CVB Financial (CVBF) Receives Hold Rating from Sandler O’Neill
Sandler O’Neill reiterated their hold rating on shares of CVB Financial (NASDAQ:CVBF) in a research report report published on Thursday morning. Sandler O’Neill currently has a $24.00 price target on the financial services provider’s stock.
Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of CVB Financial from a sell rating to a buy rating and set a $26.00 target price on the stock in a research note on Tuesday. ValuEngine raised shares of CVB Financial from a hold rating to a buy rating in a research note on Tuesday, September 26th. Finally, Piper Jaffray Companies reaffirmed a hold rating on shares of CVB Financial in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. CVB Financial currently has a consensus rating of Hold and a consensus price target of $23.17.
Shares of CVB Financial (NASDAQ:CVBF) traded down $0.25 during midday trading on Thursday, hitting $23.22. 315,000 shares of the stock traded hands, compared to its average volume of 333,833. The company has a market cap of $2,585.38, a price-to-earnings ratio of 22.33, a PEG ratio of 2.20 and a beta of 1.50. 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 has a one year low of $19.58 and a one year high of $25.49.
CVB Financial (NASDAQ:CVBF) last issued its 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 company had revenue of $81.78 million for the quarter, compared to analyst estimates of $81.78 million. CVB Financial had a net margin of 35.60% and a return on equity of 10.89%. During the same quarter last year, the firm earned $0.23 EPS. equities research analysts expect that CVB Financial will post 1.06 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 22nd. Investors of record on Friday, January 5th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, January 4th. CVB Financial’s payout ratio is 53.85%.
A number of institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP boosted its stake in CVB Financial by 188.5% during the 3rd quarter. GSA Capital Partners LLP now owns 30,624 shares of the financial services provider’s stock worth $740,000 after acquiring an additional 20,009 shares during the last quarter. Walthausen & Co. LLC bought a new position in CVB Financial during the 3rd quarter worth approximately $7,099,000. California Public Employees Retirement System boosted its stake in CVB Financial by 11.7% during the 3rd quarter. California Public Employees Retirement System now owns 131,172 shares of the financial services provider’s stock worth $3,170,000 after acquiring an additional 13,772 shares during the last quarter. Jane Street Group LLC bought a new position in CVB Financial during the 3rd quarter worth approximately $243,000. Finally, Epoch Investment Partners Inc. boosted its stake in CVB Financial by 0.7% during the 3rd quarter. Epoch Investment Partners Inc. now owns 387,136 shares of the financial services provider’s stock worth $9,357,000 after acquiring an additional 2,831 shares during the last quarter. 69.36% 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.
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