Analysts Anticipate CVB Financial Corp. (CVBF) to Announce $0.31 EPS

Equities analysts expect CVB Financial Corp. (NASDAQ:CVBF) to announce earnings of $0.31 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for CVB Financial’s earnings. The highest EPS estimate is $0.31 and the lowest is $0.30. CVB Financial reported earnings of $0.26 per share in the same quarter last year, which suggests a positive year over year growth rate of 19.2%. The company is expected to issue its next earnings report after the market closes on Wednesday, April 18th.

On average, analysts expect that CVB Financial will report full year earnings of $1.29 per share for the current fiscal year, with EPS estimates ranging from $1.24 to $1.34. For the next fiscal year, analysts anticipate that the company will report earnings of $1.47 per share, with EPS estimates ranging from $1.40 to $1.51. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover CVB Financial.

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CVB Financial (NASDAQ:CVBF) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The firm had revenue of $83.86 million during the quarter, compared to analyst estimates of $82.00 million. CVB Financial had a net margin of 31.70% and a return on equity of 11.06%. During the same quarter in the prior year, the firm posted $0.25 EPS.

A number of equities analysts recently issued reports on the stock. Sandler O’Neill reiterated a “hold” rating and issued a $24.00 target price on shares of CVB Financial in a research report on Thursday. BidaskClub lowered shares of CVB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Hovde Group set a $25.00 price objective on shares of CVB Financial and gave the company a “hold” rating in a research report on Wednesday, February 28th. Zacks Investment Research lowered shares of CVB Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $26.00 price objective on shares of CVB Financial in a research report on Thursday, March 1st. Eight equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $24.33.

In other news, CEO Christopher D. Myers sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $23.85, for a total transaction of $477,000.00. Following the completion of the transaction, the chief executive officer now owns 327,336 shares in the company, valued at approximately $7,806,963.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 7.00% of the company’s stock.

Large investors have recently bought and sold shares of the company. Gradient Investments LLC purchased a new stake in CVB Financial during the fourth quarter valued at about $172,000. Virtu Financial LLC purchased a new stake in CVB Financial during the fourth quarter valued at about $201,000. Trilogy Capital Inc. purchased a new stake in CVB Financial during the fourth quarter valued at about $210,000. Jane Street Group LLC purchased a new stake in CVB Financial during the third quarter valued at about $243,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in CVB Financial during the fourth quarter valued at about $299,000. Institutional investors own 69.97% of the company’s stock.

NASDAQ:CVBF traded down $0.11 on Friday, reaching $22.64. The company had a trading volume of 411,490 shares, compared to its average volume of 377,430. The firm has a market capitalization of $2,494.02, a PE ratio of 21.16, a P/E/G ratio of 1.85 and a beta of 1.40. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.02. CVB Financial has a one year low of $19.58 and a one year high of $25.49.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Thursday, April 5th will be given a dividend of $0.14 per share. The ex-dividend date is Wednesday, April 4th. This represents a $0.56 annualized dividend and a dividend yield of 2.47%. CVB Financial’s dividend payout ratio (DPR) is 52.34%.

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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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Earnings History and Estimates for CVB Financial (NASDAQ:CVBF)

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