CVB Financial Corporation (CVBF) Scheduled to Post Earnings on Wednesday

CVB Financial Corporation (NASDAQ:CVBF) is scheduled to release its earnings data after the market closes on Wednesday, October 18th. Analysts expect CVB Financial Corporation to post earnings of $0.27 per share for the quarter.

CVB Financial Corporation (NASDAQ:CVBF) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $81.26 million during the quarter, compared to the consensus estimate of $80.10 million. CVB Financial Corporation had a net margin of 35.33% and a return on equity of 10.67%. During the same quarter last year, the firm posted $0.23 EPS. On average, analysts expect CVB Financial Corporation to post $1.06 EPS for the current fiscal year and $1.14 EPS for the next fiscal year.

Shares of CVB Financial Corporation (NASDAQ CVBF) opened at 23.84 on Wednesday. The stock’s 50 day moving average is $21.89 and its 200 day moving average is $21.60. The firm has a market cap of $2.63 billion, a P/E ratio of 23.70 and a beta of 1.56. CVB Financial Corporation has a 12 month low of $16.32 and a 12 month high of $25.25.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Wednesday, October 4th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.56 annualized dividend and a dividend yield of 2.35%. CVB Financial Corporation’s dividend payout ratio (DPR) is presently 56.00%.

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Several equities analysts have recently issued reports on the company. Piper Jaffray Companies reissued a “hold” rating and set a $23.00 target price on shares of CVB Financial Corporation in a research note on Friday, September 1st. BidaskClub cut CVB Financial Corporation from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $23.00 target price on shares of CVB Financial Corporation in a research note on Friday, August 4th. Zacks Investment Research raised CVB Financial Corporation from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Monday, July 24th. Finally, ValuEngine raised CVB Financial Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $22.60.

In other news, Director Anna Kan purchased 4,660 shares of CVB Financial Corporation stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average cost of $21.50 per share, with a total value of $100,190.00. Following the completion of the purchase, the director now directly owns 17,660 shares in the company, valued at $379,690. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.00% of the stock is owned by corporate insiders.

About CVB Financial Corporation

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.

Earnings History for CVB Financial Corporation (NASDAQ:CVBF)

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