CVB Financial (NASDAQ:CVBF – Get Free Report) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35, Briefing.com reports. CVB Financial had a net margin of 33.26% and a return on equity of 11.50%. The company had revenue of $126.57 million during the quarter, compared to analysts’ expectations of $127.46 million. During the same quarter in the previous year, the company earned $0.42 EPS. CVB Financial’s revenue was down 8.9% on a year-over-year basis.
CVB Financial Price Performance
CVBF traded down $0.48 during trading on Thursday, reaching $16.61. The company had a trading volume of 259,085 shares, compared to its average volume of 891,128. CVB Financial has a 12 month low of $10.66 and a 12 month high of $21.77. The business’s fifty day moving average price is $17.02 and its 200 day moving average price is $17.70. The company has a market cap of $2.32 billion, a P/E ratio of 10.75 and a beta of 0.46.
CVB Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Wednesday, April 3rd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date was Tuesday, April 2nd. CVB Financial’s payout ratio is currently 50.31%.
Analyst Ratings Changes
Get Our Latest Stock Report on CVB Financial
Insider Buying and Selling at CVB Financial
In other CVB Financial news, CFO E Allen Nicholson acquired 2,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were acquired at an average price of $16.77 per share, with a total value of $33,540.00. Following the completion of the transaction, the chief financial officer now directly owns 92,310 shares in the company, valued at approximately $1,548,038.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director George A. Borba, Jr. purchased 59,601 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were purchased at an average cost of $16.78 per share, with a total value of $1,000,104.78. Following the completion of the transaction, the director now owns 626,311 shares of the company’s stock, valued at approximately $10,509,498.58. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO E Allen Nicholson purchased 2,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were purchased at an average cost of $16.77 per share, for a total transaction of $33,540.00. Following the completion of the transaction, the chief financial officer now directly owns 92,310 shares of the company’s stock, valued at approximately $1,548,038.70. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 63,601 shares of company stock valued at $1,067,145. 6.00% of the stock is currently owned by corporate 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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