CVB Financial (NASDAQ:CVBF) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

A number of other equities research analysts have also recently weighed in on CVBF. Zacks Investment Research upgraded CVB Financial from a “sell” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Tuesday, January 2nd. Sandler O’Neill restated a “hold” rating and issued a $24.00 price target on shares of CVB Financial in a report on Thursday, January 4th. ValuEngine upgraded CVB Financial from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Finally, Piper Jaffray Companies restated a “hold” rating on shares of CVB Financial in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $23.17.

CVB Financial (NASDAQ:CVBF) opened at $23.45 on Tuesday. The stock has a market capitalization of $2,583.18, a P/E ratio of 22.55, a PEG ratio of 2.11 and a beta of 1.50. CVB Financial has a one year low of $19.58 and a one year high of $25.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 0.69.

CVB Financial (NASDAQ:CVBF) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. The business had revenue of $81.78 million during the quarter, compared to the consensus estimate of $81.78 million. CVB Financial had a return on equity of 10.89% and a net margin of 35.60%. During the same period in the prior year, the business posted $0.23 EPS. research analysts anticipate that CVB Financial will post 1.06 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVBF. Riverhead Capital Management LLC grew its holdings in shares of CVB Financial by 54.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,491 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 2,291 shares during the period. D.A. Davidson & CO. grew its holdings in shares of CVB Financial by 29.3% in the 2nd quarter. D.A. Davidson & CO. now owns 7,056 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 1,600 shares during the period. Victory Capital Management Inc. grew its holdings in shares of CVB Financial by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,384 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 1,107 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of CVB Financial in the 3rd quarter worth approximately $205,000. Finally, Teacher Retirement System of Texas acquired a new stake in CVB Financial during the 3rd quarter valued at $207,000. Institutional investors and hedge funds own 69.36% of the company’s stock.

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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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