CVB Financial Corp. (CVBF) Announces Quarterly Dividend of $0.18

CVB Financial Corp. (NASDAQ:CVBF) announced a quarterly dividend on Wednesday, March 20th, NASDAQ reports. Shareholders of record on Saturday, April 6th will be paid a dividend of 0.18 per share by the financial services provider on Wednesday, April 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Thursday, April 4th. This is a boost from CVB Financial’s previous quarterly dividend of $0.14.

Shares of NASDAQ:CVBF traded down $0.47 during trading on Friday, hitting $21.40. 275,275 shares of the company were exchanged, compared to its average volume of 349,866. The company has a market capitalization of $3.00 billion, a PE ratio of 17.26, a P/E/G ratio of 1.53 and a beta of 1.16. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.01. CVB Financial has a 12-month low of $19.21 and a 12-month high of $24.97.

CVB Financial (NASDAQ:CVBF) last issued its quarterly earnings data on Wednesday, January 23rd. The financial services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.03). CVB Financial had a return on equity of 10.45% and a net margin of 37.50%. The company had revenue of $123.77 million for the quarter, compared to analysts’ expectations of $116.78 million. During the same quarter in the prior year, the firm posted $0.28 EPS. As a group, equities research analysts predict that CVB Financial will post 1.47 EPS for the current fiscal year.

Several research firms recently commented on CVBF. Zacks Investment Research downgraded shares of CVB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. Piper Jaffray Companies raised shares of CVB Financial from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $23.00 to $25.00 in a research note on Monday, January 7th. BidaskClub cut shares of CVB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. Finally, FIG Partners cut shares of CVB Financial from an “outperform” rating to a “market-perform” rating in a research note on Thursday, January 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. CVB Financial has an average rating of “Hold” and a consensus target price of $24.90.

TRADEMARK VIOLATION NOTICE: This news story was first reported by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.baseballdailydigest.com/news/2019/04/21/cvb-financial-corp-cvbf-raises-dividend-to-0-18-per-share.html.

About CVB Financial

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank that provides banking and financial products and services. The company offers checking, savings, and money market accounts, as well as time certificates of deposit; and serves as a federal tax depository for business customers.

See Also: What is Cost of Goods Sold (COGS)?

Dividend History for CVB Financial (NASDAQ:CVBF)

Receive News & Ratings for CVB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVB Financial and related companies with MarketBeat.com's FREE daily email newsletter.