CVB Financial (CVBF) to Release Earnings on Wednesday

CVB Financial (NASDAQ:CVBF - Get Free Report) is scheduled to announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

CVB Financial (NASDAQ:CVBF - Get Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. CVB Financial had a return on equity of 11.50% and a net margin of 33.26%. The firm had revenue of $138.52 million for the quarter, compared to analyst estimates of $134.88 million. On average, analysts expect CVB Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CVB Financial Price Performance

CVB Financial stock traded up $0.13 during trading on Thursday, reaching $15.98. 674,344 shares of the company were exchanged, compared to its average volume of 900,571. CVB Financial has a 52-week low of $10.66 and a 52-week high of $21.77. The company has a market capitalization of $2.23 billion, a P/E ratio of 10.05 and a beta of 0.46. The stock's 50 day simple moving average is $17.05 and its two-hundred day simple moving average is $17.67.

CVB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Wednesday, April 3rd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 5.01%. CVB Financial's payout ratio is 50.31%.

Insider Buying and Selling at CVB Financial

In other CVB Financial news, CEO David A. Brager bought 2,000 shares of CVB Financial stock in a transaction on Tuesday, February 6th. The shares were bought at an average price of $16.75 per share, for a total transaction of $33,500.00. Following the completion of the transaction, the chief executive officer now directly owns 152,814 shares of the company's stock, valued at $2,559,634.50. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director George A. Borba, Jr. acquired 59,601 shares of the business's stock in a transaction that occurred 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 acquisition, the director now owns 626,311 shares of the company's stock, valued at $10,509,498.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David A. Brager acquired 2,000 shares of the business's stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average price of $16.75 per share, for a total transaction of $33,500.00. Following the acquisition, the chief executive officer now directly owns 152,814 shares in the company, valued at approximately $2,559,634.50. The disclosure for this purchase can be found here. Insiders have acquired 63,601 shares of company stock worth $1,067,145 over the last quarter. 6.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CVB Financial

Several institutional investors and hedge funds have recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in CVB Financial during the 4th quarter worth $42,000. FMR LLC grew its stake in CVB Financial by 96.0% during the 2nd quarter. FMR LLC now owns 1,756 shares of the financial services provider's stock worth $44,000 after purchasing an additional 860 shares in the last quarter. Royal Bank of Canada grew its stake in CVB Financial by 277.7% during the 3rd quarter. Royal Bank of Canada now owns 2,878 shares of the financial services provider's stock worth $73,000 after purchasing an additional 2,116 shares in the last quarter. Point72 Middle East FZE acquired a new position in CVB Financial during the 4th quarter worth $92,000. Finally, Covestor Ltd grew its stake in CVB Financial by 73.9% during the 1st quarter. Covestor Ltd now owns 4,609 shares of the financial services provider's stock worth $107,000 after purchasing an additional 1,959 shares in the last quarter. Hedge funds and other institutional investors own 74.18% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CVBF. StockNews.com upgraded CVB Financial to a "sell" rating in a research report on Friday, January 5th. Keefe, Bruyette & Woods reduced their price objective on CVB Financial from $22.00 to $20.00 and set a "market perform" rating on the stock in a research report on Friday, January 26th. Finally, Wedbush reduced their price objective on CVB Financial from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $20.67.

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.