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.