Somewhat Positive Press Coverage Somewhat Unlikely to Affect CVB Financial (CVBF) Stock Price
Media headlines about CVB Financial (NASDAQ:CVBF) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. CVB Financial earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.9687415648917 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- CVB Financial Corp. (CVBF) to Post FY2019 Earnings of $1.46 Per Share, FIG Partners Forecasts (americanbankingnews.com)
- Wedbush Research Analysts Raise Earnings Estimates for CVB Financial Corp. (CVBF) (americanbankingnews.com)
- CVB Financial Corp. Announces Fourth Quarter and Year Ended 2017 Earnings Release Date, Conference Call and Webcast (finance.yahoo.com)
- CVB Financial (CVBF) Upgraded by Zacks Investment Research to “Buy” (americanbankingnews.com)
- CVB Financial Corp (NASDAQ:CVBF): What You Have To Know Before Buying For The Upcoming Dividend (finance.yahoo.com)
Shares of CVB Financial (CVBF) opened at $23.45 on Friday. CVB Financial has a 12 month low of $19.58 and a 12 month high of $25.49. The company has a market cap of $2,557.84, a P/E ratio of 22.55, a price-to-earnings-growth ratio of 2.08 and a beta of 1.50. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.02.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 22nd. Stockholders of record on Friday, January 5th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Thursday, January 4th. CVB Financial’s dividend payout ratio (DPR) is presently 53.85%.
Several research firms recently weighed in on CVBF. Sandler O’Neill reiterated a “hold” rating and set a $24.00 price objective on shares of CVB Financial in a research note on Thursday. Zacks Investment Research upgraded shares of CVB Financial from a “sell” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Tuesday, January 2nd. ValuEngine lowered shares of CVB Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Piper Jaffray Companies restated a “hold” rating on shares of CVB Financial in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. CVB Financial currently has a consensus rating of “Hold” and a consensus price target of $23.17.
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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.
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