Analysts Expect CVB Financial Corp. (CVBF) Will Announce Earnings of $0.31 Per Share
Analysts predict that CVB Financial Corp. (NASDAQ:CVBF) will announce earnings per share (EPS) of $0.31 for the current quarter, Zacks reports. Four analysts have made estimates for CVB Financial’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.31. CVB Financial reported earnings of $0.26 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 19.2%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that CVB Financial will report full-year earnings of $1.27 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.30. For the next year, analysts forecast that the company will post earnings of $1.33 per share, with EPS estimates ranging from $1.27 to $1.42. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow CVB Financial.
CVB Financial (NASDAQ:CVBF) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $83.86 million for the quarter, compared to the consensus estimate of $82.00 million. CVB Financial had a net margin of 31.70% and a return on equity of 11.06%. During the same quarter last year, the firm posted $0.25 EPS.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Teachers Advisors LLC grew its position in CVB Financial by 2.9% in the 4th quarter. Teachers Advisors LLC now owns 190,318 shares of the financial services provider’s stock worth $4,484,000 after purchasing an additional 5,354 shares during the last quarter. Goldman Sachs Group Inc. grew its position in CVB Financial by 3.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,047,104 shares of the financial services provider’s stock worth $95,350,000 after purchasing an additional 137,543 shares during the last quarter. Guggenheim Capital LLC grew its position in CVB Financial by 51.3% in the 4th quarter. Guggenheim Capital LLC now owns 23,034 shares of the financial services provider’s stock worth $544,000 after purchasing an additional 7,807 shares during the last quarter. Deutsche Bank AG grew its position in CVB Financial by 96.2% in the 4th quarter. Deutsche Bank AG now owns 257,529 shares of the financial services provider’s stock worth $6,066,000 after purchasing an additional 126,257 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in CVB Financial in the 4th quarter worth $357,000. Institutional investors own 69.19% of the company’s stock.
Shares of CVB Financial (NASDAQ CVBF) traded up $0.49 on Friday, reaching $23.20. 271,994 shares of the company traded hands, compared to its average volume of 392,480. The company has a market cap of $2,500.00, a P/E ratio of 21.68, a PEG ratio of 1.87 and a beta of 1.43. CVB Financial has a 12-month low of $19.58 and a 12-month high of $25.49. 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 declared a quarterly dividend, which was paid on Monday, January 22nd. Shareholders of record on Friday, January 5th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $0.56 annualized dividend and a yield of 2.41%. CVB Financial’s dividend payout ratio is 52.34%.
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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