CVB Financial Corporation (NASDAQ:CVBF) – Analysts at DA Davidson dropped their FY2017 earnings estimates for CVB Financial in a report released on Friday. DA Davidson analyst G. Tenner now anticipates that the financial services provider will earn $1.07 per share for the year, down from their prior forecast of $1.08. DA Davidson also issued estimates for CVB Financial’s Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.30 EPS and FY2019 earnings at $1.23 EPS.

Other equities analysts have also recently issued research reports about the company. ValuEngine raised CVB Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Piper Jaffray Companies reaffirmed a “hold” rating on shares of CVB Financial in a research note on Friday, October 6th. Finally, Zacks Investment Research raised CVB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $23.20.

CVB Financial (CVBF) opened at $24.82 on Monday. 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 has a 12 month low of $19.58 and a 12 month high of $25.49. The firm has a market capitalization of $2,702.14, a PE ratio of 23.59, a price-to-earnings-growth ratio of 2.43 and a beta of 1.50.

CVB Financial (NASDAQ:CVBF) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.27. CVB Financial had a return on equity of 10.89% and a net margin of 35.60%. The firm had revenue of $81.78 million for the quarter, compared to analysts’ expectations of $81.78 million. During the same quarter last year, the business posted $0.23 EPS.

Large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its stake in CVB Financial by 2.2% during the 2nd quarter. Rhumbline Advisers now owns 231,194 shares of the financial services provider’s stock valued at $5,186,000 after acquiring an additional 5,023 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of CVB Financial by 2.7% during the 2nd 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 buying an additional 63,017 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of CVB Financial by 10.4% during the 2nd quarter. Legal & General Group Plc now owns 195,932 shares of the financial services provider’s stock valued at $4,395,000 after buying an additional 18,531 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of CVB Financial by 1.7% during the 2nd quarter. Arizona State Retirement System now owns 53,436 shares of the financial services provider’s stock valued at $1,199,000 after buying an additional 900 shares during the last quarter. Finally, Aperio Group LLC lifted its holdings in shares of CVB Financial by 1.1% during the 2nd quarter. Aperio Group LLC now owns 28,853 shares of the financial services provider’s stock valued at $647,000 after buying an additional 328 shares during the last quarter. 69.37% of the stock is currently owned by institutional investors.

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About CVB Financial

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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