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.

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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.

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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 for CVB Financial (NASDAQ:CVBF)

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