CVB Financial Corp. (CVBF) Plans Quarterly Dividend of $0.10
CVB Financial Corp. (NASDAQ:CVBF) declared a quarterly dividend on Wednesday, June 18th, AnalystRatings.NET reports. Stockholders of record on Wednesday, July 2nd will be given a dividend of 0.10 per share on Thursday, July 17th. This represents a $0.40 dividend on an annualized basis and a yield of 2.46%.
On a related note, 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. CVB Financial Corp. has an average rating of “Hold” and a consensus price target of $15.79.
Shares of CVB Financial Corp. (NASDAQ:CVBF) traded up 1.88% on Wednesday, hitting $16.23. 647,711 shares of the company’s stock traded hands. CVB Financial Corp. has a 52 week low of $11.11 and a 52 week high of $17.48. The stock has a 50-day moving average of $14. and a 200-day moving average of $15.55. The company has a market cap of $1.719 billion and a price-to-earnings ratio of 16.42.
CVB Financial Corp. (NASDAQ:CVBF) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. During the same quarter in the previous year, the company posted $0.21 earnings per share. Analysts expect that CVB Financial Corp. will post $0.94 EPS for the current fiscal year.
In other CVB Financial Corp. news, EVP David A. Brager unloaded 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $15.61, for a total transaction of $78,050.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
CVB Financial Corp. (NASDAQ:CVBF) is a bank holding company of Citizens Business Bank (the Bank).
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