Keefe Bruyette & Woods Maintains CVB Financial Corp. to Market Perform with Price Target $18.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on CVB Financial Corp.(NASDAQ:CVBF). In a research note issued to the investors, the brokerage major Raises the price-target to $18.00 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Sep 27, 2016.

CVB Financial Corp. (CVBF) made into the market gainers list on Fridays trading session with the shares advancing 1.38% or 0.24 points. Due to strong positive momentum, the stock ended at $17.61, which is also near the day’s high of $17.71. The stock began the session at $17.45 and the volume stood at 5,14,810 shares. The 52-week high of the shares is $18.77 and the 52 week low is $14.02. The company has a current market capitalization of $1,901 M and it has 10,79,57,513 shares in outstanding.

CVB Financial Corp.(CVBF) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $75.23M. Analysts had an estimated revenue of $68.25M. Earnings per share were $0.23. Analysts had estimated an EPS of $0.24.

Several Insider Transactions has been reported to the SEC. On Sep 1, 2016, Christopher D Myers (President & CEO) sold 25,000 shares at $17.76 per share price.Also, On Aug 17, 2016, David A. Brager (EVP Sales Division Manager) sold 8,000 shares at $17.08 per share price.On May 4, 2016, Hal W Oswalt (director) purchased 500 shares at $16.74 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.

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