FY2025 EPS Estimates for CVB Financial Corp. (NASDAQ:CVBF) Reduced by Analyst

CVB Financial Corp. (NASDAQ:CVBF - Free Report) - Wedbush lowered their FY2025 EPS estimates for shares of CVB Financial in a research note issued on Thursday, April 25th. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will post earnings of $1.55 per share for the year, down from their prior estimate of $1.65. Wedbush has a "Neutral" rating and a $19.00 price objective on the stock. The consensus estimate for CVB Financial's current full-year earnings is $1.41 per share.

A number of other equities research analysts have also issued reports on CVBF. Stephens reiterated an "equal weight" rating and issued a $20.00 price target on shares of CVB Financial in a research note on Thursday. Hovde Group downgraded shares of CVB Financial from an "outperform" rating to a "market perform" rating and set a $18.00 price objective for the company. in a report on Monday, April 22nd. Keefe, Bruyette & Woods dropped their price objective on shares of CVB Financial from $20.00 to $19.00 and set a "market perform" rating for the company in a report on Friday. Finally, StockNews.com raised shares of CVB Financial to a "sell" rating in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, CVB Financial presently has an average rating of "Hold" and an average price target of $19.00.

CVB Financial Stock Down 0.1 %

CVBF traded down $0.02 during mid-day trading on Monday, reaching $16.46. 704,751 shares of the company traded hands, compared to its average volume of 901,143. The stock has a market capitalization of $2.30 billion, a P/E ratio of 10.92 and a beta of 0.46. The company's fifty day moving average price is $16.98 and its 200-day moving average price is $17.71. CVB Financial has a 52-week low of $10.66 and a 52-week high of $21.77.

CVB Financial (NASDAQ:CVBF - Get Free Report) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $0.35 earnings per share for the quarter, meeting analysts' consensus estimates of $0.35. The business had revenue of $126.57 million during the quarter, compared to analyst estimates of $127.46 million. CVB Financial had a net margin of 30.93% and a return on equity of 10.84%. The company's quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 EPS.

CVB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Wednesday, April 3rd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date was Tuesday, April 2nd. CVB Financial's payout ratio is 52.63%.

Insider Activity at CVB Financial

In other CVB Financial news, CFO E Allen Nicholson purchased 2,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average price of $16.77 per share, with a total value of $33,540.00. Following the acquisition, the chief financial officer now owns 92,310 shares in the company, valued at $1,548,038.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO E Allen Nicholson acquired 2,000 shares of the business's stock in a transaction on Thursday, February 1st. The shares were acquired at an average price of $16.77 per share, for a total transaction of $33,540.00. Following the completion of the transaction, the chief financial officer now directly owns 92,310 shares of the company's stock, valued at approximately $1,548,038.70. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director George A. Borba, Jr. acquired 59,601 shares of the business's stock in a transaction on Tuesday, February 6th. The shares were purchased at an average price of $16.78 per share, for a total transaction of $1,000,104.78. Following the transaction, the director now directly owns 626,311 shares of the company's stock, valued at $10,509,498.58. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 63,601 shares of company stock valued at $1,067,145. Insiders own 6.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Diversified Trust Co increased its position in CVB Financial by 6.5% during the first quarter. Diversified Trust Co now owns 39,480 shares of the financial services provider's stock valued at $704,000 after acquiring an additional 2,394 shares during the last quarter. Vanguard Group Inc. increased its position in CVB Financial by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 15,701,547 shares of the financial services provider's stock valued at $317,014,000 after acquiring an additional 176,694 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of CVB Financial by 104.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,897,667 shares of the financial services provider's stock valued at $78,694,000 after purchasing an additional 1,994,369 shares during the period. Woodward Diversified Capital LLC purchased a new stake in shares of CVB Financial during the fourth quarter valued at $392,000. Finally, Schroder Investment Management Group boosted its stake in shares of CVB Financial by 12.5% during the fourth quarter. Schroder Investment Management Group now owns 863,044 shares of the financial services provider's stock valued at $17,425,000 after purchasing an additional 95,970 shares during the period. Institutional investors own 74.18% of the company's stock.

CVB Financial Company Profile

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.