CVB Financial Corp. (NASDAQ:CVBF) has been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $24.25.

CVBF has been the subject of several recent research reports. Zacks Investment Research raised CVB Financial from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Monday, March 5th. Sandler O’Neill reaffirmed a “hold” rating and issued a $24.00 price target on shares of CVB Financial in a report on Thursday, January 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $26.00 price target on shares of CVB Financial in a report on Thursday, March 1st. Hovde Group set a $25.00 price target on CVB Financial and gave the company a “hold” rating in a report on Wednesday, February 28th. Finally, BidaskClub raised CVB Financial from a “sell” rating to a “hold” rating in a report on Saturday, February 10th.

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In related news, CEO Christopher D. Myers sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was 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 directly owns 327,336 shares in the company, valued at $7,806,963.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 7.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of CVBF. Crossmark Global Holdings Inc. purchased a new position in CVB Financial in the third quarter worth approximately $385,000. Victory Capital Management Inc. boosted its position in shares of CVB Financial by 36.5% during the third quarter. Victory Capital Management Inc. now owns 10,082 shares of the financial services provider’s stock worth $244,000 after buying an additional 2,698 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of CVB Financial by 77.7% during the third quarter. BNP Paribas Arbitrage SA now owns 57,117 shares of the financial services provider’s stock worth $1,381,000 after buying an additional 24,971 shares during the period. CIBC Asset Management Inc purchased a new position in shares of CVB Financial during the third quarter worth $205,000. Finally, New York State Common Retirement Fund boosted its position in shares of CVB Financial by 78.0% during the third quarter. New York State Common Retirement Fund now owns 194,700 shares of the financial services provider’s stock worth $4,706,000 after buying an additional 85,300 shares during the period. Institutional investors own 70.00% of the company’s stock.

Shares of CVB Financial (NASDAQ:CVBF) traded up $0.10 during trading on Wednesday, hitting $24.14. The company’s stock had a trading volume of 952,375 shares, compared to its average volume of 340,772. CVB Financial has a fifty-two week low of $19.58 and a fifty-two week high of $25.49. The firm has a market capitalization of $2,648.24, a PE ratio of 25.41, a P/E/G ratio of 1.96 and a beta of 1.40. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.02.

CVB Financial (NASDAQ:CVBF) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. CVB Financial had a return on equity of 11.06% and a net margin of 31.70%. The business had revenue of $83.86 million during the quarter, compared to analysts’ expectations of $82.00 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. equities analysts forecast that CVB Financial will post 1.29 EPS for the current fiscal year.

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CVB Financial Company Profile

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.

Analyst Recommendations for CVB Financial (NASDAQ:CVBF)

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