CVB Financial (CVBF) Set to Announce Earnings on Wednesday

CVB Financial (NASDAQ:CVBF) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, April 18th. Analysts expect CVB Financial to post earnings of $0.30 per share for the quarter.

CVB Financial (NASDAQ:CVBF) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $83.86 million during the quarter, compared to the consensus estimate of $82.00 million. CVB Financial had a net margin of 31.70% and a return on equity of 11.06%. During the same quarter in the prior year, the firm earned $0.25 EPS. On average, analysts expect CVB Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

How to Become a New Pot Stock Millionaire

Shares of CVBF opened at $22.45 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $2,517.21, a PE ratio of 20.98, a P/E/G ratio of 1.86 and a beta of 1.38. CVB Financial has a 52-week low of $19.58 and a 52-week high of $25.49.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Thursday, April 5th will be issued a $0.14 dividend. The ex-dividend date is Wednesday, April 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.49%. CVB Financial’s dividend payout ratio is presently 52.34%.

CVBF has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of CVB Financial from a “hold” rating to a “sell” rating in a report on Monday, December 25th. Sandler O’Neill reiterated a “hold” rating and issued a $24.00 price target on shares of CVB Financial in a report on Thursday, January 4th. BidaskClub downgraded shares of CVB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Hovde Group set a $25.00 price target on shares of CVB Financial and gave the company a “hold” rating in a report on Wednesday, February 28th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $26.00 price target on shares of CVB Financial in a report on Thursday, March 1st. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. CVB Financial presently has a consensus rating of “Hold” and a consensus target price of $24.17.

In other news, CEO Christopher D. Myers sold 20,000 shares of the stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $23.85, for a total value of $477,000.00. Following the completion of the transaction, the chief executive officer now owns 327,336 shares in the company, valued at approximately $7,806,963.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.00% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at

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 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's FREE daily email newsletter.

Leave a Reply