FY2025 EPS Estimates for CVB Financial Lifted by DA Davidson

CVB Financial Corp. (NASDAQ:CVBF) – Analysts at DA Davidson lifted their FY2025 earnings estimates for shares of CVB Financial in a note issued to investors on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings per share of $1.41 for the year, up from their previous forecast of $1.40. The consensus estimate for CVB Financial’s current full-year earnings is $1.43 per share.

Other research analysts have also recently issued research reports about the company. Piper Sandler lowered their price objective on CVB Financial from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Keefe, Bruyette & Woods increased their target price on CVB Financial from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, Wedbush reissued a “neutral” rating and issued a $20.00 price objective on shares of CVB Financial in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $21.80.

CVB Financial Stock Down 0.4 %

CVB Financial stock opened at $21.29 on Friday. CVB Financial has a twelve month low of $15.71 and a twelve month high of $24.58. The company’s 50-day moving average price is $21.62 and its two-hundred day moving average price is $18.96. The stock has a market cap of $2.97 billion, a P/E ratio of 14.89 and a beta of 0.49.

CVB Financial (NASDAQ:CVBF) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. The firm had revenue of $126.45 million for the quarter, compared to analyst estimates of $126.75 million. CVB Financial had a return on equity of 9.80% and a net margin of 28.29%. The business’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 EPS.

CVB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.76%. CVB Financial’s dividend payout ratio (DPR) is currently 55.94%.

Institutional Investors Weigh In On CVB Financial

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position in shares of CVB Financial by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,649,691 shares of the financial services provider’s stock valued at $97,399,000 after acquiring an additional 816,176 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of CVB Financial during the third quarter valued at about $8,653,000. Jacobs Asset Management LLC bought a new stake in CVB Financial in the third quarter valued at approximately $4,455,000. Charles Schwab Investment Management Inc. increased its stake in shares of CVB Financial by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,952,354 shares of the financial services provider’s stock worth $88,251,000 after buying an additional 181,769 shares during the period. Finally, Barclays PLC increased its position in shares of CVB Financial by 79.5% in the third quarter. Barclays PLC now owns 291,011 shares of the financial services provider’s stock valued at $5,186,000 after acquiring an additional 128,869 shares during the period. Institutional investors own 74.18% of the company’s stock.

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.