CVB Financial Corp. (NASDAQ:CVBF) EVP David F. Farnsworth Buys 1,100 Shares

CVB Financial Corp. (NASDAQ:CVBF) 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) 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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Wednesday, April 3rd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Tuesday, April 2nd. CVB Financial’s dividend payout ratio (DPR) is currently 52.63%.

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.

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.