CVB Financial (NASDAQ:CVBF) Given Equal Weight Rating at Stephens

CVB Financial (NASDAQ:CVBF - Get Free Report)'s stock had its "equal weight" rating restated by equities research analysts at Stephens in a research report issued on Thursday,Benzinga reports. They presently have a $25.00 price objective on the financial services provider's stock. Stephens' target price suggests a potential upside of 20.83% from the company's current price.

CVBF has been the subject of several other reports. Piper Sandler decreased their price target on shares of CVB Financial from $25.00 to $23.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. Keefe, Bruyette & Woods increased their price objective on CVB Financial from $23.00 to $27.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Finally, Wedbush reaffirmed a "neutral" rating and set a $20.00 target price on shares of CVB Financial in a report on Thursday, October 24th. 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.com, the company presently has a consensus rating of "Hold" and an average target price of $22.60.

CVB Financial Stock Up 0.1 %

Shares of NASDAQ:CVBF traded up $0.03 during trading on Thursday, hitting $20.69. 834,300 shares of the company were exchanged, compared to its average volume of 831,813. CVB Financial has a 1-year low of $15.71 and a 1-year high of $24.58. The company has a market capitalization of $2.89 billion, a P/E ratio of 14.37 and a beta of 0.50. The business's 50 day moving average is $22.02 and its 200-day moving average is $19.74.

CVB Financial (NASDAQ:CVBF - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. CVB Financial had a return on equity of 9.41% and a net margin of 29.32%. As a group, sell-side analysts anticipate that CVB Financial will post 1.4 earnings per share for the current year.

Institutional Investors Weigh In On CVB Financial

Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired 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 position in CVB Financial in the third quarter worth approximately $4,455,000. Charles Schwab Investment Management Inc. grew its stake in 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 valued at $88,251,000 after acquiring an additional 181,769 shares during the period. Barclays PLC increased its holdings in shares of CVB Financial by 79.5% during 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 in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of CVB Financial by 87.6% during the third quarter. Thrivent Financial for Lutherans now owns 213,159 shares of the financial services provider's stock worth $3,798,000 after purchasing an additional 99,554 shares during the period. Institutional investors and hedge funds 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.