Piper Sandler lowered the firm’s price target on CVB Financial to $23.50 from $25.50 and keeps an Overweight rating on the shares. The firm is also trimming its 2024/2025 EPS to $1.38/$1.40 from $1.50/$1.45 largely due to a lower net interest margin and higher NIE, which is partly offset by a more muted LLP.
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Read More on CVBF:
- CVB Financial Leadership Presents Q1 Results to Investors
- CVB Financial price target lowered to $21 from $22 at Wedbush
- CVB Financial reports Q4 EPS 35c with items, consensus 38c
- CVB Financial Corp. Reports Earnings for the Fourth Quarter and the Year Ended 2023
- CVBF Earnings Report this Week: Is It a Buy, Ahead of Earnings?
