CVB Financial FY2025 EPS Estimate Boosted by DA Davidson

CVB Financial Corp. (NASDAQ:CVBF) – Research analysts at DA Davidson boosted their FY2025 earnings estimates for CVB Financial in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will earn $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.

A number of other analysts have also recently weighed in on the stock. Wedbush restated a “neutral” rating and set a $20.00 target price on shares of CVB Financial in a report on Thursday, October 24th. Keefe, Bruyette & Woods increased their price target on shares of CVB Financial from $23.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler cut their price objective on CVB Financial from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, CVB Financial currently has an average rating of “Hold” and an average price target of $21.80.

CVB Financial Trading Down 0.4 %

CVB Financial stock opened at $21.29 on Friday. CVB Financial has a 52 week low of $15.71 and a 52 week high of $24.58. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 14.89 and a beta of 0.49. The company’s 50-day moving average price is $21.62 and its two-hundred day moving average price is $18.96.

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

CVB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.20 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.80 annualized dividend and a yield of 3.76%. CVB Financial’s dividend payout ratio (DPR) is currently 55.94%.

Hedge Funds Weigh In On CVB Financial

Hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new stake in CVB Financial in the 3rd quarter valued at $27,000. nVerses Capital LLC grew its holdings in CVB Financial by 466.7% during the 2nd quarter. nVerses Capital LLC now owns 1,700 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 1,400 shares during the last quarter. Innealta Capital LLC bought a new position in shares of CVB Financial in the second quarter worth about $38,000. GAMMA Investing LLC lifted its position in shares of CVB Financial by 21.7% during the third quarter. GAMMA Investing LLC now owns 4,367 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 780 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of CVB Financial during the third quarter valued at approximately $107,000. Institutional investors and hedge funds 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.