CVB Financial Corp. (NASDAQ:CVBF) Receives Consensus Recommendation of “Hold” from Analysts

CVB Financial Corp. (NASDAQ:CVBF) has earned an average rating of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $22.20.

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price target on CVB Financial from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Wedbush restated a “neutral” rating and issued a $20.00 price target on shares of CVB Financial in a research report on Thursday, October 24th. Piper Sandler lowered their price objective on CVB Financial from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Finally, Stephens lowered their price objective on CVB Financial from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday, January 27th.

Institutional Investors Weigh In On CVB Financial

Several institutional investors have recently modified their holdings of CVBF. Allspring Global Investments Holdings LLC purchased a new stake in shares of CVB Financial during the 3rd quarter worth approximately $27,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of CVB Financial by 80.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,620 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 720 shares in the last quarter. Hopwood Financial Services Inc. purchased a new stake in CVB Financial in the 4th quarter valued at approximately $53,000. GAMMA Investing LLC lifted its stake in CVB Financial by 21.7% in the 3rd quarter. GAMMA Investing LLC now owns 4,367 shares of the financial services provider’s stock valued at $78,000 after buying an additional 780 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its stake in CVB Financial by 815.6% in the 4th quarter. Sterling Capital Management LLC now owns 4,175 shares of the financial services provider’s stock valued at $89,000 after buying an additional 3,719 shares in the last quarter. Hedge funds and other institutional investors own 74.18% of the company’s stock.

CVB Financial Stock Up 0.7 %

Shares of CVBF stock opened at $20.43 on Wednesday. The stock has a market capitalization of $2.85 billion, a PE ratio of 14.19 and a beta of 0.50. CVB Financial has a 52-week low of $15.71 and a 52-week high of $24.58. The stock’s 50-day moving average price is $21.13 and its 200 day moving average price is $19.98.

CVB Financial (NASDAQ:CVBF) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. CVB Financial had a return on equity of 9.35% and a net margin of 29.32%. Analysts expect that CVB Financial will post 1.41 earnings per share for the current fiscal year.

CVB Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend was Tuesday, December 31st. CVB Financial’s dividend payout ratio (DPR) is 55.56%.

CVB Financial Company Profile

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. It 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.