Q1 2018 EPS Estimates for CVB Financial Corp. (CVBF) Increased by Analyst

CVB Financial Corp. (NASDAQ:CVBF) – DA Davidson upped their Q1 2018 earnings per share (EPS) estimates for CVB Financial in a note issued to investors on Friday. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings of $0.31 per share for the quarter, up from their prior forecast of $0.28. DA Davidson also issued estimates for CVB Financial’s Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $1.28 EPS and FY2019 earnings at $1.34 EPS.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of CVB Financial from a “hold” rating to a “sell” rating in a research note on Monday, December 25th. Sandler O’Neill restated a “hold” rating and issued a $24.00 price objective on shares of CVB Financial in a research note on Thursday, January 4th. ValuEngine cut shares of CVB Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Piper Jaffray Companies restated a “hold” rating on shares of CVB Financial in a research note on Friday, October 6th. Finally, BidaskClub cut shares of CVB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $23.17.

CVB Financial (NASDAQ CVBF) opened at $23.72 on Monday. The company has a market cap of $2,603.00, a price-to-earnings ratio of 24.97, a P/E/G ratio of 2.04 and a beta of 1.50. CVB Financial has a one year low of $19.58 and a one year high of $25.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 0.69.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 22nd. Stockholders of record on Friday, January 5th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Thursday, January 4th. CVB Financial’s dividend payout ratio is 58.95%.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of CVB Financial by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 9,771,495 shares of the financial services provider’s stock valued at $219,175,000 after buying an additional 365,996 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of CVB Financial by 7.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,778,792 shares of the financial services provider’s stock worth $84,759,000 after purchasing an additional 274,617 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of CVB Financial by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,208,139 shares of the financial services provider’s stock worth $77,539,000 after purchasing an additional 8,238 shares in the last quarter. Northern Trust Corp increased its position in shares of CVB Financial by 3.3% during the 2nd quarter. Northern Trust Corp now owns 2,361,525 shares of the financial services provider’s stock worth $52,969,000 after purchasing an additional 76,345 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of CVB Financial by 6.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 591,001 shares of the financial services provider’s stock worth $13,924,000 after purchasing an additional 33,256 shares in the last quarter. Institutional investors own 69.33% of the company’s stock.

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CVB Financial Company Profile

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.

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

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