CVB Financial Corporation (NASDAQ:CVBF) – Equities research analysts at Wedbush cut their Q4 2018 earnings estimates for shares of CVB Financial Corporation in a research report issued to clients and investors on Monday. Wedbush analyst D. Chiaverini now anticipates that the financial services provider will post earnings per share of $0.28 for the quarter, down from their prior forecast of $0.29. Wedbush has a “Neutral” rating and a $22.00 price objective on the stock.

CVBF has been the subject of several other research reports. Zacks Investment Research lowered shares of CVB Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. ValuEngine raised shares of CVB Financial Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Piper Jaffray Companies reissued a “hold” rating on shares of CVB Financial Corporation in a report on Friday, October 6th. BidaskClub raised shares of CVB Financial Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Keefe, Bruyette & Woods set a $23.00 price target on shares of CVB Financial Corporation and gave the company a “hold” rating in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $23.20.

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CVB Financial Corporation (NASDAQ CVBF) traded down 0.71% during mid-day trading on Tuesday, hitting $23.91. The stock had a trading volume of 277,832 shares. The company has a market cap of $2.63 billion, a P/E ratio of 23.77 and a beta of 1.57. CVB Financial Corporation has a 1-year low of $16.32 and a 1-year high of $25.25. The company has a 50-day moving average price of $22.70 and a 200 day moving average price of $21.77.

CVB Financial Corporation (NASDAQ:CVBF) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. CVB Financial Corporation had a return on equity of 10.89% and a net margin of 35.60%. The company had revenue of $81.78 million during the quarter, compared to the consensus estimate of $81.78 million. During the same quarter in the prior year, the firm earned $0.23 EPS.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Stockholders of record on Wednesday, October 4th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Tuesday, October 3rd. CVB Financial Corporation’s dividend payout ratio (DPR) is 53.85%.

In other news, Director Anna Kan purchased 4,660 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of $21.50 per share, with a total value of $100,190.00. Following the acquisition, the director now directly owns 17,660 shares of the company’s stock, valued at $379,690. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.00% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio lifted its position in CVB Financial Corporation by 12.5% in the 2nd quarter. Strs Ohio now owns 4,500 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 500 shares in the last quarter. Cutler Capital Management LLC lifted its position in CVB Financial Corporation by 10.3% in the 2nd quarter. Cutler Capital Management LLC now owns 6,000 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 558 shares in the last quarter. Riverhead Capital Management LLC lifted its position in CVB Financial Corporation by 54.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,491 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 2,291 shares in the last quarter. D.A. Davidson & CO. lifted its position in CVB Financial Corporation by 29.3% in the 2nd quarter. D.A. Davidson & CO. now owns 7,056 shares of the financial services provider’s stock valued at $158,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Gradient Investments LLC lifted its position in CVB Financial Corporation by 9.0% in the 2nd quarter. Gradient Investments LLC now owns 7,302 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 600 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for CVB Financial Corporation (NASDAQ:CVBF)

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