CVB Financial Corp. (NASDAQ:CVBF) has received a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $23.33.

A number of equities analysts recently commented on the company. Zacks Investment Research downgraded CVB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Janney Montgomery Scott downgraded CVB Financial from a “buy” rating to a “neutral” rating and set a $22.00 target price for the company. in a report on Friday, July 19th. ValuEngine upgraded CVB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, BidaskClub upgraded CVB Financial from a “hold” rating to a “buy” rating in a report on Thursday.

In other CVB Financial news, CEO Christopher D. Myers sold 16,500 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $21.16, for a total value of $349,140.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.50% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE increased its holdings in shares of CVB Financial by 1.9% during the second quarter. US Bancorp DE now owns 27,986 shares of the financial services provider’s stock valued at $588,000 after acquiring an additional 515 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of CVB Financial by 1.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 30,560 shares of the financial services provider’s stock valued at $643,000 after acquiring an additional 530 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of CVB Financial by 2.0% during the third quarter. Nisa Investment Advisors LLC now owns 26,520 shares of the financial services provider’s stock valued at $553,000 after acquiring an additional 530 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of CVB Financial by 1.8% during the third quarter. Envestnet Asset Management Inc. now owns 30,807 shares of the financial services provider’s stock valued at $643,000 after acquiring an additional 558 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of CVB Financial by 1.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 40,375 shares of the financial services provider’s stock valued at $849,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 64.46% of the company’s stock.

Shares of NASDAQ CVBF traded down $0.01 during midday trading on Monday, hitting $21.50. 417,900 shares of the company’s stock were exchanged, compared to its average volume of 573,364. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 17.34 and a beta of 1.05. The business’s fifty day moving average price is $20.89 and its two-hundred day moving average price is $21.01. CVB Financial has a 12-month low of $19.21 and a 12-month high of $23.51.

CVB Financial (NASDAQ:CVBF) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $120.10 million for the quarter, compared to the consensus estimate of $122.35 million. CVB Financial had a net margin of 38.37% and a return on equity of 10.45%. CVB Financial’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 EPS. Equities analysts expect that CVB Financial will post 1.47 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Wednesday, October 2nd were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.72 dividend on an annualized basis and a yield of 3.35%. CVB Financial’s dividend payout ratio (DPR) is 58.06%.

About CVB Financial

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank that provides banking and financial products and services. 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.

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