Sandler O’Neill increased their price target on shares of CVB Financial Corp. (NASDAQ:CVBF) from $14.00 to $15.00 in a research note issued on Thursday, American Banking News reports. The firm currently has a “hold” rating on the stock. Sandler O’Neill’s target price indicates a potential upside of 3.38% from the company’s current price.
Shares of CVB Financial Corp. (NASDAQ:CVBF) traded up 1.75% on Thursday, hitting $14.51. The stock had a trading volume of 479,416 shares. CVB Financial Corp. has a 52-week low of $9.43 and a 52-week high of $13.76. The stock’s 50-day moving average is $13.18 and its 200-day moving average is $11.84. The company has a market cap of $1.524 billion and a P/E ratio of 19.30.
CVB Financial Corp. (NASDAQ:CVBF) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.23. During the same quarter in the prior year, the company posted $0.09 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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