Shares of CVB Financial Corp. (NASDAQ:CVBF – Get Free Report) have been given an average rating of “Hold” by the six analysts that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $22.60.
CVBF has been the subject of several research reports. Wedbush reaffirmed a “neutral” rating and set a $20.00 target price on shares of CVB Financial in a research note on Thursday, October 24th. Stephens reaffirmed an “equal weight” rating and issued a $25.00 target price on shares of CVB Financial in a research report on Thursday. Keefe, Bruyette & Woods lifted their target price on shares of CVB Financial from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler lowered their price target on CVB Financial from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, November 1st.
Read Our Latest Analysis on CVBF
CVB Financial Price Performance
CVB Financial (NASDAQ:CVBF – Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. CVB Financial had a return on equity of 9.41% and a net margin of 29.32%. As a group, research analysts anticipate that CVB Financial will post 1.4 earnings per share for the current year.
CVB Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date was Tuesday, December 31st. CVB Financial’s dividend payout ratio (DPR) is 55.56%.
Institutional Investors Weigh In On CVB Financial
Hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of CVB Financial in the 3rd quarter worth approximately $27,000. GAMMA Investing LLC raised its stake in shares of CVB Financial by 21.7% in the third quarter. GAMMA Investing LLC now owns 4,367 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 780 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of CVB Financial in the third quarter valued at about $107,000. KBC Group NV raised its stake in shares of CVB Financial by 35.0% in the fourth quarter. KBC Group NV now owns 6,005 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 1,556 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in CVB Financial by 17.7% during the 4th quarter. Blue Trust Inc. now owns 6,108 shares of the financial services provider’s stock worth $131,000 after buying an additional 918 shares in the last quarter. 74.18% of the stock is owned by institutional investors.
About CVB Financial
CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. It offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers.
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