CVB Financial (CVBF) Expected to Announce Earnings on Wednesday

CVB Financial (NASDAQ:CVBF) is expected to issue its quarterly earnings data before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.34 per share and revenue of $112,930.00 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

CVB Financial (NASDAQ:CVBF) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. CVB Financial had a net margin of 28.29% and a return on equity of 9.80%. The company had revenue of $126.45 million during the quarter, compared to analyst estimates of $126.75 million. During the same period in the previous year, the business posted $0.42 earnings per share. The firm’s quarterly revenue was down 8.2% compared to the same quarter last year. 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 Price Performance

NASDAQ:CVBF opened at $20.53 on Monday. CVB Financial has a one year low of $15.71 and a one year high of $24.58. The business has a fifty day moving average price of $22.20 and a 200-day moving average price of $19.67. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 14.36 and a beta of 0.50.

CVB Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Tuesday, December 31st. CVB Financial’s dividend payout ratio is 55.94%.

Analyst Ratings Changes

CVBF has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their target price on CVB Financial from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Piper Sandler dropped their target price on shares of CVB Financial from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Finally, Wedbush reiterated a “neutral” rating and issued a $20.00 price target on shares of CVB Financial in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, CVB Financial has a consensus rating of “Hold” and a consensus price target of $21.80.

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.