CVB Financial Corporation (CVBF) Announces $0.14 Quarterly Dividend
CVB Financial Corporation (NASDAQ:CVBF) announced a quarterly dividend on Thursday, September 21st, NASDAQ reports. Investors of record on Wednesday, October 4th will be paid a dividend of 0.14 per share by the financial services provider on Thursday, October 19th. This represents a $0.56 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Tuesday, October 3rd.
Shares of CVB Financial Corporation (CVBF) opened at 22.31 on Friday. CVB Financial Corporation has a one year low of $16.32 and a one year high of $24.63. The company’s 50-day moving average is $20.91 and its 200-day moving average is $21.54. The stock has a market capitalization of $2.46 billion, a P/E ratio of 22.18 and a beta of 1.53.
CVB Financial Corporation (NASDAQ:CVBF) last posted its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. CVB Financial Corporation had a net margin of 35.33% and a return on equity of 10.67%. The firm had revenue of $81.26 million for the quarter, compared to analyst estimates of $80.10 million. During the same period last year, the firm posted $0.23 EPS. On average, equities research analysts anticipate that CVB Financial Corporation will post $1.06 earnings per share for the current year.
In related news, Director Anna Kan bought 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, for a total transaction of $100,190.00. Following the transaction, the director now owns 17,660 shares of the company’s stock, valued at $379,690. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 7.00% of the stock is currently owned by insiders.
A number of equities analysts recently weighed in on CVBF shares. Zacks Investment Research upgraded shares of CVB Financial Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub lowered shares of CVB Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Keefe, Bruyette & Woods set a $23.00 target price on shares of CVB Financial Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 4th. Finally, Wedbush restated a “neutral” rating and set a $22.00 target price on shares of CVB Financial Corporation in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.83.
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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