CVB Financial Corp. (NASDAQ:CVBF) Expected to Earn FY2022 Earnings of $1.55 Per Share

CVB Financial Corp. (NASDAQ:CVBFGet Rating) – Equities research analysts at DA Davidson reduced their FY2022 earnings per share (EPS) estimates for CVB Financial in a report issued on Monday, April 25th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $1.55 per share for the year, down from their previous forecast of $1.58. DA Davidson also issued estimates for CVB Financial’s FY2023 earnings at $1.86 EPS.

CVBF has been the subject of a number of other research reports. Zacks Investment Research downgraded CVB Financial from a “buy” rating to a “hold” rating in a research note on Monday, April 11th. StockNews.com raised shares of CVB Financial from a “sell” rating to a “hold” rating in a research report on Monday.

CVBF stock opened at $23.50 on Wednesday. The company has a market capitalization of $3.33 billion, a P/E ratio of 16.67 and a beta of 0.40. CVB Financial has a 52-week low of $18.72 and a 52-week high of $24.37. The business has a 50-day simple moving average of $23.34 and a two-hundred day simple moving average of $22.05.

CVB Financial (NASDAQ:CVBFGet Rating) last issued its earnings results on Wednesday, April 20th. The financial services provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The company had revenue of $124.10 million during the quarter, compared to the consensus estimate of $120.00 million. CVB Financial had a return on equity of 9.20% and a net margin of 40.95%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $0.47 EPS.

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 20th. Shareholders of record on Wednesday, April 6th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, April 5th. This represents a $0.72 annualized dividend and a dividend yield of 3.06%. CVB Financial’s dividend payout ratio is currently 51.06%.

In other CVB Financial news, CAO Francene Lapoint sold 5,000 shares of CVB Financial stock in a transaction that occurred on Tuesday, February 8th. The shares were sold at an average price of $23.39, for a total transaction of $116,950.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.70% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. River Oaks Capital LLC bought a new stake in shares of CVB Financial in the 1st quarter worth approximately $40,000. Covestor Ltd bought a new stake in shares of CVB Financial in the 4th quarter worth approximately $57,000. Point72 Hong Kong Ltd raised its holdings in shares of CVB Financial by 108.5% in the 3rd quarter. Point72 Hong Kong Ltd now owns 3,718 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 1,935 shares during the period. US Asset Management LLC bought a new stake in shares of CVB Financial in the 1st quarter worth approximately $128,000. Finally, Fieldpoint Private Securities LLC raised its holdings in shares of CVB Financial by 10,290.0% in the 4th quarter. Fieldpoint Private Securities LLC now owns 6,234 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 6,174 shares during the period. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

About CVB Financial (Get Rating)

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.

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Earnings History and Estimates for CVB Financial (NASDAQ:CVBF)

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