CVB Financial Corp. (NASDAQ:CVBF) CEO Christopher D. Myers sold 20,000 shares of CVB Financial stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $23.85, for a total transaction of $477,000.00. Following the completion of the sale, the chief executive officer now directly owns 327,336 shares in the company, valued at approximately $7,806,963.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of CVB Financial Corp. (NASDAQ CVBF) opened at $24.32 on Tuesday. The company has a market cap of $2,672.48, a PE ratio of 22.67, 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 Corp. has a 12-month low of $19.58 and a 12-month high of $25.49.
CVB Financial (NASDAQ:CVBF) last posted its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $83.86 million for the quarter, compared to analyst estimates of $82.00 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. equities analysts forecast that CVB Financial Corp. will post 1.29 EPS for the current year.
Several analysts have commented on the stock. Zacks Investment Research lowered shares of CVB Financial from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. BidaskClub raised shares of CVB Financial from a “sell” rating to a “hold” rating in a research report on Friday, January 19th. Sandler O’Neill reaffirmed a “hold” rating and issued a $24.00 price objective on shares of CVB Financial in a research report on Thursday, January 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $26.00 price objective on shares of CVB Financial in a research report on Thursday, March 1st. Finally, Hovde Group set a $25.00 price objective on shares of CVB Financial and gave the stock a “hold” rating in a research report on Wednesday, February 28th. Eight investment analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus price target of $24.33.
CVB Financial Company Profile
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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