Wedbush Brokers Reduce Earnings Estimates for CVB Financial Corp. (NASDAQ:CVBF)

CVB Financial Corp. (NASDAQ:CVBF) – Equities research analysts at Wedbush lowered their FY2025 EPS estimates for CVB Financial in a report issued on Thursday, April 25th. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will post earnings of $1.55 per share for the year, down from their previous forecast of $1.65. Wedbush has a “Neutral” rating and a $19.00 price objective on the stock. The consensus estimate for CVB Financial’s current full-year earnings is $1.41 per share.

Other equities analysts have also recently issued research reports about the stock. Hovde Group cut shares of CVB Financial from an “outperform” rating to a “market perform” rating and set a $18.00 price target on the stock. in a research report on Monday, April 22nd. Keefe, Bruyette & Woods reduced their price target on shares of CVB Financial from $20.00 to $19.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. StockNews.com upgraded shares of CVB Financial to a “sell” rating in a research report on Friday, January 5th. Finally, Stephens reiterated an “equal weight” rating and set a $20.00 price target on shares of CVB Financial in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.00.

CVB Financial Trading Down 0.7 %

CVBF stock opened at $16.34 on Monday. The firm’s 50-day moving average price is $16.94 and its two-hundred day moving average price is $17.72. CVB Financial has a 12-month low of $10.66 and a 12-month high of $21.77. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 10.75 and a beta of 0.46.

CVB Financial (NASDAQ:CVBF) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. CVB Financial had a net margin of 30.93% and a return on equity of 10.84%. The firm had revenue of $126.57 million for the quarter, compared to analysts’ expectations of $127.46 million. During the same quarter in the previous year, the company earned $0.42 earnings per share. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates lifted its position in CVB Financial by 2.5% during the fourth quarter. Raymond James & Associates now owns 35,598 shares of the financial services provider’s stock valued at $719,000 after purchasing an additional 854 shares during the period. Covestor Ltd raised its position in CVB Financial by 11.2% in the third quarter. Covestor Ltd now owns 8,761 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 885 shares during the period. Equitable Trust Co. raised its position in CVB Financial by 6.5% in the fourth quarter. Equitable Trust Co. now owns 27,779 shares of the financial services provider’s stock worth $561,000 after acquiring an additional 1,705 shares during the period. Strs Ohio bought a new position in CVB Financial in the fourth quarter worth approximately $36,000. Finally, Natixis Advisors L.P. raised its position in CVB Financial by 10.1% in the third quarter. Natixis Advisors L.P. now owns 20,727 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 1,905 shares during the period. Institutional investors own 74.18% of the company’s stock.

Insiders Place Their Bets

In other CVB Financial news, CFO E Allen Nicholson acquired 2,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were acquired at an average price of $16.77 per share, for a total transaction of $33,540.00. Following the completion of the acquisition, the chief financial officer now owns 92,310 shares in the company, valued at $1,548,038.70. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director George A. Borba, Jr. bought 59,601 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average price of $16.78 per share, for a total transaction of $1,000,104.78. Following the completion of the purchase, the director now owns 626,311 shares in the company, valued at approximately $10,509,498.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO E Allen Nicholson bought 2,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was purchased at an average price of $16.77 per share, for a total transaction of $33,540.00. Following the purchase, the chief financial officer now owns 92,310 shares of the company’s stock, valued at approximately $1,548,038.70. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 64,701 shares of company stock worth $1,085,196. 6.00% of the stock is currently owned by company insiders.

CVB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Wednesday, April 3rd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend was Tuesday, April 2nd. CVB Financial’s dividend payout ratio (DPR) is presently 52.63%.

About CVB Financial

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.