NASDAQ:CVBFCVB Financial Stock Price, Forecast & News

$19.59

+0.76 (+4.04 %)

(As of 06/4/2020 04:00 PM ET)

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Today's Range

$19.28

Now: $19.59▼

$19.91

50-Day Range

$16.75

MA: $18.92▼

$21.73

52-Week Range

$14.91

Now: $19.59▼

$22.23

Volume596,600 shs

Average Volume593,743 shs

Market Capitalization$2.65 billion

P/E Ratio14.09

Dividend Yield3.68%

Beta0.67

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank that provides banking and financial products and services. The company offers checking, savings, and money market accounts, as well as time certificates of deposit; and serves as a federal tax depository for business customers. It also provides commercial lending products comprising lines of credit and other working capital financing, accounts receivable lending, and letters of credit; loans to finance the operating needs of wholesale dairy farm operations, cattle feeders, livestock raisers, and farmers; lease financing services for municipal governments; commercial real estate and construction loans that are secured by owner-occupied and investor owned properties; and consumer financing products, including automobile leasing and financing, lines of credit, credit cards, home mortgages, and home equity loans and lines of credit. In addition, the company offers various specialized services, such as cash management systems for monitoring cash flow, a credit card program for merchants, courier pick-up and delivery, payroll services, remote deposit capture, electronic funds transfer, and online account access. Further, it provides trust and investment-related services to customers through its CitizensTrust Division, such as fiduciary services, mutual funds, annuities, 401(k) plans, and individual investment accounts. The company's customers consist primarily of small to mid-sized businesses and individuals located in the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California. As of December 31, 2018, the company operated 68 banking centers and 3 trust office locations. CVB Financial Corp. was founded in 1974 and is headquartered in Ontario, California.

Beat the Market (BTM) Rank^™

1.0 Analyst's Opinion

Consensus Rating
CVB Financial has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.25, CVB Financial has a potential upside of 8.5% from its current price of $19.59.
Amount of Analyst Coverage
CVB Financial has only been the subject of 1 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
CVB Financial has received 291 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
CVB Financial has received 468 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
CVB Financial has received 61.66% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about CVB Financial and other stocks. Vote “Outperform” if you believe CVBF will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CVBF will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
CVB Financial is a leading dividend payer. It pays a dividend yield of 3.68%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
CVB Financial has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of CVB Financial is 48.65 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, CVB Financial will have a dividend payout ratio of 67.29 % next year. This indicates that CVB Financial will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CVB Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.70% of the stock of CVB Financial is held by insiders.
Percentage Held by Institutions
72.36% of the stock of CVB Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for CVB Financial are expected to decrease by -10.08% in the coming year, from $1.19 to $1.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CVB Financial is 14.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of CVB Financial is 14.09, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.97.
Price to Book Value per Share Ratio
CVB Financial has a P/B Ratio of 1.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.86 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:CVBF

Previous Symbol

CUSIP12660010

CIK354647

Webwww.cbbank.com

Phone909-980-4030

Debt

Debt-to-Equity Ratio0.01

Current Ratio0.86

Quick Ratio0.86

Price-To-Earnings

Trailing P/E Ratio14.09

Forward P/E Ratio16.46

P/E GrowthN/A

Sales & Book Value

Annual Sales$516.89 million

Price / Sales5.14

Cash Flow$1.71 per share

Price / Cash Flow11.43

Book Value$14.23 per share

Price / Book1.38

Profitability

EPS (Most Recent Fiscal Year)$1.48

Net Income$207.83 million

Net Margins38.52%

Return on Equity9.91%

Return on Assets1.71%

Miscellaneous

EmployeesN/A

Outstanding Shares135,510,000

Market Cap$2.65 billion

Next Earnings Date7/22/2020 (Estimated)

OptionableOptionable

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CVB Financial (NASDAQ:CVBF) Frequently Asked Questions

How has CVB Financial's stock been impacted by COVID-19 (Coronavirus)?

CVB Financial's stock was trading at $16.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CVBF shares have increased by 19.5% and is now trading at $19.59. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of CVB Financial?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CVB Financial in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for CVB Financial.

When is CVB Financial's next earnings date?

CVB Financial is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for CVB Financial.

How were CVB Financial's earnings last quarter?

CVB Financial Corp. (NASDAQ:CVBF) announced its quarterly earnings results on Wednesday, April, 22nd. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.31 by $0.04. The financial services provider earned $101.95 million during the quarter, compared to analyst estimates of $114.73 million. CVB Financial had a return on equity of 9.91% and a net margin of 38.52%. CVB Financial's revenue for the quarter was down 18.0% on a year-over-year basis. During the same period last year, the firm posted $0.37 earnings per share. View CVB Financial's earnings history.

How often does CVB Financial pay dividends? What is the dividend yield for CVB Financial?

CVB Financial declared a quarterly dividend on Wednesday, March 25th. Investors of record on Wednesday, April 8th will be given a dividend of $0.18 per share on Wednesday, April 22nd. This represents a $0.72 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Tuesday, April 7th. View CVB Financial's dividend history.

What price target have analysts set for CVBF?

3 Wall Street analysts have issued 1-year price targets for CVB Financial's shares. Their forecasts range from $20.50 to $22.00. On average, they anticipate CVB Financial's share price to reach $21.25 in the next year. This suggests a possible upside of 8.5% from the stock's current price. View analysts' price targets for CVB Financial.

Has CVB Financial been receiving favorable news coverage?

Headlines about CVBF stock have trended negative this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. CVB Financial earned a media sentiment score of -2.7 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutCVB Financial.

Are investors shorting CVB Financial?

CVB Financial saw a drop in short interest in May. As of May 15th, there was short interest totaling 5,810,000 shares, a drop of 6.6% from the April 30th total of 6,220,000 shares. Based on an average trading volume of 958,300 shares, the short-interest ratio is currently 6.1 days. Approximately 4.5% of the shares of the company are short sold. View CVB Financial's Current Options Chain.

Who are some of CVB Financial's key competitors?

Some companies that are related to CVB Financial include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all competitors.

What other stocks do shareholders of CVB Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CVB Financial investors own include Pfizer (PFE), Ring Energy (REI), Ring Energy (REI), Bank of America (BAC), Cracker Barrel Old Country Store (CBRL), Gilead Sciences (GILD), General Motors (GM), Huntington Bancshares (HBAN), IBM (IBM) and Invesco (IVZ).

Who are CVB Financial's key executives?

CVB Financial's management team includes the following people:

Mr. Christopher D. Myers, Pres, CEO & Director (Age 57)
Mr. E. Allen Nicholson, Exec. VP & CFO (Age 52)
Mr. David C. Harvey, Exec. VP & COO of Citizens Bus. Bank (Age 51)
Mr. David A. Brager, Exec. VP of Sales Division - Citizens Bus. Bank (Age 51)
Mr. David F. Farnsworth, Exec. VP & Chief Credit Officer of Citizens Bus. Bank (Age 62)

What is CVB Financial's stock symbol?

CVB Financial trades on the NASDAQ under the ticker symbol "CVBF."

Who are CVB Financial's major shareholders?

CVB Financial's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.88%), State Street Corp (3.74%), Silvercrest Asset Management Group LLC (3.05%), Parallel Advisors LLC (2.87%), Champlain Investment Partners LLC (1.89%) and Bank of New York Mellon Corp (1.66%). Company insiders that own CVB Financial stock include Anna Kan, Christopher D Myers, David A Brager, Hal W Oswalt and Yamynn Deangelis. View institutional ownership trends for CVB Financial.

Which institutional investors are selling CVB Financial stock?

CVBF stock was sold by a variety of institutional investors in the last quarter, including Cliffwater LLC, Morgan Stanley, Morgan Stanley, BlackRock Inc., Bank of New York Mellon Corp, Deprince Race & Zollo Inc., Arizona State Retirement System, and Principal Financial Group Inc.. Company insiders that have sold CVB Financial company stock in the last year include Christopher D Myers, and Hal W Oswalt. View insider buying and selling activity for CVB Financial.

Which institutional investors are buying CVB Financial stock?

CVBF stock was bought by a variety of institutional investors in the last quarter, including Parallel Advisors LLC, Schroder Investment Management Group, Clearbridge Investments LLC, Wells Fargo & Company MN, State Street Corp, Boston Trust Walden Corp, Geode Capital Management LLC, and JPMorgan Chase & Co.. View insider buying and selling activity for CVB Financial.

How do I buy shares of CVB Financial?

Shares of CVBF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is CVB Financial's stock price today?

One share of CVBF stock can currently be purchased for approximately $19.59.

How big of a company is CVB Financial?

CVB Financial has a market capitalization of $2.65 billion and generates $516.89 million in revenue each year. The financial services provider earns $207.83 million in net income (profit) each year or $1.48 on an earnings per share basis.

What is CVB Financial's official website?

The official website for CVB Financial is www.cbbank.com.

How can I contact CVB Financial?

CVB Financial's mailing address is 701 N HAVEN AVE SUITE 350, ONTARIO CA, 91764. The financial services provider can be reached via phone at 909-980-4030 or via email at [email protected]

This page was last updated on 6/5/2020 by MarketBeat.com Staff