CVB Financial Corporation (NASDAQ:CVBF)‘s stock had its “hold” rating reiterated by equities researchers at Piper Jaffray Companies in a note issued to investors on Friday. They currently have a $23.00 price objective on the financial services provider’s stock. Piper Jaffray Companies’ price target would suggest a potential upside of 11.11% from the company’s current price.

A number of other brokerages have also recently commented on CVBF. Keefe, Bruyette & Woods set a $23.00 target price on shares of CVB Financial Corporation and gave the company a “hold” rating in a report on Tuesday, July 4th. Zacks Investment Research cut shares of CVB Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub raised shares of CVB Financial Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Wedbush reaffirmed a “neutral” rating and set a $22.00 target price on shares of CVB Financial Corporation in a report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $21.83.

CVB Financial Corporation (NASDAQ:CVBF) traded up 1.184% on Friday, reaching $20.945. 136,785 shares of the company traded hands. CVB Financial Corporation has a 1-year low of $16.32 and a 1-year high of $24.63. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 20.820 and a beta of 1.51. The stock’s 50-day moving average is $21.28 and its 200-day moving average is $21.81.

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

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In other CVB Financial Corporation news, Director Anna Kan bought 4,660 shares of CVB Financial Corporation stock in a transaction on Thursday, August 3rd. The stock was acquired at an average cost of $21.50 per share, with a total value of $100,190.00. Following the completion of the acquisition, the director now owns 17,660 shares in the company, valued at $379,690. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in CVB Financial Corporation by 48,056.5% in the first quarter. BlackRock Inc. now owns 12,385,851 shares of the financial services provider’s stock worth $273,605,000 after buying an additional 12,360,131 shares during the last quarter. Vanguard Group Inc. raised its position in CVB Financial Corporation by 3.9% in the second quarter. Vanguard Group Inc. now owns 9,771,495 shares of the financial services provider’s stock worth $219,175,000 after buying an additional 365,996 shares during the last quarter. FMR LLC raised its position in CVB Financial Corporation by 0.6% in the first quarter. FMR LLC now owns 7,865,043 shares of the financial services provider’s stock worth $173,739,000 after buying an additional 43,133 shares during the last quarter. State Street Corp raised its position in CVB Financial Corporation by 17.8% in the first quarter. State Street Corp now owns 3,870,952 shares of the financial services provider’s stock worth $85,508,000 after buying an additional 586,205 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in CVB Financial Corporation by 7.8% in the second quarter. Goldman Sachs Group Inc. now owns 3,778,792 shares of the financial services provider’s stock worth $84,759,000 after buying an additional 274,617 shares during the last quarter. Institutional investors and hedge funds own 67.59% of the company’s stock.

About CVB Financial Corporation

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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