CVB Financial (CVBF) Upgraded to “Hold” by BidaskClub

CVB Financial (NASDAQ:CVBF) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities analysts also recently commented on the stock. Sandler O’Neill restated a “hold” rating and set a $24.00 price objective on shares of CVB Financial in a research report on Thursday, January 4th. Zacks Investment Research upgraded shares of CVB Financial from a “sell” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, January 2nd. Finally, ValuEngine downgraded shares of CVB Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.17.

CVB Financial (CVBF) opened at $22.49 on Friday. The company has a market cap of $2,400.00, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 1.87 and a beta of 1.43. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 0.69. CVB Financial has a 12-month low of $19.58 and a 12-month high of $25.49.

CVB Financial (NASDAQ:CVBF) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $83.86 million during the quarter, compared to the consensus estimate of $82.00 million. CVB Financial had a net margin of 31.70% and a return on equity of 11.06%. During the same quarter in the prior year, the firm earned $0.25 EPS. sell-side analysts expect that CVB Financial will post 1.27 earnings per share for the current year.

Several large investors have recently bought and sold shares of CVBF. Gradient Investments LLC acquired a new position in shares of CVB Financial during the 4th quarter worth $172,000. Virtu Financial LLC acquired a new position in shares of CVB Financial during the 4th quarter worth $201,000. CIBC Asset Management Inc acquired a new position in shares of CVB Financial during the 3rd quarter worth $205,000. Teacher Retirement System of Texas acquired a new position in shares of CVB Financial during the 3rd quarter worth $207,000. Finally, Investment House LLC acquired a new position in shares of CVB Financial during the 3rd quarter worth $208,000. 69.21% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for CVB Financial (NASDAQ:CVBF)

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