CVB Financial (CVBF) Expected to Announce Earnings on Wednesday

CVB Financial (NASDAQ:CVBF - Get Free Report) is projected to issue its quarterly earnings data after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.33 per share and revenue of $124.45 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

CVB Financial (NASDAQ:CVBF - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. CVB Financial had a return on equity of 9.35% and a net margin of 29.32%. 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 Stock Performance

NASDAQ CVBF traded up $0.23 on Friday, reaching $17.70. 798,355 shares of the stock traded hands, compared to its average volume of 811,118. CVB Financial has a 12 month low of $15.75 and a 12 month high of $24.58. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 12.29 and a beta of 0.62. The company has a fifty day moving average price of $18.69 and a 200-day moving average price of $20.27.

CVB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Wednesday, April 2nd were issued a $0.20 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $0.80 annualized dividend and a dividend yield of 4.52%. CVB Financial's payout ratio is currently 55.56%.

Wall Street Analyst Weigh In

Separately, Stephens cut their target price on shares of CVB Financial from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, CVB Financial has a consensus rating of "Hold" and a consensus target price of $22.20.

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.