CVB Financial (CVBF) Scheduled to Post Earnings on Tuesday
CVB Financial (NASDAQ:CVBF) is scheduled to be announcing its earnings results after the market closes on Tuesday, January 16th. Analysts expect the company to announce earnings of $0.27 per share for the quarter.
CVB Financial (NASDAQ:CVBF) last announced 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 return on equity of 10.89% and a net margin of 35.60%. The firm had revenue of $81.78 million during the quarter, compared to the consensus estimate of $81.78 million. During the same quarter in the prior year, the company earned $0.23 EPS. On average, analysts expect CVB Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of CVB Financial (NASDAQ:CVBF) opened at $24.30 on Friday. CVB Financial has a 52 week low of $19.58 and a 52 week high of $25.49. The firm has a market capitalization of $2,680.11, a P/E ratio of 23.37, a P/E/G ratio of 2.10 and a beta of 1.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 0.69.
Several analysts recently weighed in on CVBF shares. Zacks Investment Research upgraded CVB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. ValuEngine downgraded CVB Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Sandler O’Neill restated a “hold” rating and set a $24.00 target price on shares of CVB Financial in a research note on Thursday, January 4th. Piper Jaffray Companies restated a “hold” rating on shares of CVB Financial in a research note on Friday, October 6th. Finally, BidaskClub downgraded CVB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. CVB Financial presently has an average rating of “Hold” and an average target price of $23.17.
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CVB Financial Company Profile
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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