CVB Financial (NASDAQ:CVBF) Receives Equal Weight Rating from Stephens

CVB Financial (NASDAQ:CVBF)‘s stock had its “equal weight” rating reissued by stock analysts at Stephens in a research report issued on Thursday,Benzinga reports. They currently have a $25.00 target price on the financial services provider’s stock. Stephens’ target price suggests a potential upside of 21.92% from the stock’s current price.

A number of other analysts also recently issued reports on CVBF. Wedbush reissued a “neutral” rating and issued a $20.00 target price on shares of CVB Financial in a research report on Thursday, October 24th. Keefe, Bruyette & Woods boosted their target price on shares of CVB Financial from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Finally, Piper Sandler cut 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.60.

CVB Financial Trading Down 0.9 %

Shares of NASDAQ:CVBF traded down $0.19 during mid-day trading on Thursday, hitting $20.51. 170,804 shares of the company traded hands, compared to its average volume of 771,215. The stock has a 50-day moving average price of $22.06 and a two-hundred day moving average price of $19.73. The stock has a market cap of $2.86 billion, a P/E ratio of 14.34 and a beta of 0.50. CVB Financial has a 12-month low of $15.71 and a 12-month high of $24.58.

CVB Financial (NASDAQ:CVBF) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. CVB Financial had a return on equity of 9.80% and a net margin of 28.29%. As a group, analysts expect that CVB Financial will post 1.43 earnings per share for the current year.

Institutional Trading of CVB Financial

Several hedge funds and other institutional investors have recently bought and sold shares of CVBF. KBC Group NV lifted its holdings in shares of CVB Financial by 35.0% in the 4th quarter. KBC Group NV now owns 6,005 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 1,556 shares during the last quarter. Blue Trust Inc. raised its stake in CVB Financial by 17.7% in the fourth quarter. Blue Trust Inc. now owns 6,108 shares of the financial services provider’s stock worth $131,000 after buying an additional 918 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in CVB Financial by 22.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 52,358 shares of the financial services provider’s stock worth $1,131,000 after buying an additional 9,600 shares during the period. Crossmark Global Holdings Inc. bought a new stake in CVB Financial during the 4th quarter valued at approximately $206,000. Finally, Diversified Trust Co grew its holdings in shares of CVB Financial by 11.9% during the 4th quarter. Diversified Trust Co now owns 49,520 shares of the financial services provider’s stock worth $1,060,000 after acquiring an additional 5,249 shares during the period. 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.