The company’s core business activities include commercial lending, real estate financing, equipment leasing and Small Business Administration (SBA) loan programs.
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