CVB Financial (NASDAQ:CVBF) will be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect CVB Financial to post earnings of $0.34 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
CVB Financial (NASDAQ:CVBF) last released its quarterly earnings data on Wednesday, January 23rd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.03). The company had revenue of $123.77 million for the quarter, compared to the consensus estimate of $116.78 million. CVB Financial had a return on equity of 10.45% and a net margin of 37.50%. During the same period last year, the company earned $0.28 EPS. On average, analysts expect CVB Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
CVBF stock opened at $21.02 on Tuesday. The stock has a market cap of $2.94 billion, a PE ratio of 16.95, a P/E/G ratio of 1.53 and a beta of 1.16. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.01. CVB Financial has a 1 year low of $19.21 and a 1 year high of $24.97.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Saturday, April 6th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, April 4th. This is a boost from CVB Financial’s previous quarterly dividend of $0.14. CVB Financial’s dividend payout ratio is 58.06%.
A number of research firms have recently issued reports on CVBF. Zacks Investment Research cut shares of CVB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. Piper Jaffray Companies raised shares of CVB Financial from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $23.00 to $25.00 in a research report on Monday, January 7th. BidaskClub cut shares of CVB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. Finally, FIG Partners cut shares of CVB Financial from an “outperform” rating to a “market-perform” rating in a research report on Thursday, January 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $24.90.
CVB Financial Company Profile
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.
Further Reading: Special Dividends
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