CVB Financial Corporation (NASDAQ:CVBF) Announces Quarterly Dividend of $0.20

CVB Financial Corporation (NASDAQ:CVBF) declared a quarterly dividend on Wednesday, March 18th. Shareholders of record on Wednesday, April 1st will be given a dividend of 0.20 per share by the financial services provider on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, April 1st.

CVB Financial has decreased its dividend by an average of 0.0%annually over the last three years. CVB Financial has a dividend payout ratio of 51.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CVB Financial to earn $1.48 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 54.1%.

CVB Financial Price Performance

Shares of NASDAQ CVBF opened at $18.59 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.22. CVB Financial has a twelve month low of $16.01 and a twelve month high of $21.48. The stock has a 50 day moving average of $19.84 and a two-hundred day moving average of $19.49. The stock has a market cap of $2.52 billion, a P/E ratio of 12.39 and a beta of 0.67.

CVB Financial (NASDAQ:CVBF) last announced its earnings results on Thursday, January 22nd. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. The business had revenue of $133.85 million for the quarter, compared to analyst estimates of $135.45 million. CVB Financial had a net margin of 32.28% and a return on equity of 9.25%. During the same period last year, the firm posted $0.36 earnings per share. On average, research analysts forecast that CVB Financial will post 1.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CVBF shares. Wall Street Zen downgraded shares of CVB Financial from a “hold” rating to a “sell” rating in a research report on Sunday, December 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CVB Financial in a report on Monday, December 29th. Finally, DA Davidson increased their target price on shares of CVB Financial from $21.00 to $22.50 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.17.

CVB Financial Company Profile

CVB Financial Corp is the bank holding company for Citizens Business Bank, a California-based commercial bank whose operations trace back to 1974. Headquartered in Ontario, California, the company provides a broad range of banking and financial services through its community-focused branch network. As a publicly traded company on the NASDAQ under the symbol CVBF, CVB Financial oversees strategic planning, corporate governance and long-term growth initiatives for its subsidiary.

The company’s core business activities include commercial lending, real estate financing, equipment leasing and Small Business Administration (SBA) loan programs.