CVB Financial (NASDAQ:CVBF) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, January 19th.
Several other brokerages have also issued reports on CVBF. ValuEngine lowered shares of CVB Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Zacks Investment Research lowered shares of CVB Financial from a “hold” rating to a “sell” rating in a research note on Monday, December 25th. Sandler O’Neill reiterated a “hold” rating and issued a $24.00 price target on shares of CVB Financial in a research note on Thursday, January 4th. Finally, Piper Jaffray Companies restated a “hold” rating on shares of CVB Financial in a research note on Friday, October 6th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. CVB Financial currently has an average rating of “Hold” and an average target price of $23.17.
Shares of CVB Financial (NASDAQ:CVBF) traded up $0.11 during trading on Friday, hitting $22.60. 324,429 shares of the company traded hands, compared to its average volume of 395,150. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $2,490.00, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 1.86 and a beta of 1.43. CVB Financial has a 52 week low of $19.58 and a 52 week high of $25.49.
CVB Financial (NASDAQ:CVBF) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The company had revenue of $83.86 million during the quarter, compared to analyst estimates of $82.00 million. CVB Financial had a net margin of 31.70% and a return on equity of 11.06%. During the same period last year, the business earned $0.25 EPS. equities analysts anticipate that CVB Financial will post 1.27 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC increased its stake in CVB Financial by 54.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,491 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 2,291 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of CVB Financial by 29.3% in the second quarter. D.A. Davidson & CO. now owns 7,056 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 1,600 shares during the period. Gradient Investments LLC bought a new stake in shares of CVB Financial in the fourth quarter worth approximately $172,000. Victory Capital Management Inc. grew its stake in shares of CVB Financial by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,384 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 1,107 shares during the period. Finally, CIBC Asset Management Inc bought a new stake in shares of CVB Financial in the third quarter worth approximately $205,000. Institutional investors and hedge funds own 69.19% of the company’s stock.
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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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