$0.27 Earnings Per Share Expected for CVB Financial Corporation (CVBF) This Quarter

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%.

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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.

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

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