Brokerages Set CVB Financial Corp. (CVBF) Target Price at $24.25
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.
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.
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.
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.
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