CVB Financial Corp. (CVBF) Releases Earnings Results, Misses Expectations By $-0.01 EPS

CVB Financial Corp. (CVBF) reported quarterly earnings results on Wednesday, Jul-20-2016. The company reported $0.23 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.24. Analysts expectations of $74.53 million. During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on CVB Financial Corp.. Hovde Group Initiated CVB Financial Corp. on Jun 22, 2016 to “Market Perform”, Price Target of the shares are set at $17.CVB Financial Corp. was Downgraded by FIG Partners to ” Market Perform” on Apr 25, 2016.

CVB Financial Corp. closed down -0.12 points or -0.70% at $17.11 with 3,08,555 shares getting traded on Monday. Post opening the session at $17.26, the shares hit an intraday low of $16.89 and an intraday high of $17.26 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on May 4, 2016, Hal W Oswalt (director) purchased 500 shares at $16.74 per share price. According to the SEC, on May 3, 2016, San Vaccaro (director) sold 22,520 shares at $17.24 per share price. On Apr 29, 2016, Robert Jacoby (director) sold 27,500 shares at $17.09 per share price, according to the Form-4 filing with the securities and exchange commission.

CVB Financial Corp. is a bank holding company. The Company serves as a holding company for Citizens Business Bank (the Bank). The Bank operates through segments: Business Financial and Commercial Banking Centers (Centers) and Treasury. These Centers are the focal points for customer sales and services. All administrative and other smaller operating departments are combined into the Other segment. The Treasury Department’s primary focus is managing the Bank’s investments liquidity and interest rate risk. The Company’s remaining operating segments which include construction lending dairy and livestock and agribusiness lending leasing CitizensTrust and centralized functions form part of the Other segment. As of December 31 2014 the Company had $7.38 billion in total consolidated assets $3.76 billion in net loans $5.6 billion in deposits $563.6 million in customer repurchase agreements and $199.5 million in Federal Home Loan Bank advances.

CVB Financial Corp.

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