BidaskClub lowered shares of CVB Financial Corporation (NASDAQ:CVBF) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday.

Several other brokerages have also commented on CVBF. Zacks Investment Research lowered CVB Financial Corporation from a buy rating to a hold rating in a research note on Tuesday, July 4th. Hovde Group raised CVB Financial Corporation from an underperform rating to a market perform rating and set a $21.00 price target on the stock in a research note on Friday, May 19th. Piper Jaffray Companies decreased their price target on CVB Financial Corporation from $22.00 to $21.00 and set a neutral rating on the stock in a research note on Monday, April 17th. Keefe, Bruyette & Woods set a $23.00 price target on CVB Financial Corporation and gave the company a hold rating in a research note on Tuesday, July 4th. Finally, Wedbush reaffirmed a neutral rating and issued a $22.00 price target on shares of CVB Financial Corporation in a research note on Tuesday, June 27th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. CVB Financial Corporation presently has a consensus rating of Hold and an average price target of $21.50.

Shares of CVB Financial Corporation (CVBF) traded down 0.60% during midday trading on Tuesday, reaching $21.47. The company’s stock had a trading volume of 238,866 shares. The stock has a 50 day moving average price of $22.13 and a 200-day moving average price of $22.09. CVB Financial Corporation has a 52-week low of $16.11 and a 52-week high of $24.63. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 21.34 and a beta of 1.53.

CVB Financial Corporation (NASDAQ:CVBF) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.26 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. CVB Financial Corporation had a return on equity of 10.67% and a net margin of 35.33%. The company had revenue of $81.26 million for the quarter, compared to analyst estimates of $80.10 million. During the same quarter last year, the firm earned $0.23 EPS. Equities research analysts expect that CVB Financial Corporation will post $1.06 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Thursday, July 6th were paid a $0.14 dividend. The ex-dividend date was Monday, July 3rd. This represents a $0.56 dividend on an annualized basis and a yield of 2.61%. This is a positive change from CVB Financial Corporation’s previous quarterly dividend of $0.12. CVB Financial Corporation’s payout ratio is currently 56.00%.

In other CVB Financial Corporation news, EVP David A. Brager sold 2,000 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $22.13, for a total value of $44,260.00. Following the transaction, the executive vice president now owns 43,013 shares of the company’s stock, valued at $951,877.69. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.80% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Gamble Jones Investment Counsel increased its stake in CVB Financial Corporation by 0.6% in the second quarter. Gamble Jones Investment Counsel now owns 53,660 shares of the financial services provider’s stock worth $1,204,000 after buying an additional 300 shares during the last quarter. Texas Permanent School Fund increased its stake in CVB Financial Corporation by 2.4% in the second quarter. Texas Permanent School Fund now owns 74,784 shares of the financial services provider’s stock worth $1,677,000 after buying an additional 1,785 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in CVB Financial Corporation by 5.6% in the second quarter. Great West Life Assurance Co. Can now owns 148,085 shares of the financial services provider’s stock worth $3,320,000 after buying an additional 7,883 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in CVB Financial Corporation by 5.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 24,210 shares of the financial services provider’s stock worth $543,000 after buying an additional 1,230 shares during the last quarter. Finally, Strs Ohio increased its stake in CVB Financial Corporation by 12.5% in the second quarter. Strs Ohio now owns 4,500 shares of the financial services provider’s stock worth $100,000 after buying an additional 500 shares during the last quarter. Institutional investors own 67.95% of the company’s stock.

CVB Financial Corporation 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 Corporation (NASDAQ:CVBF)

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