Research Analysts Issue Forecasts for CVB Financial Corporation’s FY2017 Earnings (CVBF)

CVB Financial Corporation (NASDAQ:CVBF) – Equities researchers at DA Davidson decreased their FY2017 earnings per share (EPS) estimates for CVB Financial in a note issued to investors on Friday. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $1.07 per share for the year, down from their prior estimate of $1.08. DA Davidson also issued estimates for CVB Financial’s Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.30 EPS and FY2019 earnings at $1.23 EPS.

CVB Financial (NASDAQ:CVBF) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. CVB Financial had a return on equity of 10.89% and a net margin of 35.60%. The firm had revenue of $81.78 million for the quarter, compared to analysts’ expectations of $81.78 million. During the same period in the previous year, the firm earned $0.23 earnings per share.

Several other equities analysts have also recently issued reports on the company. Zacks Investment Research cut CVB Financial from a “buy” rating to a “hold” rating in a research note on Monday. ValuEngine cut CVB Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Piper Jaffray Companies reissued a “hold” rating on shares of CVB Financial in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. CVB Financial presently has a consensus rating of “Hold” and a consensus price target of $23.20.

CVB Financial (NASDAQ CVBF) opened at $24.11 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 0.69. CVB Financial has a 12 month low of $19.58 and a 12 month high of $25.49. The stock has a market capitalization of $2,734.09, a P/E ratio of 23.86, a PEG ratio of 2.46 and a beta of 1.50.

Hedge funds have recently modified their holdings of the stock. Strs Ohio grew its stake in CVB Financial by 12.5% in the second quarter. Strs Ohio now owns 4,500 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 500 shares during the period. Riverhead Capital Management LLC grew its stake in CVB Financial by 54.5% in the second quarter. Riverhead Capital Management LLC now owns 6,491 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 2,291 shares during the period. D.A. Davidson & CO. grew its stake in CVB Financial by 29.3% in the second quarter. D.A. Davidson & CO. now owns 7,056 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 1,600 shares during the period. Victory Capital Management Inc. grew its stake in CVB Financial by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,384 shares of the financial services provider’s stock worth $166,000 after purchasing an additional 1,107 shares during the period. Finally, Bank of Montreal Can grew its stake in CVB Financial by 1.0% in the second quarter. Bank of Montreal Can now owns 8,246 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 85 shares during the period. 69.37% of the stock is currently owned by institutional investors.

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CVB Financial 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.

Earnings History and Estimates for CVB Financial (NASDAQ:CVBF)

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