CVB Financial FY2025 EPS Forecast Increased by DA Davidson

CVB Financial Corp. (NASDAQ:CVBF) – Analysts at DA Davidson increased their FY2025 EPS estimates for shares of CVB Financial in a report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings of $1.41 per share for the year, up from their previous estimate of $1.40. The consensus estimate for CVB Financial’s current full-year earnings is $1.43 per share.

CVB Financial (NASDAQ:CVBF) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. The business had revenue of $126.45 million for the quarter, compared to analyst estimates of $126.75 million. CVB Financial had a return on equity of 9.80% and a net margin of 28.29%. CVB Financial’s revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 earnings per share.

A number of other research firms have also recently commented on CVBF. Piper Sandler reduced their price target on CVB Financial from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Wedbush reissued a “neutral” rating and set a $20.00 target price on shares of CVB Financial in a report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of CVB Financial from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, CVB Financial presently has an average rating of “Hold” and a consensus price target of $21.80.

CVB Financial Trading Up 3.3 %

Shares of CVBF opened at $22.00 on Friday. The company’s fifty day simple moving average is $21.69 and its 200 day simple moving average is $19.02. CVB Financial has a 1-year low of $15.71 and a 1-year high of $24.58. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 15.38 and a beta of 0.49.

CVB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.80 annualized dividend and a dividend yield of 3.64%. CVB Financial’s dividend payout ratio is presently 55.94%.

Institutional Investors Weigh In On CVB Financial

Several institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in shares of CVB Financial by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,164,463 shares of the financial services provider’s stock valued at $56,401,000 after acquiring an additional 15,628 shares during the period. Barclays PLC lifted its position in CVB Financial by 79.5% during the third quarter. Barclays PLC now owns 291,011 shares of the financial services provider’s stock worth $5,186,000 after purchasing an additional 128,869 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in CVB Financial during the third quarter worth about $597,000. Jane Street Group LLC increased its holdings in CVB Financial by 11.8% in the 3rd quarter. Jane Street Group LLC now owns 136,780 shares of the financial services provider’s stock valued at $2,437,000 after buying an additional 14,384 shares during the period. Finally, Wellington Management Group LLP acquired a new position in shares of CVB Financial in the 3rd quarter valued at approximately $8,653,000. 74.18% of the stock is currently owned by institutional investors.

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.