CVB Financial Corp. to Post FY2025 Earnings of $1.55 Per Share, Wedbush Forecasts (NASDAQ:CVBF)

CVB Financial Corp. (NASDAQ:CVBF) – Wedbush decreased their FY2025 earnings estimates for shares of CVB Financial in a research report issued to clients and investors on Thursday, April 25th. Wedbush analyst D. Chiaverini now expects that the financial services provider will earn $1.55 per share for the year, down from their prior forecast of $1.65. Wedbush has a “Neutral” rating and a $19.00 price objective on the stock. The consensus estimate for CVB Financial’s current full-year earnings is $1.41 per share.

Other equities research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods reduced their price objective on shares of CVB Financial from $20.00 to $19.00 and set a “market perform” rating for the company in a report on Friday. Hovde Group cut shares of CVB Financial from an “outperform” rating to a “market perform” rating and set a $18.00 price target on the stock. in a report on Monday, April 22nd. StockNews.com raised shares of CVB Financial to a “sell” rating in a research report on Friday, January 5th. Finally, Stephens reaffirmed an “equal weight” rating and set a $20.00 price objective on shares of CVB Financial in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, CVB Financial has a consensus rating of “Hold” and an average price target of $19.00.

CVB Financial Stock Down 0.1 %

CVB Financial stock opened at $16.46 on Monday. The firm has a 50-day moving average price of $16.96 and a two-hundred day moving average price of $17.72. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 10.83 and a beta of 0.46. CVB Financial has a 52-week low of $10.66 and a 52-week high of $21.77.

CVB Financial (NASDAQ:CVBF) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. CVB Financial had a return on equity of 10.84% and a net margin of 30.93%. The business had revenue of $126.57 million for the quarter, compared to analysts’ expectations of $127.46 million. During the same period in the prior year, the firm earned $0.42 EPS. The business’s quarterly revenue was down 8.9% on a year-over-year basis.

Institutional Trading of CVB Financial

Several hedge funds and other institutional investors have recently modified their holdings of CVBF. Vanguard Group Inc. increased its position in shares of CVB Financial by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 15,701,547 shares of the financial services provider’s stock valued at $317,014,000 after acquiring an additional 176,694 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in CVB Financial by 16.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,290,055 shares of the financial services provider’s stock worth $86,619,000 after buying an additional 594,901 shares during the last quarter. American Century Companies Inc. grew its holdings in CVB Financial by 44.1% during the third quarter. American Century Companies Inc. now owns 3,937,457 shares of the financial services provider’s stock worth $65,244,000 after purchasing an additional 1,204,090 shares during the period. Goldman Sachs Group Inc. boosted its position in CVB Financial by 104.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,897,667 shares of the financial services provider’s stock worth $78,694,000 after purchasing an additional 1,994,369 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in CVB Financial by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,784,666 shares of the financial services provider’s stock valued at $76,412,000 after acquiring an additional 190,343 shares during the period. Institutional investors and hedge funds own 74.18% of the company’s stock.

Insider Activity at CVB Financial

In related news, CEO David A. Brager acquired 2,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was purchased at an average cost of $16.75 per share, for a total transaction of $33,500.00. Following the completion of the purchase, the chief executive officer now directly owns 152,814 shares of the company’s stock, valued at approximately $2,559,634.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO David A. Brager acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average price of $16.75 per share, for a total transaction of $33,500.00. Following the transaction, the chief executive officer now directly owns 152,814 shares of the company’s stock, valued at approximately $2,559,634.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George A. Borba, Jr. bought 59,601 shares of the stock in a transaction dated Tuesday, February 6th. The stock was purchased at an average cost of $16.78 per share, with a total value of $1,000,104.78. Following the completion of the purchase, the director now directly owns 626,311 shares in the company, valued at approximately $10,509,498.58. The disclosure for this purchase can be found here. Insiders have purchased a total of 63,601 shares of company stock valued at $1,067,145 in the last 90 days. 6.00% of the stock is owned by corporate insiders.

CVB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Wednesday, April 3rd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.80 annualized dividend and a dividend yield of 4.86%. CVB Financial’s dividend payout ratio (DPR) is presently 52.63%.

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.