CVB Financial Corp. (NASDAQ:CVBF – Get Free Report) EVP David F. Farnsworth acquired 1,100 shares of the stock in a transaction dated Tuesday, April 30th. The shares were bought at an average price of $16.41 per share, for a total transaction of $18,051.00. Following the transaction, the executive vice president now owns 57,474 shares in the company, valued at approximately $943,148.34. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
CVB Financial Stock Performance
Shares of CVBF stock traded down $0.12 during trading hours on Tuesday, reaching $16.34. The company had a trading volume of 957,444 shares, compared to its average volume of 901,821. The business has a fifty day moving average price of $16.96 and a 200-day moving average price of $17.72. CVB Financial Corp. has a one year low of $10.66 and a one year high of $21.77. The firm has a market cap of $2.28 billion, a PE ratio of 10.84 and a beta of 0.46.
CVB Financial (NASDAQ:CVBF – Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $126.57 million for the quarter, compared to analysts’ expectations of $127.46 million. CVB Financial had a net margin of 30.93% and a return on equity of 10.84%. The company’s revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 EPS. Equities research analysts forecast that CVB Financial Corp. will post 1.41 EPS for the current year.
CVB Financial Dividend Announcement
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Wedbush restated a “neutral” rating and set a $19.00 price objective on shares of CVB Financial in a research report on Thursday, April 25th. Stephens reaffirmed an “equal weight” rating and set a $20.00 target price on shares of CVB Financial in a report on Thursday, April 25th. StockNews.com raised shares of CVB Financial to a “sell” rating in a report on Friday, January 5th. Hovde Group lowered shares of CVB Financial from an “outperform” rating to a “market perform” rating and set a $18.00 target price on the stock. in a report on Monday, April 22nd. Finally, Keefe, Bruyette & Woods cut their price target on shares of CVB Financial from $20.00 to $19.00 and set a “market perform” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, CVB Financial currently has an average rating of “Hold” and a consensus target price of $19.00.
Read Our Latest Analysis on CVBF
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in CVBF. Strs Ohio bought a new stake in CVB Financial during the 4th quarter valued at approximately $36,000. GAMMA Investing LLC bought a new stake in CVB Financial during the 4th quarter valued at approximately $102,000. Headlands Technologies LLC bought a new stake in CVB Financial during the 4th quarter valued at approximately $122,000. Covestor Ltd raised its stake in CVB Financial by 11.2% during the 3rd quarter. Covestor Ltd now owns 8,761 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 885 shares during the period. Finally, Assetmark Inc. raised its stake in CVB Financial by 141.5% during the 4th quarter. Assetmark Inc. now owns 8,598 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 5,038 shares during the period. Institutional investors own 74.18% of the company’s stock.
CVB Financial Company Profile
CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. It offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers.
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