CVB Financial Corporation (CVBF) Director Anna Kan Buys 4,660 Shares
CVB Financial Corporation (NASDAQ:CVBF) Director Anna Kan acquired 4,660 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were bought at an average cost of $21.50 per share, with a total value of $100,190.00. Following the completion of the transaction, the director now directly owns 17,660 shares in the company, valued at approximately $379,690. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
CVB Financial Corporation (NASDAQ:CVBF) traded up 0.32% during mid-day trading on Monday, hitting $21.63. The stock had a trading volume of 90,832 shares. CVB Financial Corporation has a 12-month low of $16.19 and a 12-month high of $24.63. The company has a 50-day moving average of $22.08 and a 200-day moving average of $22.07. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 21.50 and a beta of 1.51.
CVB Financial Corporation (NASDAQ:CVBF) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The business had revenue of $81.26 million during the quarter, compared to the consensus estimate of $80.10 million. CVB Financial Corporation had a return on equity of 10.67% and a net margin of 35.33%. During the same period in the previous year, the firm posted $0.23 earnings per share. On average, analysts anticipate that CVB Financial Corporation will post $1.06 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Stockholders of record on Thursday, July 6th were given a dividend of $0.14 per share. The ex-dividend date was Monday, July 3rd. This is an increase from CVB Financial Corporation’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 2.60%. CVB Financial Corporation’s payout ratio is currently 56.00%.
A number of analysts have weighed in on the company. Keefe, Bruyette & Woods set a $23.00 price objective on CVB Financial Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 4th. Zacks Investment Research cut CVB Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub raised CVB Financial Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Wedbush reaffirmed a “neutral” rating and set a $22.00 price objective on shares of CVB Financial Corporation in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. CVB Financial Corporation presently has a consensus rating of “Hold” and a consensus price target of $21.50.
Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of CVB Financial Corporation during the fourth quarter valued at about $251,000. Guggenheim Capital LLC increased its position in shares of CVB Financial Corporation by 60.7% in the fourth quarter. Guggenheim Capital LLC now owns 26,447 shares of the financial services provider’s stock valued at $606,000 after buying an additional 9,993 shares in the last quarter. Norges Bank acquired a new position in shares of CVB Financial Corporation during the fourth quarter valued at about $15,996,000. Teachers Advisors LLC increased its position in shares of CVB Financial Corporation by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 183,513 shares of the financial services provider’s stock valued at $4,208,000 after buying an additional 4,097 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of CVB Financial Corporation by 8.6% in the first quarter. Bank of Montreal Can now owns 8,161 shares of the financial services provider’s stock valued at $180,000 after buying an additional 649 shares in the last quarter. Institutional investors and hedge funds own 67.79% of the company’s stock.
About CVB Financial Corporation
CVB Financial Corp. (CVB) is the bank holding company for Citizens Business Bank (the Bank). The Bank operates through two segments: Business Financial and Commercial Banking Centers (Centers), and Other Operations. The Company’s administrative and other smaller operating departments are combined into the Other segment.
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