Media coverage about CVB Financial Corporation (NASDAQ:CVBF) has been trending somewhat positive on Saturday, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CVB Financial Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 48.3711358326402 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of CVB Financial Corporation (NASDAQ:CVBF) opened at $23.87 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.67 and a current ratio of 0.69. The company has a market capitalization of $2.64 billion, a PE ratio of 23.04, a PEG ratio of 2.37 and a beta of 1.52.
CVB Financial Corporation (NASDAQ:CVBF) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $81.78 million for the quarter, compared to analyst estimates of $81.78 million. CVB Financial Corporation had a return on equity of 10.89% and a net margin of 35.60%. During the same quarter in the prior year, the company earned $0.23 earnings per share. research analysts predict that CVB Financial Corporation will post 1.07 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Wednesday, October 4th were issued a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, October 3rd. This represents a $0.56 annualized dividend and a yield of 2.35%. CVB Financial Corporation’s payout ratio is currently 53.85%.
Several research firms have weighed in on CVBF. Piper Jaffray Companies restated a “hold” rating and set a $23.00 target price on shares of CVB Financial Corporation in a report on Friday, September 1st. Zacks Investment Research downgraded shares of CVB Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. BidaskClub downgraded shares of CVB Financial Corporation from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Keefe, Bruyette & Woods restated a “hold” rating and set a $23.00 target price on shares of CVB Financial Corporation in a report on Friday, August 4th. Finally, ValuEngine upgraded shares of CVB Financial Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $23.20.
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CVB Financial Corporation Company Profile
CVB Financial Corp. (CVB) is the bank holding company for Citizens Business Bank (the Bank). The Bank operates through two segments: Business Financial and Commercial Banking Centers (Centers), and Other Operations. The Company’s administrative and other smaller operating departments are combined into the Other segment.
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