Q1 Earnings Estimate for CVB Financial Issued By DA Davidson

CVB Financial Corp. (NASDAQ:CVBF - Free Report) - Stock analysts at DA Davidson lifted their Q1 2025 earnings per share estimates for shares of CVB Financial in a research report issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings per share of $0.35 for the quarter, up from their prior forecast of $0.34. The consensus estimate for CVB Financial's current full-year earnings is $1.41 per share. DA Davidson also issued estimates for CVB Financial's FY2025 earnings at $1.49 EPS.

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

CVB Financial Stock Up 1.8 %

NASDAQ:CVBF traded up $0.30 on Thursday, reaching $17.03. The company's stock had a trading volume of 207,804 shares, compared to its average volume of 797,041. CVB Financial has a 12-month low of $15.71 and a 12-month high of $24.58. The stock has a 50 day moving average price of $19.48 and a 200 day moving average price of $20.36. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 11.80 and a beta of 0.62.

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

CVB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Wednesday, April 2nd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $0.80 annualized dividend and a dividend yield of 4.70%. CVB Financial's dividend payout ratio is presently 55.56%.

Hedge Funds Weigh In On CVB Financial

Several hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in CVB Financial by 67.2% during the third quarter. BNP Paribas Financial Markets now owns 66,195 shares of the financial services provider's stock worth $1,180,000 after purchasing an additional 26,610 shares during the period. Captrust Financial Advisors increased its stake in CVB Financial by 17.1% during the 3rd quarter. Captrust Financial Advisors now owns 71,848 shares of the financial services provider's stock worth $1,280,000 after buying an additional 10,518 shares during the period. Paloma Partners Management Co acquired a new stake in CVB Financial during the 3rd quarter worth approximately $271,000. Holocene Advisors LP boosted its position in CVB Financial by 167.1% in the 3rd quarter. Holocene Advisors LP now owns 79,844 shares of the financial services provider's stock valued at $1,423,000 after buying an additional 49,953 shares during the period. Finally, Wellington Management Group LLP acquired a new position in shares of CVB Financial in the third quarter worth $8,653,000. 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.