CVB Financial (NASDAQ:CVBF) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

A number of other equities analysts have also weighed in on CVBF. Zacks Investment Research lowered CVB Financial from a “hold” rating to a “sell” rating in a research report on Thursday, June 21st. Wedbush restated a “neutral” rating on shares of CVB Financial in a research note on Monday, July 16th. Sandler O’Neill restated a “hold” rating and set a $24.50 price target on shares of CVB Financial in a research note on Friday, July 20th. Hovde Group set a $25.00 price target on CVB Financial and gave the company a “hold” rating in a research note on Monday, July 23rd. Finally, Piper Jaffray Companies set a $25.00 price target on CVB Financial and gave the company a “hold” rating in a research note on Monday, July 30th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.10.

Shares of NASDAQ:CVBF opened at $23.57 on Friday. CVB Financial has a fifty-two week low of $20.87 and a fifty-two week high of $25.49. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 1.93 and a beta of 1.38.

CVB Financial (NASDAQ:CVBF) last issued its earnings results on Wednesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. CVB Financial had a return on equity of 12.20% and a net margin of 34.66%. The business had revenue of $82.38 million during the quarter, compared to analyst estimates of $81.70 million. During the same quarter in the previous year, the firm earned $0.26 EPS. sell-side analysts forecast that CVB Financial will post 1.3 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in CVBF. Comerica Bank grew its stake in shares of CVB Financial by 2.5% during the 1st quarter. Comerica Bank now owns 144,137 shares of the financial services provider’s stock valued at $3,193,000 after acquiring an additional 3,479 shares during the period. Victory Capital Management Inc. grew its stake in shares of CVB Financial by 37.1% during the 1st quarter. Victory Capital Management Inc. now owns 15,134 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 4,093 shares during the period. Prudential Financial Inc. grew its stake in shares of CVB Financial by 1.6% during the 1st quarter. Prudential Financial Inc. now owns 172,163 shares of the financial services provider’s stock valued at $3,898,000 after acquiring an additional 2,700 shares during the period. D.A. Davidson & CO. bought a new position in shares of CVB Financial during the 1st quarter valued at approximately $366,000. Finally, Swiss National Bank grew its stake in shares of CVB Financial by 3.3% during the 1st quarter. Swiss National Bank now owns 182,300 shares of the financial services provider’s stock valued at $4,127,000 after acquiring an additional 5,900 shares during the period. Institutional investors and hedge funds own 70.40% of the company’s stock.

About CVB Financial

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank that provides banking, lending, and investment services. It operates in two segments, Banking Centers; and Dairy & Livestock and Agribusiness. The company offers checking, savings, and money market accounts, as well as time certificates of deposit; and serves as a federal tax depository for business customers.

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Analyst Recommendations for CVB Financial (NASDAQ:CVBF)

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