Positive Press Coverage Somewhat Unlikely to Impact CVB Financial Corporation (CVBF) Share Price
News articles about CVB Financial Corporation (NASDAQ:CVBF) have trended positive on Saturday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CVB Financial Corporation earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.679083775633 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of brokerages have recently weighed in on CVBF. ValuEngine cut shares of CVB Financial Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Piper Jaffray Companies restated a “hold” rating on shares of CVB Financial Corporation in a report on Friday, October 6th. Zacks Investment Research lowered shares of CVB Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday. Keefe, Bruyette & Woods set a $23.00 price objective on shares of CVB Financial Corporation and gave the stock a “hold” rating in a report on Tuesday, July 4th. Finally, BidaskClub upgraded shares of CVB Financial Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.60.
Shares of CVB Financial Corporation (NASDAQ:CVBF) traded up 0.30% during midday trading on Friday, reaching $23.49. 401,426 shares of the company’s stock traded hands. The company has a 50 day moving average of $22.15 and a 200 day moving average of $21.65. CVB Financial Corporation has a 52-week low of $16.32 and a 52-week high of $25.25. The firm has a market cap of $2.59 billion, a PE ratio of 23.35 and a beta of 1.57.
CVB Financial Corporation (NASDAQ:CVBF) last released its earnings results on Wednesday, July 19th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The company had revenue of $81.26 million during the quarter, compared to analyst estimates of $80.10 million. CVB Financial Corporation had a net margin of 35.33% and a return on equity of 10.67%. During the same period in the prior year, the firm posted $0.23 EPS. On average, equities analysts predict that CVB Financial Corporation will post $1.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Wednesday, October 4th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.38%. The ex-dividend date is Tuesday, October 3rd. CVB Financial Corporation’s dividend payout ratio is 56.00%.
In other news, Director Anna Kan bought 4,660 shares of CVB Financial Corporation stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average cost of $21.50 per share, with a total value of $100,190.00. Following the acquisition, the director now owns 17,660 shares of the company’s stock, valued at approximately $379,690. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 7.00% of the company’s stock.
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CVB Financial Corporation Company Profile
CVB Financial Corp. (CVB) is the bank holding company for Citizens Business Bank (the Bank). The Bank operates through two segments: Business Financial and Commercial Banking Centers (Centers), and Other Operations. The Company’s administrative and other smaller operating departments are combined into the Other segment.
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