FY2025 Earnings Estimate for CVB Financial Corp. (NASDAQ:CVBF) Issued By Wedbush

CVB Financial Corp. (NASDAQ:CVBF) – Equities researchers at Wedbush reduced their FY2025 earnings estimates for CVB Financial in a research report issued on Thursday, April 25th. Wedbush analyst D. Chiaverini now expects that the financial services provider will post earnings per share of $1.55 for the year, down from their prior estimate of $1.65. Wedbush currently 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.

CVB Financial (NASDAQ:CVBF) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. CVB Financial had a net margin of 30.93% and a return on equity of 10.84%. The firm had revenue of $126.57 million for the quarter, compared to analysts’ expectations of $127.46 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was down 8.9% on a year-over-year basis.

CVBF has been the topic of a number of other research reports. StockNews.com upgraded shares of CVB Financial to a “sell” rating in a report on Friday, January 5th. Stephens restated an “equal weight” rating and issued a $20.00 target price on shares of CVB Financial in a report on Thursday. Hovde Group cut shares of CVB Financial from an “outperform” rating to a “market perform” rating and set a $18.00 target price on the stock. in a report on Monday, April 22nd. Finally, Keefe, Bruyette & Woods dropped their target price on shares of CVB Financial from $20.00 to $19.00 and set a “market perform” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.00.

CVB Financial Stock Down 0.2 %

NASDAQ:CVBF opened at $16.48 on Monday. The company’s 50 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. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 10.84 and a beta of 0.46.

CVB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Wednesday, April 3rd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date was Tuesday, April 2nd. CVB Financial’s payout ratio is 52.63%.

Insider Activity

In other CVB Financial news, CFO E Allen Nicholson acquired 2,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 92,310 shares in the company, valued at approximately $1,548,038.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO E Allen Nicholson bought 2,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average price of $16.77 per share, for a total transaction of $33,540.00. Following the purchase, the chief financial officer now owns 92,310 shares in the company, valued at $1,548,038.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George A. Borba, Jr. bought 59,601 shares of the 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 purchase, the director now owns 626,311 shares in the company, valued at approximately $10,509,498.58. The disclosure for this purchase can be found here. Insiders acquired a total of 63,601 shares of company stock valued at $1,067,145 in the last 90 days. Company insiders own 6.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Diversified Trust Co lifted its stake in shares of CVB Financial by 6.5% during the 1st quarter. Diversified Trust Co now owns 39,480 shares of the financial services provider’s stock valued at $704,000 after buying an additional 2,394 shares in the last quarter. Vanguard Group Inc. lifted its stake in CVB Financial by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 15,701,547 shares of the financial services provider’s stock worth $317,014,000 after purchasing an additional 176,694 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in CVB Financial by 104.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,897,667 shares of the financial services provider’s stock worth $78,694,000 after purchasing an additional 1,994,369 shares in the last quarter. Woodward Diversified Capital LLC purchased a new stake in CVB Financial in the 4th quarter worth $392,000. Finally, Schroder Investment Management Group lifted its stake in CVB Financial by 12.5% in the 4th quarter. Schroder Investment Management Group now owns 863,044 shares of the financial services provider’s stock worth $17,425,000 after purchasing an additional 95,970 shares in the last quarter. Hedge funds and other institutional investors own 74.18% of the company’s stock.

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.