CVB Financial Corp. (NASDAQ:CVBF) Given Consensus Rating of “Hold” by Brokerages

CVB Financial Corp. (NASDAQ:CVBFGet Free Report) has received an average rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $19.00.

CVBF has been the subject of a number of research reports. Keefe, Bruyette & Woods reduced their price objective on CVB Financial from $20.00 to $19.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Wedbush reissued a “neutral” rating and issued a $19.00 price target on shares of CVB Financial in a research note on Thursday, April 25th. Stephens reaffirmed an “equal weight” rating and set a $20.00 price objective on shares of CVB Financial in a research report on Thursday, April 25th. Finally, Hovde Group downgraded shares of CVB Financial from an “outperform” rating to a “market perform” rating and set a $18.00 target price for the company. in a research report on Monday, April 22nd.

Get Our Latest Report on CVB Financial

Hedge Funds Weigh In On CVB Financial

Large investors have recently made changes to their positions in the business. Strs Ohio bought a new position in CVB Financial in the 4th quarter worth approximately $36,000. GAMMA Investing LLC acquired a new position in CVB Financial during the 4th quarter valued at $102,000. Headlands Technologies LLC bought a new stake in CVB Financial in the 4th quarter valued at $122,000. Covestor Ltd grew its position in CVB Financial by 11.2% in the 3rd quarter. Covestor Ltd now owns 8,761 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 885 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of CVB Financial by 141.5% during the fourth quarter. Assetmark Inc. now owns 8,598 shares of the financial services provider’s stock valued at $174,000 after buying an additional 5,038 shares during the last quarter. Institutional investors and hedge funds own 74.18% of the company’s stock.

CVB Financial Price Performance

NASDAQ:CVBF opened at $17.43 on Monday. The stock’s 50-day moving average is $16.91 and its two-hundred day moving average is $17.85. The stock has a market cap of $2.43 billion, a PE ratio of 11.47 and a beta of 0.47. CVB Financial has a fifty-two week low of $11.35 and a fifty-two week high of $21.77.

CVB Financial (NASDAQ:CVBFGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $126.57 million for the quarter, compared to analyst estimates of $127.46 million. CVB Financial had a net margin of 30.93% and a return on equity of 10.84%. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 EPS. On average, equities research analysts anticipate that CVB Financial will post 1.41 earnings per share for the current year.

CVB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Wednesday, April 3rd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend was Tuesday, April 2nd. CVB Financial’s dividend payout ratio is currently 52.63%.

CVB Financial Company Profile

(Get Free Report

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. It offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers.

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Analyst Recommendations for CVB Financial (NASDAQ:CVBF)

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