CVB Financial (NASDAQ:CVBF) Stock Rating Reaffirmed by Wedbush

CVB Financial (NASDAQ:CVBF)‘s stock had its “neutral” rating reaffirmed by investment analysts at Wedbush in a research note issued to investors on Thursday, Benzinga reports. They presently have a $20.00 target price on the financial services provider’s stock. Wedbush’s target price indicates a potential upside of 4.00% from the stock’s previous close. Wedbush also issued estimates for CVB Financial’s FY2024 earnings at $1.44 EPS, Q1 2025 earnings at $0.34 EPS, Q4 2025 earnings at $0.36 EPS, Q1 2026 earnings at $0.37 EPS, Q2 2026 earnings at $0.38 EPS and Q3 2026 earnings at $0.38 EPS.

Several other analysts also recently issued reports on the company. Stephens boosted their price target on CVB Financial from $19.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods raised shares of CVB Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $20.00 to $22.00 in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.25.

CVB Financial Price Performance

CVBF stock opened at $19.23 on Thursday. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 12.65 and a beta of 0.45. The company has a fifty day moving average price of $18.12 and a two-hundred day moving average price of $17.45. CVB Financial has a one year low of $15.38 and a one year high of $21.77.

CVB Financial (NASDAQ:CVBF) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. CVB Financial had a net margin of 29.58% and a return on equity of 10.41%. The business had revenue of $126.45 million for the quarter, compared to analyst estimates of $126.75 million. During the same quarter in the prior year, the business earned $0.42 EPS. CVB Financial’s quarterly revenue was down 8.2% on a year-over-year basis. Research analysts anticipate that CVB Financial will post 1.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System increased its holdings in CVB Financial by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 39,018 shares of the financial services provider’s stock valued at $673,000 after buying an additional 725 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in CVB Financial by 5.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,538 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 748 shares during the last quarter. GAMMA Investing LLC increased its stake in CVB Financial by 21.7% in the third quarter. GAMMA Investing LLC now owns 4,367 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 780 shares during the last quarter. AlphaMark Advisors LLC raised its position in CVB Financial by 4.7% during the third quarter. AlphaMark Advisors LLC now owns 19,179 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 859 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in CVB Financial by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 66,700 shares of the financial services provider’s stock worth $1,150,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds 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.