ValuEngine cut shares of CVB Financial Corporation (NASDAQ:CVBF) from a buy rating to a hold rating in a report published on Tuesday.

Other analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of CVB Financial Corporation from a sell rating to a hold rating in a report on Tuesday, September 5th. Piper Jaffray Companies reaffirmed a hold rating and issued a $23.00 price target on shares of CVB Financial Corporation in a report on Friday, September 1st. BidaskClub cut shares of CVB Financial Corporation from a sell rating to a strong sell rating in a report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods reissued a hold rating and set a $23.00 target price on shares of CVB Financial Corporation in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $23.20.

CVB Financial Corporation (CVBF) traded down $0.06 on Tuesday, reaching $22.78. 349,000 shares of the company traded hands, compared to its average volume of 383,102. The firm has a market capitalization of $2,515.98, a PE ratio of 21.96, a PEG ratio of 2.26 and a beta of 1.52. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.02. CVB Financial Corporation has a 1 year low of $19.58 and a 1 year high of $25.25.

CVB Financial Corporation (NASDAQ:CVBF) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $81.78 million for the quarter, compared to analysts’ expectations of $81.78 million. CVB Financial Corporation had a net margin of 35.60% and a return on equity of 10.89%. During the same period in the prior year, the company posted $0.23 earnings per share. sell-side analysts predict that CVB Financial Corporation will post 1.07 earnings per share for the current year.

WARNING: This report was originally posted by Daily Political and is owned by of Daily Political. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://www.dailypolitical.com/2017/11/15/cvb-financial-corporation-cvbf-downgraded-to-hold-at-valuengine.html.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Wednesday, October 4th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, October 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.46%. CVB Financial Corporation’s dividend payout ratio (DPR) is 53.85%.

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of CVB Financial Corporation by 3.9% during the second quarter. Vanguard Group Inc. now owns 9,771,495 shares of the financial services provider’s stock worth $219,175,000 after purchasing an additional 365,996 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of CVB Financial Corporation by 7.8% during the second quarter. Goldman Sachs Group Inc. now owns 3,778,792 shares of the financial services provider’s stock worth $84,759,000 after purchasing an additional 274,617 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of CVB Financial Corporation by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,208,139 shares of the financial services provider’s stock worth $77,539,000 after purchasing an additional 8,238 shares during the period. Northern Trust Corp raised its holdings in shares of CVB Financial Corporation by 3.3% during the second quarter. Northern Trust Corp now owns 2,361,525 shares of the financial services provider’s stock worth $52,969,000 after purchasing an additional 76,345 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of CVB Financial Corporation by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 2,356,634 shares of the financial services provider’s stock worth $52,860,000 after purchasing an additional 63,017 shares during the period. 67.34% of the stock is currently owned by institutional investors.

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.

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.