CVB Financial Corp. operates as a bank holding company for Citizens Business Bank that provides banking and financial products and services.
Flawless balance sheet with solid track record and pays a dividend.
Share Price & News
How has CVB Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CVBF has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CVBF exceeded the US Banks industry which returned -24.8% over the past year.
Return vs Market: CVBF exceeded the US Market which returned -11.5% over the past year.
Price Volatility Vs. Market
How volatile is CVB Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StVolatility 101: Should CVB Financial (NASDAQ:CVBF) Shares Have Dropped 16%?
3 weeks ago | Simply Wall StCVB Financial Corp. Just Released Its Yearly Earnings: Here's What Analysts Think
1 month ago | Simply Wall StWhy CVB Financial Corp. (NASDAQ:CVBF) Is A Top Dividend Stock
Is CVB Financial undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CVBF ($19.22) is trading below our estimate of fair value ($24.9)
Significantly Below Fair Value: CVBF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CVBF is poor value based on its PE Ratio (13x) compared to the Banks industry average (8.9x).
PE vs Market: CVBF is good value based on its PE Ratio (13x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: CVBF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CVBF is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (0.8x).
How is CVB Financial forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CVBF's earnings are forecast to decline over the next 3 years (-6.2% per year).
Earnings vs Market: CVBF's earnings are forecast to decline over the next 3 years (-6.2% per year).
High Growth Earnings: CVBF's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CVBF's revenue is expected to decline over the next 3 years (-1.3% per year).
High Growth Revenue: CVBF's revenue is forecast to decline over the next 3 years (-1.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CVBF's Return on Equity is forecast to be low in 3 years time (8.8%).
How has CVB Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CVBF has high quality earnings.
Growing Profit Margin: CVBF's current net profit margins (42.8%) are higher than last year (38.8%).
Past Earnings Growth Analysis
Earnings Trend: CVBF's earnings have grown by 15.9% per year over the past 5 years.
Accelerating Growth: CVBF's earnings growth over the past year (36.8%) exceeds its 5-year average (15.9% per year).
Earnings vs Industry: CVBF earnings growth over the past year (36.8%) exceeded the Banks industry 11.2%.
Return on Equity
High ROE: CVBF's Return on Equity (10.4%) is considered low.
How is CVB Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: CVBF has a low level of unsold assets or inventory.
Debt Coverage by Assets: CVBF's debt is not covered by short term assets (assets are 0.5x debt).
Financial Institutions Analysis
Asset Level: CVBF's level of assets compared to its equity is low.
Allowance for Bad Loans: CVBF has a sufficient allowance for bad loans.
Low Risk Liabilities: CVBF's liabilities are made up of primarily low risk sources of funding.
Loan Level: CVBF has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CVBF's loans are broadly funded by customer deposits.
Level of Bad Loans: CVBF has an appropriate level of bad loans (0.07%)
What is CVB Financial's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CVBF's dividend (3.75%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: CVBF's dividend (3.75%) is low compared to the top 25% of dividend payers in the US market (5.45%).
Stability and Growth of Payments
Stable Dividend: CVBF's dividends per share have been stable in the past 10 years.
Growing Dividend: CVBF's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.5%), CVBF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CVBF's dividends in 3 years are forecast to be covered by earnings (56.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dave Brager (51yo)
Mr. David A. Brager also known as Dave, is Chief Executive Office and Director at CVB Financial Corp. and Citizens Business Bank (the “Bank”) since March 16, 2020 and served as its Executive Vice President ...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD1.06M) is below average for companies of similar size in the US market ($USD5.51M).
Compensation vs Earnings: Dave's compensation has increased by more than 20% in the past year.
|CEO & Director||no data||US$1.06m||0.037% $1.0m|
|Chief Financial Officer||3.83yrs||US$907.34k||0.026% $713.6k|
|Consultant||no data||US$7.69m||0.16% $4.4m|
|Executive VP & COO of Citizens Business Bank||10.25yrs||US$1.04m||0.038% $1.0m|
|Executive VP & Chief Credit Officer of Citizens Business Bank||3.67yrs||US$676.89k||0.0094% $253.1k|
|Corporate Secretary||no data||no data||no data|
|Executive VP & General Counsel||8.42yrs||no data||0.0041% $109.3k|
|Executive VP & Chief Risk Officer||11.17yrs||no data||0.056% $1.5m|
|Senior Vice President of Citizens Business Bank||no data||no data||no data|
|Senior Vice President of Los Angeles Region-Metro - Citizens Business Bank||0.83yr||no data||no data|
Experienced Management: CVBF's management team is seasoned and experienced (6.1 years average tenure).
|CEO & Director||no data||US$1.06m||0.037% $1.0m|
|Independent Director||2.67yrs||US$131.79k||0.014% $378.3k|
|Independent Director||1.58yrs||US$99.49k||0.015% $404.5k|
|Chairman of the Board||5.17yrs||US$215.03k||0.023% $615.1k|
|Independent Director||4.58yrs||US$139.29k||0.014% $384.3k|
|Independent Director||6.17yrs||US$131.79k||0.014% $384.3k|
|Vice Chairman of the Board||6yrs||US$171.79k||4.93% $132.7m|
|Independent Director||7.42yrs||US$131.79k||0.022% $589.7k|
|Independent Director||3.67yrs||US$131.79k||0.014% $384.3k|
Experienced Board: CVBF's board of directors are considered experienced (4.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CVBF insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.9%.
CVB Financial Corp.'s company bio, employee growth, exchange listings and data sources
- Name: CVB Financial Corp.
- Ticker: CVBF
- Exchange: NasdaqGS
- Founded: 1974
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$2.693b
- Shares outstanding: 140.11m
- Website: https://www.cbbank.com
Number of Employees
- CVB Financial Corp.
- 701 North Haven Avenue
- Suite 350
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CVBF||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Mar 1983|
|BCV||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Mar 1983|
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. It also provides commercial lending products comprising lines of credit and other working capital financing, accounts receivable lending, and letters of credit; loans to finance the operating needs of wholesale dairy farm operations, cattle feeders, livestock raisers, and farmers; lease financing services for municipal governments; commercial real estate and construction loans that are secured by owner-occupied and investor owned properties; and consumer financing products, including automobile leasing and financing, lines of credit, credit cards, home mortgages, and home equity loans and lines of credit. In addition, the company offers various specialized services, such as cash management systems for monitoring cash flow, a credit card program for merchants, courier pick-up and delivery, payroll services, remote deposit capture, electronic funds transfer, and online account access. Further, it provides trust and investment-related services to customers through its CitizensTrust Division, such as fiduciary services, mutual funds, annuities, 401(k) plans, and individual investment accounts. The company’s customers consist primarily of small to mid-sized businesses and individuals located in the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California. As of December 31, 2018, the company operated 68 banking centers and 3 trust office locations. CVB Financial Corp. was founded in 1974 and is headquartered in Ontario, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/29 00:03|
|End of Day Share Price||2020/03/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.