Analytical Approach on: CVB Financial Corp. (CVBF)

The shares of CVB Financial Corp. (NASDAQ:CVBF) currently has mean rating of 3.00 while 0 analysts have recommended the shares as “BUY”, 0 recommended as “OUTPERFORM” and 7 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 68.25M by 7 analysts. The means estimate of sales for the year ending Dec-16 is 275.18M by 7 analysts.

The mean price target for the shares of CVB Financial Corp. (CVBF) is at 17.50 while the highest price target suggested by the analysts is 18.00 and low price target is 17.00. The mean price target is calculated keeping in view the consensus of 6 brokerage firms.

The average estimate of EPS for the current fiscal quarter for CVB Financial Corp. (CVBF) stands at 0.24 while the EPS for the current year is fixed at 0.96 by 6 analysts.

The next one year’s EPS estimate is set at 1.03 by 7 analysts while a year ago the analysts suggested the company’s EPS at 0.96. The analysts also projected the company’s long-term growth at 10.00% for the upcoming five years.

In its latest quarter ended on 31st March 2016, CVB Financial Corp. (CVBF) reported earnings of $0.23. The posted earnings missed the analyst’s consensus by $-0.02 with the surprise factor of -8.00%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On June 22, 2016 CVB Financial Corp. (CVBF) announced a twelve cent ($.12) per share cash dividend with respect to the second quarter of 2016. The dividend was approved at the regularly scheduled Board of Directors meeting held on June 22, 2016. The dividend will be payable on or about July 21, 2016 to shareholders of record as of July 7, 2016.

“Our Board of Directors is pleased to pay our 107th consecutive cash dividend to our shareholders,” said Christopher D. Myers, President and Chief Executive Officer.

Upcoming Earnings Report: CVB Financial Corp. (NASDAQ:CVBF)

CVB Financial Corp. (CVBF) retreated -1.77% to reach at the floor price of $17.16 as the company is set to share its next quarterly earnings on July 20, 2016. CVBF stock trades between $17.1 and $17.29 before the earnings release. Let’s take a closer look at the June 2016 earnings estimates, particularly the things investors should pay close attention to. Earnings (EPS) for the recently concluded quarter is projected to come in at $0.24/share with $68.54M in revenue.

Earnings Track Record: If history is anything to go by, CVB Financial Corp. (CVBF) managed to beat quarterly EPS forecasts in 8 of the trailing three fiscal years, and has a positive trend with an average surprise of 66%. Last time the company reported, CVB Financial Corp. generated $0.23 in earnings per share, missing the mean forecast of $0.25. Revenues reached $62.52M in the March 2016 quarter, which was lower than the consensus $68.9M projection. On the other hand, in the December 2015 quarter it recorded a net $63.26M revenue with EPS of $0.27. Wall Street had projected $65.57M and $0.25, respectively. For comparison, there was a revenue of $65.92M and earnings of $0.26 in the September 2015 quarter.

Future Earnings: After upcoming financial results, all eyes will be on the outlook or guidance for the next reporting quarter (September 2016). Analysts, on average, predict CVB Financial Corp. to earn $0.25 in earnings per share (EPS) on revenue of $68.54M. The earnings-per-share consensus range is $0.24-$0.27 on sales between $64.75M and $74.5M.

Stock Trend vs. Analyst View: The stock is trading up 23.24 percent versus 1-year low of $14.02 and stands -7.31 lower from its peak of $18.77. The consensus price target of $17.6 means that the market expects Company shares to increase by 2.56% in the short run. The sell-side target prices range from $17 to $18. In the last month the stock has moved in price 4.19%, with a one year change of 0.1%. The last trading session volume compares with the 560.79K average and market worth floats around $1.88B.

Recent Analyst Rating Changes: The buoyancy in the prospect of CVB Financial Corp. (CVBF) is getting weaker by the somewhat negative sentiment (3 on a 5-point scale) that brokerage firms have issued concerning it. Wall Street analysts on the average recommend the company shares as Hold. FIG Partners has been covering shares of CVBF, so it’s most recent view is worth a look. In a research note released on April 25, 2016, analysts at FIG Partners downgraded the stock to Market Perform from Outperform.  Another noteworthy analyst activity was recorded on January 21, 2016. FIG Partners analysts lifted the stock to Outperform from Market Perform.