CVB Financial (CVBF) Projected to Post Earnings on Wednesday

CVB Financial (NASDAQ:CVBF) will likely be posting its quarterly earnings results before the market opens on Wednesday, January 22nd. Analysts expect CVB Financial to post earnings of $0.34 per share and revenue of $112,930.00 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

CVB Financial (NASDAQ:CVBF) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping 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 business had revenue of $126.45 million for the quarter, compared to analyst estimates of $126.75 million. During the same period in the prior year, the firm earned $0.42 earnings per share. CVB Financial’s revenue was down 8.2% on a year-over-year basis. 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 0.8 %

CVBF opened at $20.53 on Tuesday. The company has a fifty day moving average price of $22.20 and a two-hundred day moving average price of $19.67. CVB Financial has a 1-year low of $15.71 and a 1-year high of $24.58. The company has a market cap of $2.87 billion, a P/E 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 given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend was Tuesday, December 31st. CVB Financial’s payout ratio is 55.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Piper Sandler reduced their price objective on CVB Financial from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Keefe, Bruyette & Woods lifted their price target on shares of CVB Financial from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, Wedbush restated a “neutral” rating and set a $20.00 price objective on shares of CVB Financial in a report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $21.80.

About CVB Financial

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.