KBW Has Just Reaffirmed $23.0 Target Price Per Share on Cvb Financial Corp (NASDAQ:CVBF) stock, While They’ve Also Reiterated Their Hold Rating

December 8, 2017 - By Nellie Frank

 KBW Has Just Reaffirmed $23.0 Target Price Per Share on Cvb Financial Corp (NASDAQ:CVBF) stock, While They’ve Also Reiterated Their Hold Rating

Investors sentiment increased to 1.57 in Q2 2017. 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.

Prudential Financial Inc has 0.01% invested in CVB Financial Corp. (NASDAQ:CVBF). Moreover, Pinebridge Invs Ltd Partnership has 0.04% invested in CVB Financial Corp. (NASDAQ:CVBF). State Street Corporation invested 0.01% in CVB Financial Corp. (NASDAQ:CVBF). Envestnet Asset Management reported 7,069 shares. Hexavest reported 5,637 shares. America First Inv Advsrs Ltd Liability invested in 0.07% or 8,057 shares. 384,305 were reported by Epoch Inv Prtnrs. Richard Bernstein Advisors Ltd, a New York-based fund reported 188,395 shares. Da Davidson And holds 0% of its portfolio in CVB Financial Corp. (NASDAQ:CVBF) for 7,056 shares. Texas Permanent School Fund has invested 0.02% in CVB Financial Corp. (NASDAQ:CVBF). 169,292 are owned by Fisher Asset Ltd. Sei Invests invested in 243 shares. Loomis Sayles And Communication Lp invested in 858,152 shares or 0.05% of the stock. State Of Alaska Department Of Revenue owns 20,217 shares or 0.03% of their US portfolio. 419,269 are held by Invesco Limited.

Cvb Financial Corp (NASDAQ:CVBF) Rating Reaffirmed

KBW now has a $23.0 target price on the $2.65 billion market cap company or -4.41 % downside potential. In an analyst note issued to clients and investors on Thursday, 5 October, Cvb Financial Corp (NASDAQ:CVBF) shares have had their Hold Rating reiterated by expert analysts at KBW.

Investors sentiment increased to 1.57 in Q2 2017. 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.

Prudential Financial Inc has 0.01% invested in CVB Financial Corp. (NASDAQ:CVBF). Moreover, Pinebridge Invs Ltd Partnership has 0.04% invested in CVB Financial Corp. (NASDAQ:CVBF). State Street Corporation invested 0.01% in CVB Financial Corp. (NASDAQ:CVBF). Envestnet Asset Management reported 7,069 shares. Hexavest reported 5,637 shares. America First Inv Advsrs Ltd Liability invested in 0.07% or 8,057 shares. 384,305 were reported by Epoch Inv Prtnrs. Richard Bernstein Advisors Ltd, a New York-based fund reported 188,395 shares. Da Davidson And holds 0% of its portfolio in CVB Financial Corp. (NASDAQ:CVBF) for 7,056 shares. Texas Permanent School Fund has invested 0.02% in CVB Financial Corp. (NASDAQ:CVBF). 169,292 are owned by Fisher Asset Ltd. Sei Invests invested in 243 shares. Loomis Sayles And Communication Lp invested in 858,152 shares or 0.05% of the stock. State Of Alaska Department Of Revenue owns 20,217 shares or 0.03% of their US portfolio. 419,269 are held by Invesco Limited.

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 has $2300 highest and $16.50 lowest target. $20.42’s average target is -15.13% below currents $24.06 stock price. CVB Financial had 12 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, July 3 by Keefe Bruyette & Woods. The stock has “Hold” rating by Piper Jaffray on Friday, September 1. The rating was maintained by Piper Jaffray on Monday, July 10 with “Hold”. Keefe Bruyette & Woods maintained CVB Financial Corp. (NASDAQ:CVBF) on Thursday, August 3 with “Hold” rating. As per Monday, November 21, the company rating was downgraded by Hovde Group. The stock of CVB Financial Corp. (NASDAQ:CVBF) has “Hold” rating given on Thursday, October 5 by Piper Jaffray. As per Thursday, October 5, the company rating was maintained by Keefe Bruyette & Woods. On Thursday, January 21 the stock rating was upgraded by FIG Partners to “Outperform”.

The stock increased 0.21% or $0.05 during the last trading session, reaching $24.06. About 182,609 shares traded. CVB Financial Corp. (NASDAQ:CVBF) has risen 23.35% since December 8, 2016 and is uptrending. It has outperformed by 6.65% the S&P500.

Analysts await CVB Financial Corp. (NASDAQ:CVBF) to report earnings on January, 17. They expect $0.27 EPS, up 8.00 % or $0.02 from last year’s $0.25 per share. CVBF’s profit will be $29.74M for 22.28 P/E if the $0.27 EPS becomes a reality. After $0.27 actual EPS reported by CVB Financial Corp. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

CVB Financial Corp. operates as a bank holding firm for Citizens Business Bank that provides various banking and trust services for businesses, professionals, and individuals. The company has market cap of $2.65 billion. It operates in two divisions, Business Financial and Commercial Banking Centers, and Dairy & Livestock and Agribusiness. It has a 23.13 P/E ratio. The firm offers various deposit products, including checking, savings, money market, and time certificates of deposit for business and personal accounts, as well as serves as a federal tax depository for business customers.

More notable recent CVB Financial Corp. (NASDAQ:CVBF) news were published by: Finance.Yahoo.com which released: “CVB Financial Corp. and Valley Commerce Bancorp Announce Amended Merger Agreement” on December 20, 2016, also Businesswire.com with their article: “CVB Financial Corp. Completes Acquisition of Valley Commerce Bancorp” published on March 11, 2017, Businesswire.com published: “CVB Financial Corp. Announces Third Quarter 2017 Earnings Release Date …” on July 19, 2017. More interesting news about CVB Financial Corp. (NASDAQ:CVBF) were released by: Businesswire.com and their article: “CVB Financial Corp. Announces Hiring of E. Allen Nicholson as Chief Financial …” published on May 05, 2016 as well as Businesswire.com‘s news article titled: “CVB Financial Corp. and Valley Commerce Bancorp Announce Merger” with publication date: September 22, 2016.

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