FY2025 EPS Estimates for CVB Financial Raised by DA Davidson

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

CVBF has been the topic of a number of other research reports. Keefe, Bruyette & Woods lifted their price objective on shares of CVB Financial from $23.00 to $27.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Wedbush reissued a "neutral" rating and issued a $20.00 price objective on shares of CVB Financial in a research report on Thursday, October 24th. Finally, Piper Sandler reduced their target price 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, CVB Financial has an average rating of "Hold" and an average target price of $21.80.

CVB Financial Price Performance

NASDAQ CVBF traded up $0.71 during midday trading on Friday, hitting $22.00. 2,691,899 shares of the company traded hands, compared to its average volume of 836,837. The company has a market cap of $3.07 billion, a PE ratio of 15.38 and a beta of 0.49. CVB Financial has a 52 week low of $15.71 and a 52 week high of $24.58. The company's 50-day simple moving average is $21.62 and its 200-day simple moving average is $18.96.

CVB Financial (NASDAQ:CVBF - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations of $126.75 million. CVB Financial had a net margin of 28.29% and a return on equity of 9.80%. The company's revenue was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 EPS.

Institutional Trading of CVB Financial

Several large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new position in shares of CVB Financial in the third quarter worth about $8,653,000. American Century Companies Inc. increased its holdings in CVB Financial by 1.0% in the 2nd quarter. American Century Companies Inc. now owns 5,813,290 shares of the financial services provider's stock worth $100,221,000 after buying an additional 58,774 shares during the period. Citigroup Inc. raised its position in CVB Financial by 9.8% during the 3rd quarter. Citigroup Inc. now owns 264,663 shares of the financial services provider's stock worth $4,716,000 after buying an additional 23,682 shares during the last quarter. Seaside Wealth Management Inc. acquired a new stake in CVB Financial during the 2nd quarter valued at approximately $1,395,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of CVB Financial by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,952,354 shares of the financial services provider's stock valued at $88,251,000 after acquiring an additional 181,769 shares during the last quarter. Hedge funds and other institutional investors own 74.18% of the company's stock.

CVB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 3.64%. CVB Financial's dividend payout ratio (DPR) is 55.94%.

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.