CVB Financial (NASDAQ:CVBF) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

CVB Financial (NASDAQ:CVBF) released its quarterly earnings results on Tuesday. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.03, MarketWatch Earnings reports. CVB Financial had a return on equity of 10.19% and a net margin of 42.25%.

Shares of NASDAQ:CVBF traded down $0.50 during trading on Thursday, reaching $19.16. 6,919 shares of the company traded hands, compared to its average volume of 491,088. The business’s 50 day moving average price is $21.30. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 13.11 and a beta of 0.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.77 and a quick ratio of 0.77. CVB Financial has a 52 week low of $15.57 and a 52 week high of $25.00.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 15th. Stockholders of record on Wednesday, June 30th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, June 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.76%. CVB Financial’s payout ratio is 55.38%.

Separately, Zacks Investment Research downgraded CVB Financial from a “buy” rating to a “hold” rating in a research note on Monday, June 28th.

About CVB Financial

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. The company offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers.

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Earnings History for CVB Financial (NASDAQ:CVBF)

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