CVB Financial (NASDAQ:CVBF – Get Free Report) issued its earnings results on Wednesday. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35, Briefing.com reports. CVB Financial had a net margin of 33.26% and a return on equity of 11.50%. The company had revenue of $126.57 million for the quarter, compared to analysts’ expectations of $127.46 million. During the same period in the prior year, the business earned $0.42 EPS. The firm’s quarterly revenue was down 8.9% on a year-over-year basis.
CVB Financial Stock Performance
Shares of NASDAQ CVBF traded down $0.58 during mid-day trading on Thursday, reaching $16.51. The company’s stock had a trading volume of 368,544 shares, compared to its average volume of 893,383. The stock has a market capitalization of $2.31 billion, a P/E ratio of 10.38 and a beta of 0.46. CVB Financial has a 1-year low of $10.66 and a 1-year high of $21.77. The stock has a 50-day moving average of $17.02 and a two-hundred day moving average of $17.70.
CVB Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Wednesday, April 3rd were given a $0.20 dividend. The ex-dividend date was Tuesday, April 2nd. This represents a $0.80 annualized dividend and a dividend yield of 4.85%. CVB Financial’s dividend payout ratio (DPR) is presently 50.31%.
Insider Activity at CVB Financial
Wall Street Analyst Weigh In
CVBF has been the topic of several research reports. Wedbush reissued a “neutral” rating and issued a $19.00 price objective on shares of CVB Financial in a research note on Thursday. Keefe, Bruyette & Woods decreased their price objective on CVB Financial from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Friday, January 26th. StockNews.com raised shares of CVB Financial to a “sell” rating in a research report on Friday, January 5th. Finally, Hovde Group downgraded CVB Financial from an “outperform” rating to a “market perform” rating and set a $18.00 price target for the company. in a report on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $19.50.
View Our Latest Stock Report on CVB Financial
CVB Financial Company Profile
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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