Equities analysts expect that CVB Financial Corporation (NASDAQ:CVBF) will report earnings per share (EPS) of $0.27 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for CVB Financial Corporation’s earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.28. CVB Financial Corporation reported earnings per share of $0.25 during the same quarter last year, which would suggest a positive year-over-year growth rate of 8%. The company is scheduled to report its next quarterly earnings report on Wednesday, January 17th.
According to Zacks, analysts expect that CVB Financial Corporation will report full year earnings of $1.07 per share for the current fiscal year, with EPS estimates ranging from $1.06 to $1.08. For the next year, analysts expect that the business will post earnings of $1.13 per share, with EPS estimates ranging from $1.10 to $1.16. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for CVB Financial Corporation.
CVB Financial Corporation (NASDAQ:CVBF) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.27. The firm had revenue of $81.78 million during the quarter, compared to analysts’ expectations of $81.78 million. CVB Financial Corporation had a net margin of 35.60% and a return on equity of 10.89%. During the same period in the prior year, the company posted $0.23 earnings per share.
A number of equities research analysts recently issued reports on CVBF shares. Zacks Investment Research upgraded shares of CVB Financial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. ValuEngine cut shares of CVB Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub cut shares of CVB Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Piper Jaffray Companies reiterated a “hold” rating on shares of CVB Financial Corporation in a report on Friday, October 6th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $23.00 price objective on shares of CVB Financial Corporation in a report on Friday, August 4th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $23.20.
A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in CVB Financial Corporation by 3.9% during the second quarter. Vanguard Group Inc. now owns 9,771,495 shares of the financial services provider’s stock valued at $219,175,000 after acquiring an additional 365,996 shares during the period. Goldman Sachs Group Inc. boosted its holdings in CVB Financial Corporation by 7.8% during the second quarter. Goldman Sachs Group Inc. now owns 3,778,792 shares of the financial services provider’s stock valued at $84,759,000 after acquiring an additional 274,617 shares during the period. Dimensional Fund Advisors LP boosted its holdings in CVB Financial Corporation by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,208,139 shares of the financial services provider’s stock valued at $77,539,000 after acquiring an additional 8,238 shares during the period. Northern Trust Corp boosted its holdings in CVB Financial Corporation by 3.3% during the second quarter. Northern Trust Corp now owns 2,361,525 shares of the financial services provider’s stock valued at $52,969,000 after acquiring an additional 76,345 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in CVB Financial Corporation by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 2,356,634 shares of the financial services provider’s stock valued at $52,860,000 after acquiring an additional 63,017 shares during the period. Institutional investors own 67.34% of the company’s stock.
Shares of CVB Financial Corporation (NASDAQ CVBF) opened at $22.84 on Tuesday. The stock has a market cap of $2,480.73, a price-to-earnings ratio of 21.65, a P/E/G ratio of 2.22 and a beta of 1.52. CVB Financial Corporation has a fifty-two week low of $19.58 and a fifty-two week high of $25.25. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.02.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Wednesday, October 4th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Tuesday, October 3rd. CVB Financial Corporation’s dividend payout ratio (DPR) is 53.85%.
TRADEMARK VIOLATION NOTICE: “$0.27 Earnings Per Share Expected for CVB Financial Corporation (CVBF) This Quarter” was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://transcriptdaily.com/2017/11/14/0-27-earnings-per-share-expected-for-cvb-financial-corporation-cvbf-this-quarter.html.
About CVB Financial Corporation
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CVB Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVB Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.