CVB Financial Corp. (NASDAQ:CVBF) Receives $21.80 Consensus Target Price from Analysts

CVB Financial Corp. (NASDAQ:CVBF) has been given a consensus rating of “Hold” by the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $22.60.

A number of research analysts recently weighed in on CVBF shares. Piper Sandler decreased 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. Keefe, Bruyette & Woods lifted their target price on CVB Financial from $23.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Wedbush reaffirmed a “neutral” rating and set a $20.00 target price on shares of CVB Financial in a report on Thursday, October 24th. Finally, Stephens reaffirmed an “equal weight” rating and set a $25.00 target price on shares of CVB Financial in a report on Thursday.

Institutional Trading of CVB Financial

A number of institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of CVB Financial in the third quarter valued at approximately $27,000. GAMMA Investing LLC lifted its position in shares of CVB Financial by 21.7% during the 3rd quarter. GAMMA Investing LLC now owns 4,367 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 780 shares during the period. SG Americas Securities LLC acquired a new stake in shares of CVB Financial during the 3rd quarter worth $107,000. KBC Group NV increased its position in shares of CVB Financial by 35.0% in the fourth quarter. KBC Group NV now owns 6,005 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 1,556 shares during the period. Finally, Blue Trust Inc. raised its stake in CVB Financial by 17.7% in the fourth quarter. Blue Trust Inc. now owns 6,108 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 918 shares in the last quarter. Institutional investors own 74.18% of the company’s stock.

CVB Financial Stock Up 0.1 %

CVBF opened at $20.69 on Friday. CVB Financial has a 12 month low of $15.71 and a 12 month high of $24.58. The company has a fifty day simple moving average of $22.02 and a 200 day simple moving average of $19.74. The stock has a market cap of $2.89 billion, a P/E ratio of 14.37 and a beta of 0.50.

CVB Financial (NASDAQ:CVBF) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping 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, equities research analysts expect that CVB Financial will post 1.4 earnings per share for the current fiscal year.

CVB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.20 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.87%. CVB Financial’s payout ratio is presently 55.56%.

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.