Equities analysts expect CVB Financial Corp. (NASDAQ:CVBF) to announce sales of $99.34 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for CVB Financial’s earnings. The lowest sales estimate is $83.00 million and the highest is $108.00 million. CVB Financial posted sales of $81.78 million in the same quarter last year, which would indicate a positive year over year growth rate of 21.5%. The company is expected to issue its next quarterly earnings report on Wednesday, October 17th.

On average, analysts expect that CVB Financial will report full-year sales of $380.30 million for the current financial year, with estimates ranging from $364.00 million to $392.40 million. For the next year, analysts expect that the company will post sales of $483.00 million per share, with estimates ranging from $462.00 million to $498.80 million. Zacks’ sales averages are an average based on a survey of research firms that cover CVB Financial.

CVB Financial (NASDAQ:CVBF) last posted its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. CVB Financial had a net margin of 34.66% and a return on equity of 12.20%. The company had revenue of $82.38 million during the quarter, compared to analyst estimates of $81.70 million. During the same period in the prior year, the firm earned $0.26 earnings per share.

A number of analysts have commented on the stock. BidaskClub raised shares of CVB Financial from a “hold” rating to a “buy” rating in a research note on Friday, June 8th. Zacks Investment Research raised shares of CVB Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Hovde Group set a $25.00 price target on shares of CVB Financial and gave the stock a “hold” rating in a research report on Monday, July 23rd. Piper Jaffray Companies set a $25.00 price target on shares of CVB Financial and gave the stock a “hold” rating in a research report on Monday, July 30th. Finally, Wedbush reissued a “neutral” rating on shares of CVB Financial in a research report on Monday, July 16th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $25.10.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. lifted its position in shares of CVB Financial by 15.9% in the second quarter. Victory Capital Management Inc. now owns 17,540 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 2,406 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of CVB Financial by 1.6% in the first quarter. Prudential Financial Inc. now owns 172,163 shares of the financial services provider’s stock worth $3,898,000 after purchasing an additional 2,700 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of CVB Financial by 2.0% in the first quarter. Great West Life Assurance Co. Can now owns 137,363 shares of the financial services provider’s stock worth $3,110,000 after purchasing an additional 2,746 shares in the last quarter. First Trust Advisors LP lifted its position in shares of CVB Financial by 1.8% in the second quarter. First Trust Advisors LP now owns 156,178 shares of the financial services provider’s stock worth $3,502,000 after purchasing an additional 2,782 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of CVB Financial by 2.1% in the second quarter. California Public Employees Retirement System now owns 141,106 shares of the financial services provider’s stock worth $3,164,000 after purchasing an additional 2,915 shares in the last quarter. 69.07% of the stock is owned by institutional investors and hedge funds.

CVBF stock opened at $24.50 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.02. CVB Financial has a one year low of $19.58 and a one year high of $25.49. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.98 and a beta of 1.38.

CVB Financial Company Profile

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.

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Earnings History and Estimates for CVB Financial (NASDAQ:CVBF)

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