CVB Financial Corp. (NASDAQ:CVBF) was downgraded by equities researchers at Raymond James from an “outperform” rating to a “market perform” rating in a research report issued on Friday, TheFlyOnTheWall.com reports. They currently have a $12.00 price objective on the stock. Raymond James’ price objective would suggest a potential downside of 10.98% from the stock’s previous close.
Shares of CVB Financial Corp. (NASDAQ: CVBF) opened at 13.48 on Friday. CVB Financial Corp. has a 52 week low of $9.43 and a 52 week high of $13.48. The stock’s 50-day moving average is currently $11.84. The company has a market cap of $1.415 billion and a P/E ratio of 18.24.
CVB Financial Corp. (NASDAQ:CVBF) last released its earnings data on Wednesday, July 17th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. During the same quarter last year, the company posted $0.23 earnings per share. On average, analysts predict that CVB Financial Corp. will post $0.86 earnings per share for the current fiscal year.
CVB Financial Corp. (NASDAQ: CVBF) is a bank holding company of Citizens Business Bank (the Bank).
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