Piper Jaffray Companies upgraded shares of CVB Financial (NASDAQ:CVBF) from a neutral rating to an overweight rating in a research note issued to investors on Monday morning, MarketBeat.com reports. Piper Jaffray Companies currently has $25.00 target price on the financial services provider’s stock, up from their prior target price of $23.00.

CVBF has been the topic of a number of other reports. BidaskClub raised shares of CVB Financial from a strong sell rating to a sell rating in a research report on Thursday, October 11th. Keefe, Bruyette & Woods set a $23.00 target price on shares of CVB Financial and gave the company a hold rating in a research report on Thursday, December 20th. Zacks Investment Research raised shares of CVB Financial from a hold rating to a buy rating and set a $27.00 target price on the stock in a research report on Tuesday, September 18th. ValuEngine downgraded shares of CVB Financial from a hold rating to a sell rating in a research report on Tuesday, October 2nd. Finally, FIG Partners raised shares of CVB Financial from a market perform rating to an outperform rating in a research report on Thursday, October 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. CVB Financial currently has an average rating of Hold and a consensus target price of $24.90.

NASDAQ CVBF opened at $21.81 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $3.06 billion, a P/E ratio of 20.38, a P/E/G ratio of 1.58 and a beta of 1.24. CVB Financial has a 12 month low of $19.21 and a 12 month high of $25.14.

CVB Financial (NASDAQ:CVBF) last posted its earnings results on Wednesday, October 24th. The financial services provider reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.02). The company had revenue of $103.43 million during the quarter, compared to analysts’ expectations of $102.47 million. CVB Financial had a net margin of 34.92% and a return on equity of 11.11%. The company’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period last year, the business earned $0.27 earnings per share. On average, research analysts forecast that CVB Financial will post 1.27 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 18th. Investors of record on Friday, January 4th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Thursday, January 3rd. CVB Financial’s dividend payout ratio is currently 52.34%.

In related news, EVP Yamynn Deangelis sold 10,000 shares of the stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $22.43, for a total transaction of $224,300.00. Following the completion of the sale, the executive vice president now owns 69,003 shares in the company, valued at approximately $1,547,737.29. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.90% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in CVB Financial during the 3rd quarter worth $118,000. Capital Fund Management S.A. acquired a new stake in shares of CVB Financial in the 3rd quarter worth $203,000. GSA Capital Partners LLP acquired a new stake in shares of CVB Financial in the 2nd quarter worth $204,000. OppenheimerFunds Inc. acquired a new stake in shares of CVB Financial in the 2nd quarter worth $217,000. Finally, AMP Capital Investors Ltd acquired a new stake in shares of CVB Financial in the 2nd quarter worth $305,000. Hedge funds and other institutional investors own 62.53% of the company’s stock.

About CVB Financial

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank that provides banking, lending, and investment services. It operates in two segments, Banking Centers; and Dairy & Livestock and Agribusiness. The company offers checking, savings, and money market accounts, as well as time certificates of deposit; and serves as a federal tax depository for business customers.

Featured Article: What is a put option?

Analyst Recommendations for CVB Financial (NASDAQ:CVBF)

Receive News & Ratings for CVB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVB Financial and related companies with MarketBeat.com's FREE daily email newsletter.