CVB Financial Corp. (NASDAQ:CVBF) CEO Christopher D. Myers sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $23.85, for a total transaction of $477,000.00. Following the sale, the chief executive officer now owns 327,336 shares in the company, valued at $7,806,963.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of CVB Financial Corp. (CVBF) traded up $0.06 on Monday, hitting $24.32. 371,378 shares of the stock were exchanged, compared to its average volume of 367,340. CVB Financial Corp. has a fifty-two week low of $19.58 and a fifty-two week high of $25.49. The firm has a market cap of $2,680.00, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 1.98 and a beta of 1.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.70 and a quick ratio of 0.70.
CVB Financial (NASDAQ:CVBF) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. CVB Financial had a net margin of 31.70% and a return on equity of 11.06%. The business had revenue of $83.86 million for the quarter, compared to analyst estimates of $82.00 million. During the same period last year, the business earned $0.25 EPS. equities research analysts expect that CVB Financial Corp. will post 1.29 EPS for the current year.
A number of research firms have issued reports on CVBF. Zacks Investment Research lowered shares of CVB Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Hovde Group set a $25.00 target price on shares of CVB Financial and gave the stock a “hold” rating in a report on Wednesday, February 28th. BidaskClub lowered shares of CVB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $26.00 price objective on shares of CVB Financial in a report on Thursday, March 1st. Finally, ValuEngine lowered shares of CVB Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Eight analysts have rated the stock with a hold rating, CVB Financial currently has a consensus rating of “Hold” and a consensus price target of $24.33.
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About CVB Financial
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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