CVB Financial (NASDAQ:CVBF – Get Free Report) had its target price decreased by investment analysts at Stephens from $25.00 to $23.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Stephens’ price objective suggests a potential upside of 9.84% from the stock’s current price.
Other equities research analysts have also issued reports about the stock. Keefe, Bruyette & Woods lifted their target price on shares of CVB Financial from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Wedbush reaffirmed a “neutral” rating and set a $20.00 price objective on shares of CVB Financial in a report on Thursday, October 24th. Finally, Piper Sandler cut their target price on shares of CVB Financial from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $22.20.
View Our Latest Stock Analysis on CVBF
CVB Financial Price Performance
CVB Financial (NASDAQ:CVBF – Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. CVB Financial had a return on equity of 9.41% and a net margin of 29.32%. On average, analysts expect that CVB Financial will post 1.4 earnings per share for the current year.
Institutional Trading of CVB Financial
Several hedge funds have recently added to or reduced their stakes in CVBF. Renaissance Technologies LLC lifted its stake in shares of CVB Financial by 143.4% in the 2nd quarter. Renaissance Technologies LLC now owns 111,694 shares of the financial services provider’s stock valued at $1,926,000 after acquiring an additional 65,800 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in CVB Financial by 5.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,538 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 748 shares during the period. Bank of Montreal Can lifted its position in CVB Financial by 237.9% in the second quarter. Bank of Montreal Can now owns 70,072 shares of the financial services provider’s stock valued at $1,208,000 after purchasing an additional 49,333 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of CVB Financial during the second quarter valued at approximately $856,000. Finally, AQR Capital Management LLC grew its holdings in shares of CVB Financial by 132.1% in the second quarter. AQR Capital Management LLC now owns 24,196 shares of the financial services provider’s stock worth $417,000 after purchasing an additional 13,771 shares during the last quarter. 74.18% of the stock is owned by institutional investors.
CVB Financial Company Profile
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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