CVB Financial (NASDAQ:CVBF – Get Free Report) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35, Briefing.com reports. CVB Financial had a net margin of 30.93% and a return on equity of 10.84%. The firm had revenue of $126.57 million for the quarter, compared to the consensus estimate of $127.46 million. During the same period in the prior year, the firm posted $0.42 earnings per share. The company’s revenue for the quarter was down 8.9% on a year-over-year basis.
CVB Financial Stock Performance
Shares of CVBF traded down $0.03 during trading hours on Friday, hitting $16.48. The company had a trading volume of 651,521 shares, compared to its average volume of 712,491. The firm has a fifty day moving average price of $16.98 and a 200-day moving average price of $17.70. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 10.84 and a beta of 0.46. CVB Financial has a 52-week low of $10.66 and a 52-week high of $21.77.
CVB Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Wednesday, April 3rd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend was Tuesday, April 2nd. CVB Financial’s dividend payout ratio is currently 52.63%.
Analyst Ratings Changes
Check Out Our Latest Report on CVB Financial
Insider Transactions at CVB Financial
In related news, Director George A. Borba, Jr. purchased 59,601 shares of the stock in a transaction dated Tuesday, February 6th. The stock was purchased at an average price of $16.78 per share, with a total value of $1,000,104.78. Following the transaction, the director now directly owns 626,311 shares in the company, valued at $10,509,498.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director George A. Borba, Jr. purchased 59,601 shares of the stock in a transaction dated Tuesday, February 6th. The stock was purchased at an average price of $16.78 per share, with a total value of $1,000,104.78. Following the transaction, the director now directly owns 626,311 shares in the company, valued at $10,509,498.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David A. Brager purchased 2,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was bought at an average cost of $16.75 per share, with a total value of $33,500.00. Following the transaction, the chief executive officer now owns 152,814 shares in the company, valued at $2,559,634.50. The disclosure for this purchase can be found here. Insiders purchased a total of 63,601 shares of company stock valued at $1,067,145 in the last quarter. 6.00% of the stock is owned by insiders.
About CVB Financial
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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