CVB Financial Corp Plans Quarterly Dividend of $0.09 (CVBF)
CVB Financial Corp (NASDAQ:CVBF) announced a quarterly dividend on Wednesday, March 20th. Stockholders of record on Wednesday, April 3rd will be paid a dividend of $0.09 per share on Wednesday, April 17th. This represents a $0.34 annualized dividend and a dividend yield of 3.09%.
Several analysts have also recently commented on the stock. Analysts at FIG Partners upgraded shares of CVB Financial Corp to an “outperform” rating in a research note to investors on Tuesday, March 5th. Finally, analysts at Zacks upgraded shares of CVB Financial Corp from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 15th. They now have a $11.30 price target on the stock.
Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $12.45.
Shares of CVB Financial Corp (NASDAQ: CVBF) traded up 0.62% during mid-day trading on Wednesday, hitting $11.42. CVB Financial Corp has a one year low of $9.43 and a one year high of $12.95. The stock’s 50-day moving average is currently $10.94. The company has a market cap of $1.198 billion and a P/E ratio of 15.38.
CVB Financial Corp. (NASDAQ: CVBF) is a bank holding company of Citizens Business Bank (the Bank). The Bank is its principal asset.
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