CVB Financial Corporation (NASDAQ:CVBF – Get Free Report) has received an average rating of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $26.25.
A number of research firms have recently commented on CVBF. Weiss Ratings cut CVB Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Piper Sandler raised their target price on CVB Financial from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Stephens raised shares of CVB Financial from an “equal weight” rating to an “overweight” rating and set a $27.00 price target on the stock in a research note on Thursday, August 6th. DA Davidson increased their price target on shares of CVB Financial from $22.50 to $25.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Finally, Wall Street Zen raised shares of CVB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th.
View Our Latest Stock Report on CVBF
CVB Financial Trading Down 0.6%
CVB Financial (NASDAQ:CVBF – Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The business had revenue of $191.74 million during the quarter, compared to analysts’ expectations of $192.80 million. CVB Financial had a return on equity of 9.42% and a net margin of 29.54%. During the same period in the prior year, the firm posted $0.38 earnings per share. As a group, research analysts predict that CVB Financial will post 1.75 earnings per share for the current year.
CVB Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.80 annualized dividend and a yield of 3.5%. CVB Financial’s payout ratio is 52.98%.
Insider Transactions at CVB Financial
In related news, Director Mike Maddox purchased 10,000 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were purchased at an average price of $22.03 per share, with a total value of $220,300.00. Following the completion of the acquisition, the director directly owned 13,138 shares in the company, valued at $289,430.14. This represents a 318.67% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brien Raymond V. O. III acquired 20,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was purchased at an average cost of $22.77 per share, for a total transaction of $455,400.00. Following the completion of the purchase, the director directly owned 85,780 shares in the company, valued at $1,953,210.60. This trade represents a 30.40% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 6.40% of the company’s stock.
Institutional Trading of CVB Financial
Several institutional investors and hedge funds have recently modified their holdings of the business. Nykredit A S purchased a new position in CVB Financial in the 2nd quarter valued at about $43,000. Public Employees Retirement System of Ohio acquired a new position in shares of CVB Financial during the second quarter worth $53,000. EverSource Wealth Advisors LLC grew its stake in CVB Financial by 40.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,407 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 695 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of CVB Financial during the second quarter worth about $77,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of CVB Financial by 752.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 3,581 shares of the financial services provider’s stock worth $81,000 after buying an additional 3,161 shares during the last quarter. Hedge funds and other institutional investors own 74.18% of the company’s stock.
CVB Financial News Roundup
Here are the key news stories impacting CVB Financial this week:
- Positive Sentiment: Third-quarter net income rose to $78.1 million, or $0.44 per diluted share, from $52.6 million, or $0.38 per share, a year earlier. Net income also increased sharply from $48.3 million in the second quarter. CVB Financial Reports Third-Quarter 2026 Net Income
- Positive Sentiment: Net interest income increased to $179.1 million, while the tax-equivalent net interest margin expanded 17 basis points sequentially to 3.89%. The bank ended the quarter with $20.52 billion in assets, $12.12 billion in loans and $15.73 billion in deposits. CVB Financial Q3 Earnings Call Highlights
- Positive Sentiment: Management said the Heritage merger integration should provide a full-quarter contribution going forward and outlined a goal of approximately 13% EPS growth by 2027, supporting the longer-term earnings outlook. CVB Financial Targets 13% EPS Growth by 2027
- Neutral Sentiment: CVBF repurchased $17.5 million of common stock during the quarter, which may support per-share results, while reported insider activity included more purchases than sales. CVB Financial Reports Earnings Results
- Negative Sentiment: EPS of $0.44 fell slightly short of the $0.45 consensus estimate. Noninterest expense included $8.1 million of Heritage merger-related costs, and the company also reported third-quarter charge-offs, factors that may be tempering the market’s reaction. CVB Financial Lags Q3 Earnings Estimates
About CVB Financial
CVB Financial Corp. is a bank holding company headquartered in Ontario, California. Its principal subsidiary, Citizens Business Bank, provides banking and financial services to businesses, professionals, and individuals, with a focus on relationship-based commercial banking.
Citizens Business Bank offers business checking and savings accounts, commercial and real estate loans, lines of credit, equipment financing, treasury management, cash management, and international banking services.
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