CVB Financial Corporation (NASDAQ:CVBF) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $21.40.

CVBF has been the subject of several research analyst reports. BidaskClub raised CVB Financial Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Wedbush reissued a “neutral” rating and set a $22.00 price objective on shares of CVB Financial Corporation in a research note on Tuesday, June 27th. Zacks Investment Research raised CVB Financial Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Wednesday, June 28th. Finally, Keefe, Bruyette & Woods set a $23.00 price objective on CVB Financial Corporation and gave the company a “hold” rating in a research note on Tuesday, July 4th.

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In related news, Director Anna Kan acquired 4,660 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average price of $21.50 per share, for a total transaction of $100,190.00. Following the completion of the acquisition, the director now owns 17,660 shares in the company, valued at $379,690. The purchase was disclosed in a filing with the SEC, which is available at this link. 7.00% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC purchased a new position in shares of CVB Financial Corporation in the second quarter worth about $497,000. The Manufacturers Life Insurance Company increased its holdings in shares of CVB Financial Corporation by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 79,856 shares of the financial services provider’s stock worth $1,791,000 after buying an additional 1,495 shares during the period. Shelton Capital Management purchased a new position in shares of CVB Financial Corporation in the second quarter worth about $225,000. Goldman Sachs Group Inc. increased its holdings in shares of CVB Financial Corporation by 7.8% in the second quarter. Goldman Sachs Group Inc. now owns 3,778,792 shares of the financial services provider’s stock worth $84,759,000 after buying an additional 274,617 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new position in shares of CVB Financial Corporation in the second quarter worth about $917,000. Hedge funds and other institutional investors own 67.33% of the company’s stock.

CVB Financial Corporation (NASDAQ CVBF) traded up 1.12% during trading on Wednesday, hitting $22.56. The stock had a trading volume of 429,443 shares. The stock has a market capitalization of $2.49 billion, a P/E ratio of 22.43 and a beta of 1.53. CVB Financial Corporation has a 52 week low of $16.32 and a 52 week high of $24.63. The company has a 50-day moving average of $20.91 and a 200-day moving average of $21.54.

CVB Financial Corporation (NASDAQ:CVBF) last posted its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The company had revenue of $81.26 million during the quarter, compared to analyst estimates of $80.10 million. CVB Financial Corporation had a return on equity of 10.67% and a net margin of 35.33%. During the same quarter last year, the company earned $0.23 earnings per share. On average, equities analysts expect that CVB Financial Corporation will post $1.06 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Wednesday, October 4th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.56 dividend on an annualized basis and a yield of 2.48%. CVB Financial Corporation’s payout ratio is 56.00%.

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.

Analyst Recommendations for CVB Financial Corporation (NASDAQ:CVBF)

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