Wall Street analysts expect that CVB Financial Corp. (NASDAQ:CVBF) will report sales of $121.24 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for CVB Financial’s earnings. The highest sales estimate is $123.10 million and the lowest is $119.00 million. CVB Financial reported sales of $83.44 million in the same quarter last year, which indicates a positive year-over-year growth rate of 45.3%. The company is scheduled to report its next earnings results after the market closes on Wednesday, April 24th.

On average, analysts expect that CVB Financial will report full-year sales of $493.22 million for the current year, with estimates ranging from $485.00 million to $500.90 million. For the next year, analysts anticipate that the company will post sales of $507.74 million, with estimates ranging from $491.00 million to $519.50 million. Zacks’ sales averages are an average based on a survey of research firms that cover CVB Financial.

CVB Financial (NASDAQ:CVBF) last issued its quarterly earnings results on Wednesday, January 23rd. The financial services provider reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.03). CVB Financial had a net margin of 37.50% and a return on equity of 10.45%. The firm had revenue of $123.77 million during the quarter, compared to the consensus estimate of $116.78 million. During the same quarter last year, the firm posted $0.28 earnings per share.

A number of research analysts have issued reports on CVBF shares. Zacks Investment Research lowered CVB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. Piper Jaffray Companies upgraded CVB Financial from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $23.00 to $25.00 in a research report on Monday, January 7th. Keefe, Bruyette & Woods set a $23.00 price target on CVB Financial and gave the stock a “hold” rating in a research report on Thursday, December 20th. BidaskClub lowered CVB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. Finally, FIG Partners lowered CVB Financial from an “outperform” rating to a “market-perform” rating in a research report on Thursday, January 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $24.90.

Large investors have recently bought and sold shares of the stock. Morgan Stanley raised its position in CVB Financial by 86.8% during the third quarter. Morgan Stanley now owns 586,790 shares of the financial services provider’s stock valued at $13,098,000 after buying an additional 272,606 shares during the period. Oregon Public Employees Retirement Fund acquired a new position in CVB Financial during the fourth quarter valued at $788,000. Rhumbline Advisers raised its position in CVB Financial by 22.5% during the fourth quarter. Rhumbline Advisers now owns 344,330 shares of the financial services provider’s stock valued at $6,966,000 after buying an additional 63,208 shares during the period. Vanguard Group Inc. raised its position in CVB Financial by 12.8% during the third quarter. Vanguard Group Inc. now owns 11,983,877 shares of the financial services provider’s stock valued at $267,480,000 after buying an additional 1,361,412 shares during the period. Finally, Strs Ohio raised its position in CVB Financial by 144.0% during the fourth quarter. Strs Ohio now owns 6,100 shares of the financial services provider’s stock valued at $123,000 after buying an additional 3,600 shares during the period. 64.75% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:CVBF traded down $0.39 during midday trading on Friday, reaching $21.39. 6,865 shares of the company traded hands, compared to its average volume of 433,981. CVB Financial has a twelve month low of $19.21 and a twelve month high of $24.97. The firm has a market capitalization of $2.99 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.53 and a beta of 1.16. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.85 and a quick ratio of 0.85.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Saturday, April 6th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.37%. This is a positive change from CVB Financial’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, April 4th. CVB Financial’s payout ratio is presently 58.06%.

CVB Financial Company Profile

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank that provides banking and financial products and services. The company offers checking, savings, and money market accounts, as well as time certificates of deposit; and serves as a federal tax depository for business customers.

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Earnings History and Estimates for CVB Financial (NASDAQ:CVBF)

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