Insider Selling: CVB Financial Corp. Director Sells 25,000 Shares of Stock (CVBF)
CVB Financial Corp. (NASDAQ:CVBF) Director Robert Jacoby sold 25,000 shares of CVB Financial Corp. stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $15.54, for a total transaction of $388,500.00. Following the sale, the director now directly owns 21,012 shares of the company’s stock, valued at approximately $326,526. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at Zacks upgraded shares of CVB Financial Corp. from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 1st. They now have a $17.80 price target on the stock. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.79.
CVB Financial Corp. (NASDAQ:CVBF) traded down 0.44% during mid-day trading on Tuesday, hitting $15.75. 403,702 shares of the company’s stock traded hands. CVB Financial Corp. has a 52-week low of $10.92 and a 52-week high of $17.48. The stock has a 50-day moving average of $14.61 and a 200-day moving average of $15.56. The company has a market cap of $1.668 billion and a P/E ratio of 16.31.
CVB Financial Corp. (NASDAQ:CVBF) last released its earnings data on Wednesday, April 23rd. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.05. During the same quarter in the prior year, the company posted $0.21 earnings per share. On average, analysts predict that CVB Financial Corp. will post $0.94 earnings per share for the current fiscal year.
CVB Financial Corp. (NASDAQ:CVBF) is a bank holding company of Citizens Business Bank (the Bank).
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