Stephens Reiterates “Equal Weight” Rating for CVB Financial (NASDAQ:CVBF)

CVB Financial (NASDAQ:CVBF)‘s stock had its “equal weight” rating reaffirmed by research analysts at Stephens in a research note issued on Thursday,Benzinga reports. They presently have a $25.00 price target on the financial services provider’s stock. Stephens’ target price indicates a potential upside of 20.83% from the stock’s previous close.

CVBF has been the subject of several other reports. Piper Sandler lowered their price objective 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. Wedbush reissued a “neutral” rating and set a $20.00 target price on shares of CVB Financial in a report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods increased their price target on CVB Financial from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.60.

CVB Financial Trading Up 0.1 %

CVBF stock opened at $20.69 on Thursday. CVB Financial has a 1 year low of $15.71 and a 1 year high of $24.58. The stock has a 50-day moving average price of $22.02 and a two-hundred day moving average price of $19.74. The stock has a market cap of $2.89 billion, a PE ratio of 14.37 and a beta of 0.50.

CVB Financial (NASDAQ:CVBF) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. CVB Financial had a net margin of 29.32% and a return on equity of 9.41%. On average, analysts forecast that CVB Financial will post 1.4 earnings per share for the current fiscal year.

Institutional Trading of CVB Financial

Several large investors have recently bought and sold shares of the company. Natixis Advisors LLC increased its position in CVB Financial by 2.1% during the third quarter. Natixis Advisors LLC now owns 26,583 shares of the financial services provider’s stock valued at $474,000 after acquiring an additional 545 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of CVB Financial by 5.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,538 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 748 shares during the period. GAMMA Investing LLC raised its position in shares of CVB Financial by 21.7% during the third quarter. GAMMA Investing LLC now owns 4,367 shares of the financial services provider’s stock valued at $78,000 after buying an additional 780 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in CVB Financial by 4.7% in the 3rd quarter. AlphaMark Advisors LLC now owns 19,179 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 859 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in CVB Financial by 17.7% during the 4th quarter. Blue Trust Inc. now owns 6,108 shares of the financial services provider’s stock valued at $131,000 after buying an additional 918 shares in the last quarter. 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.