CVB Financial (CVBF) Projected to Post Quarterly Earnings on Wednesday

CVB Financial (NASDAQ:CVBFGet Free Report) is anticipated to announce its earnings results after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.33 per share and revenue of $124.45 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

CVB Financial (NASDAQ:CVBFGet Free Report) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. CVB Financial had a net margin of 29.32% and a return on equity of 9.35%. On average, analysts expect CVB Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CVB Financial Stock Up 1.3 %

Shares of NASDAQ CVBF opened at $17.70 on Monday. The firm has a market cap of $2.46 billion, a PE ratio of 12.29 and a beta of 0.62. CVB Financial has a twelve month low of $15.75 and a twelve month high of $24.58. The business has a fifty day simple moving average of $18.69 and a two-hundred day simple moving average of $20.28.

CVB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Wednesday, April 2nd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend was Wednesday, April 2nd. CVB Financial’s dividend payout ratio (DPR) is 55.56%.

Wall Street Analysts Forecast Growth

Separately, Stephens reduced their target price on CVB Financial from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Monday, January 27th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, CVB Financial currently has an average rating of “Hold” and an average price target of $22.20.

Read Our Latest Research Report on CVB Financial

About CVB Financial

(Get Free Report)

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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Earnings History for CVB Financial (NASDAQ:CVBF)

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