CVB Financial (CVBF) Upgraded at BidaskClub
CVB Financial (NASDAQ:CVBF) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of CVB Financial from a “sell” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Tuesday, January 2nd. ValuEngine lowered shares of CVB Financial from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Piper Jaffray Companies restated a “hold” rating on shares of CVB Financial in a research report on Friday, October 6th. Finally, Sandler O’Neill restated a “hold” rating and issued a $24.00 price target on shares of CVB Financial in a research report on Thursday, January 4th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $23.17.
CVB Financial (NASDAQ:CVBF) opened at $23.93 on Friday. CVB Financial has a 12 month low of $19.58 and a 12 month high of $25.49. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.02. The company has a market cap of $2,640.00, a P/E ratio of 23.01, a P/E/G ratio of 2.08 and a beta of 1.50.
CVB Financial (NASDAQ:CVBF) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.27 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.27. CVB Financial had a net margin of 35.60% and a return on equity of 10.89%. The business had revenue of $81.78 million for the quarter, compared to analyst estimates of $81.78 million. During the same quarter last year, the business earned $0.23 earnings per share. research analysts expect that CVB Financial will post 1.06 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of CVBF. Vanguard Group Inc. grew its position in CVB Financial by 3.9% in the second quarter. Vanguard Group Inc. now owns 9,771,495 shares of the financial services provider’s stock worth $219,175,000 after buying an additional 365,996 shares during the last quarter. Walthausen & Co. LLC acquired a new position in CVB Financial in the third quarter worth approximately $7,099,000. Goldman Sachs Group Inc. grew its position in CVB Financial by 7.8% in 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 buying an additional 274,617 shares during the last quarter. New York State Common Retirement Fund grew its position in CVB Financial by 78.0% in the third quarter. New York State Common Retirement Fund now owns 194,700 shares of the financial services provider’s stock worth $4,706,000 after buying an additional 85,300 shares during the last quarter. Finally, Northern Trust Corp grew its position in CVB Financial by 3.3% in the second quarter. Northern Trust Corp now owns 2,361,525 shares of the financial services provider’s stock worth $52,969,000 after buying an additional 76,345 shares during the last quarter. Hedge funds and other institutional investors own 69.36% of the company’s stock.
About CVB Financial
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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