Somewhat Favorable Media Coverage Somewhat Unlikely to Impact CVB Financial (CVBF) Share Price

Headlines about CVB Financial (NASDAQ:CVBF) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CVB Financial earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.9720444574683 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

CVBF has been the subject of several research reports. Zacks Investment Research raised CVB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $23.00 target price on shares of CVB Financial in a research note on Friday, September 1st. Finally, ValuEngine cut CVB Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $23.20.

Shares of CVB Financial (NASDAQ:CVBF) traded down $0.16 during mid-day trading on Wednesday, reaching $23.66. The company had a trading volume of 238,990 shares, compared to its average volume of 374,108. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.69 and a quick ratio of 0.69. CVB Financial has a fifty-two week low of $19.58 and a fifty-two week high of $25.49. The company has a market capitalization of $2,615.12, a PE ratio of 22.83, a P/E/G ratio of 2.35 and a beta of 1.50.

CVB Financial (NASDAQ:CVBF) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.27. CVB Financial had a return on equity of 10.89% and a net margin of 35.60%. The business had revenue of $81.78 million during the quarter, compared to analyst estimates of $81.78 million. During the same quarter last year, the company posted $0.23 EPS. sell-side analysts expect that CVB Financial will post 1.06 EPS for the current year.

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About CVB Financial

CVB Financial Corp. (CVB) is the bank holding company for Citizens Business Bank (the Bank). The Bank operates through two segments: Business Financial and Commercial Banking Centers (Centers), and Other Operations. The Company’s administrative and other smaller operating departments are combined into the Other segment.

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