CVB Financial (CVBF) Expected to Announce Quarterly Earnings on Wednesday

CVB Financial (NASDAQ:CVBF) is anticipated to announce its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.34 per share and revenue of $112,930.00 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

CVB Financial (NASDAQ:CVBF) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. CVB Financial had a return on equity of 9.80% and a net margin of 28.29%. The company had revenue of $126.45 million for the quarter, compared to the consensus estimate of $126.75 million. During the same quarter last year, the business posted $0.42 EPS. CVB Financial’s revenue for the quarter 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 %

Shares of CVBF stock opened at $20.53 on Tuesday. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 14.36 and a beta of 0.50. The business’s 50-day moving average price is $22.20 and its 200-day moving average price is $19.67. CVB Financial has a 12 month low of $15.71 and a 12 month high of $24.58.

CVB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.80 annualized dividend and a yield of 3.90%. CVB Financial’s dividend payout ratio is presently 55.94%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CVBF shares. Wedbush reaffirmed a “neutral” rating and set a $20.00 price target on shares of CVB Financial in a research note on Thursday, October 24th. Piper Sandler lowered their target price on CVB Financial from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods upped their price target on CVB Financial from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.80.

CVB Financial Company Profile

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.