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.
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.
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