CVB Financial Corporation (CVBF) Getting Favorable Media Coverage, Report Shows
News articles about CVB Financial Corporation (NASDAQ:CVBF) have been trending positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. CVB Financial Corporation earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.7825609546882 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- CVB Financial Corporation (CVBF) Announces $0.14 Quarterly Dividend (americanbankingnews.com)
- CVB Financial Corp. Announces 112th Consecutive Cash Dividend (finance.yahoo.com)
- Contrasting CVB Financial Corporation (CVBF) & Its Rivals (americanbankingnews.com)
- Bullish Two Hundred Day Moving Average Cross – CVBF (nasdaq.com)
- CVB Financial Reaches Analyst Target Price (nasdaq.com)
Shares of CVB Financial Corporation (NASDAQ CVBF) opened at 22.56 on Friday. CVB Financial Corporation has a one year low of $16.32 and a one year high of $24.63. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 22.43 and a beta of 1.53. The stock’s 50 day moving average price is $20.91 and its 200 day moving average price is $21.54.
CVB Financial Corporation (NASDAQ:CVBF) last announced its earnings results on Wednesday, July 19th. The financial services provider reported $0.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.26. The company had revenue of $81.26 million for the quarter, compared to analyst estimates of $80.10 million. CVB Financial Corporation had a return on equity of 10.67% and a net margin of 35.33%. During the same quarter last year, the company earned $0.23 earnings per share. On average, equities analysts anticipate that CVB Financial Corporation will post $1.06 earnings per share for the current fiscal year.
The company 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 dividend on an annualized basis and a dividend yield of 2.48%. CVB Financial Corporation’s dividend payout ratio (DPR) is currently 56.00%.
Several research analysts have commented on the company. Zacks Investment Research raised CVB Financial Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $23.00 price target on shares of CVB Financial Corporation in a research report on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $23.00 price target on shares of CVB Financial Corporation in a research report on Friday, August 4th. Finally, BidaskClub downgraded CVB Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $21.83.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/09/23/cvb-financial-corporation-cvbf-getting-favorable-media-coverage-report-shows.html.
In other news, Director Anna Kan bought 4,660 shares of the stock in a transaction dated Thursday, August 3rd. The shares were bought at an average price of $21.50 per share, for a total transaction of $100,190.00. Following the completion of the purchase, the director now owns 17,660 shares in the company, valued at $379,690. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.00% of the stock is currently owned by company insiders.
CVB Financial Corporation 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.
Receive News & Ratings for CVB Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVB Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.