CVB Financial (NASDAQ:CVBF – Get Free Report) is scheduled to announce its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
CVB Financial (NASDAQ:CVBF – Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The business had revenue of $125.27 million during the quarter, compared to analyst estimates of $126.86 million. CVB Financial had a net margin of 29.58% and a return on equity of 10.41%. CVB Financial’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 earnings per share. On average, analysts expect CVB Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
CVB Financial Trading Up 1.4 %
Shares of NASDAQ CVBF opened at $19.68 on Thursday. The firm’s 50-day moving average is $17.77 and its 200-day moving average is $17.34. CVB Financial has a 1 year low of $14.62 and a 1 year high of $21.77. The firm has a market capitalization of $2.75 billion, a PE ratio of 12.95 and a beta of 0.45.
CVB Financial Announces Dividend
Analyst Ratings Changes
CVBF has been the subject of several recent analyst reports. Stephens upped their target price on shares of CVB Financial from $19.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Wedbush dropped their target price on CVB Financial from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Finally, Keefe, Bruyette & Woods raised shares of CVB Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $20.00 to $22.00 in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.25.
Check Out Our Latest Stock Report on CVB Financial
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.
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