$0.27 EPS Expected for CVB Financial Corp. (CVBF)

September 28, 2017 - By Darrin Black


Investors sentiment increased to 1.57 in 2017 Q2. Its up 0.48, from 1.09 in 2017Q1. It is positive, as 8 investors sold CVB Financial Corp. shares while 41 reduced holdings. 19 funds opened positions while 58 raised stakes. 73.02 million shares or 0.69% less from 73.53 million shares in 2017Q1 were reported.
Voya Investment Mgmt reported 45,428 shares. First Citizens State Bank Trust Communication accumulated 0.03% or 9,649 shares. Tiaa Cref Ltd Liability has invested 0% in CVB Financial Corp. (NASDAQ:CVBF). Goldman Sachs Group holds 0.02% or 3.78M shares. Blackrock accumulated 12.38M shares or 0.01% of the stock. Aperio Group Inc Ltd Liability Company owns 28,853 shares. Reilly Fincl Advsrs Ltd Liability Co accumulated 3,000 shares. Northern Trust Corporation reported 2.36 million shares. Gamble Jones Counsel invested in 0.13% or 53,660 shares. Champlain Inv Prtnrs Limited Company accumulated 2.36M shares or 0.65% of the stock. Dimensional Fund Advsrs Lp stated it has 3.20 million shares or 0.03% of all its holdings. Ahl Limited Liability Partnership has 0.01% invested in CVB Financial Corp. (NASDAQ:CVBF). Federated Pa reported 2,550 shares stake. Fmr Ltd reported 7.36 million shares. The Switzerland-based Credit Suisse Ag has invested 0% in CVB Financial Corp. (NASDAQ:CVBF).

Since May 8, 2017, it had 0 buys, and 1 sale for $44,265 activity. $44,265 worth of stock was sold by Brager David A. on Monday, May 8.

Wall Street await CVB Financial Corp. (NASDAQ:CVBF) to release earnings on October, 18. Analysts forecast EPS of $0.27, up exactly $0.04 or 17.39 % from 2014’s $0.23 EPS. The expected CVBF’s profit could reach $29.68 million giving the stock 21.98 P/E in the case that $0.27 earnings per share is reported. After posting $0.26 EPS for the previous quarter, CVB Financial Corp.’s analysts now forecast 3.85 % EPS growth. About 158,244 shares traded. CVB Financial Corp. (NASDAQ:CVBF) has risen 23.35% since September 28, 2016 and is uptrending. It has outperformed by 6.65% the S&P500.

CVB Financial Corp. (NASDAQ:CVBF) Ratings Coverage

Among 6 analysts covering CVB Financial (NASDAQ:CVBF), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. CVB Financial had 10 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, July 3 by Keefe Bruyette & Woods. As per Thursday, January 21, the company rating was upgraded by FIG Partners. Piper Jaffray maintained CVB Financial Corp. (NASDAQ:CVBF) rating on Monday, July 10. Piper Jaffray has “Hold” rating and $2300 target. The stock of CVB Financial Corp. (NASDAQ:CVBF) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, August 3. The firm has “Underperform” rating given on Monday, November 21 by Hovde Group. The company was maintained on Friday, September 1 by Piper Jaffray.

CVB Financial Corp. is the bank holding firm for Citizens Business Bank (the Bank). The company has market cap of $2.61 billion. The Bank operates through two divisions: Business Financial and Commercial Banking Centers (Centers), and Other Operations. It has a 23.77 P/E ratio. The Company’s administrative and other smaller operating departments are combined into the Other segment.

More notable recent CVB Financial Corp. (NASDAQ:CVBF) news were published by: Streetinsider.com which released: “Form 4 CVB FINANCIAL CORP For: Sep 18 Filed by: Brager David A.” on August 06, 2017, also Businesswire.com with their article: “CVB Financial Corp. Completes Acquisition of County Commerce Bank” published on March 01, 2016, Digitaljournal.com published: “CVB Financial Corp. Announces Third Quarter 2017 Earnings Release Date …” on September 27, 2017. More interesting news about CVB Financial Corp. (NASDAQ:CVBF) were released by: Businesswire.com and their article: “CVB Financial Corp. and Valley Commerce Bancorp Announce Merger” published on September 22, 2016 as well as Businesswire.com‘s news article titled: “CVB Financial Corp. Announces Hiring of David F. Farnsworth as Chief Credit …” with publication date: July 07, 2016.

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