CVB Financial Corp. (NASDAQ:CVBF) Receives Average Recommendation of “Hold” from Analysts

Shares of CVB Financial Corp. (NASDAQ:CVBF) have been assigned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $22.20.

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of CVB Financial from $23.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Stephens reduced their price target on CVB Financial from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Monday, January 27th.

CVB Financial Stock Performance

Shares of NASDAQ CVBF opened at $19.44 on Friday. The stock has a 50 day moving average price of $20.44 and a 200 day moving average price of $20.24. The stock has a market capitalization of $2.71 billion, a PE ratio of 13.50 and a beta of 0.46. CVB Financial has a 52 week low of $15.71 and a 52 week high of $24.58.

CVB Financial (NASDAQ:CVBF) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. CVB Financial had a return on equity of 9.35% and a net margin of 29.32%. As a group, research analysts forecast that CVB Financial will post 1.41 EPS for the current year.

CVB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Tuesday, December 31st. CVB Financial’s payout ratio is 55.56%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Capital Research Global Investors acquired a new position in shares of CVB Financial in the fourth quarter valued at approximately $94,382,000. Massachusetts Financial Services Co. MA bought a new stake in CVB Financial in the 4th quarter valued at $31,064,000. Norges Bank acquired a new position in CVB Financial in the 4th quarter valued at $27,724,000. Victory Capital Management Inc. increased its position in CVB Financial by 210.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,487,997 shares of the financial services provider’s stock worth $31,858,000 after buying an additional 1,009,146 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in shares of CVB Financial during the third quarter worth $8,653,000. 74.18% of the stock is owned by institutional investors.

CVB Financial Company Profile

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. It offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers.