Media coverage about CVB Financial Corp. (NASDAQ:CVBF) has been trending positive this week, AlphaOne reports. The research group, a subsidiary of Accern, scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CVB Financial Corp. earned a coverage optimism score of 0.28 on AlphaOne’s scale. AlphaOne also gave headlines about the financial services provider an impact score of 35 out of 100, indicating that recent news coverage is unlikely to have an impact on the stock’s share price in the next few days.
Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of CVB Financial Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Piper Jaffray Companies reduced their target price on shares of CVB Financial Corp. from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, April 17th. Finally, Hovde Group raised shares of CVB Financial Corp. from an “underperform” rating to a “market perform” rating and set a $21.00 price target on the stock in a report on Friday. Five investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $20.80.
Shares of CVB Financial Corp. (NASDAQ:CVBF) opened at 20.50 on Friday. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 20.92 and a beta of 1.47. The firm has a 50-day moving average of $21.35 and a 200-day moving average of $21.93. CVB Financial Corp. has a one year low of $15.25 and a one year high of $24.63.
CVB Financial Corp. (NASDAQ:CVBF) last announced its quarterly earnings results on Tuesday, April 25th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. The firm had revenue of $74.16 million during the quarter, compared to the consensus estimate of $77.30 million. CVB Financial Corp. had a return on equity of 10.25% and a net margin of 33.74%. During the same period in the prior year, the company posted $0.22 earnings per share. Equities research analysts forecast that CVB Financial Corp. will post $1.07 EPS for the current fiscal year.
In related news, Director Guercio Stephen A. Del sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $23.48, for a total value of $70,440.00. Following the completion of the transaction, the director now directly owns 19,000 shares of the company’s stock, valued at $446,120. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David A. Brager sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $22.13, for a total value of $44,260.00. Following the completion of the sale, the executive vice president now owns 43,013 shares of the company’s stock, valued at approximately $951,877.69. The disclosure for this sale can be found here. Corporate insiders own 7.80% of the company’s stock.
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About CVB Financial Corp.
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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