News articles about CVB Financial Corporation (NASDAQ:CVBF) have trended somewhat positive on Sunday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CVB Financial Corporation earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 47.3634570526231 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Analysts Anticipate CVB Financial Corporation (CVBF) Will Announce Quarterly Sales of $81.78 Million (americanbankingnews.com)
- See what the IHS Markit Score report has to say about CVB Financial Corp. (finance.yahoo.com)
- Land This Deal Even Lower Than Director Kan Did (nasdaq.com)
- CVB Financial Corporation (CVBF) Director Anna Kan Buys 4,660 Shares (americanbankingnews.com)
CVB Financial Corporation (NASDAQ CVBF) traded down 1.10% during trading on Friday, hitting $20.62. The company had a trading volume of 212,481 shares. CVB Financial Corporation has a 1-year low of $16.32 and a 1-year high of $24.63. The company’s 50 day moving average price is $21.90 and its 200-day moving average price is $22.01. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 20.50 and a beta of 1.51.
CVB Financial Corporation (NASDAQ:CVBF) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.26 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. CVB Financial Corporation had a return on equity of 10.67% and a net margin of 35.33%. The business had revenue of $81.26 million for the quarter, compared to the consensus estimate of $80.10 million. During the same period in the previous year, the business earned $0.23 earnings per share. On average, analysts expect that CVB Financial Corporation will post $1.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Stockholders of record on Thursday, July 6th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.72%. This is an increase from CVB Financial Corporation’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, July 3rd. CVB Financial Corporation’s payout ratio is presently 56.00%.
A number of brokerages have recently commented on CVBF. Piper Jaffray Companies cut their price target on CVB Financial Corporation from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, April 17th. BidaskClub lowered CVB Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Zacks Investment Research raised CVB Financial Corporation from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Monday, July 24th. Wedbush reissued a “neutral” rating and set a $22.00 price target on shares of CVB Financial Corporation in a research note on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods set a $23.00 price target on CVB Financial Corporation and gave the company a “hold” rating in a research note on Tuesday, July 4th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $21.50.
In other CVB Financial Corporation news, Director Anna Kan acquired 4,660 shares of the stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average cost of $21.50 per share, for a total transaction of $100,190.00. Following the completion of the transaction, the director now directly owns 17,660 shares of the company’s stock, valued at $379,690. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.80% of the stock is owned by insiders.
About CVB Financial Corporation
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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