CVB Financial (NASDAQ:CVBF) Announces Earnings Results, Beats Expectations By $0.03 EPS

CVB Financial (NASDAQ:CVBF) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.03, MarketWatch Earnings reports. CVB Financial had a net margin of 42.25% and a return on equity of 10.19%.

CVBF stock traded down $0.38 during mid-day trading on Thursday, reaching $19.28. 1,204 shares of the stock traded hands, compared to its average volume of 491,088. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.77 and a quick ratio of 0.77. CVB Financial has a 52 week low of $15.57 and a 52 week high of $25.00. The stock has a 50-day simple moving average of $21.30. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 13.11 and a beta of 0.53.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Tuesday, June 29th. CVB Financial’s dividend payout ratio (DPR) is 55.38%.

Separately, Zacks Investment Research cut shares of CVB Financial from a “buy” rating to a “hold” rating in a report on Monday, June 28th.

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. The company 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.

Read More: Why is a lock-up period needed for an IPO?

Earnings History for CVB Financial (NASDAQ:CVBF)

Receive News & Ratings for CVB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVB Financial and related companies with MarketBeat.com's FREE daily email newsletter.