CVB Financial (NASDAQ:CVBF – Get Free Report) issued its earnings results on Wednesday. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02, Briefing.com reports. CVB Financial had a net margin of 29.58% and a return on equity of 10.41%. The firm had revenue of $125.27 million for the quarter, compared to analysts’ expectations of $126.86 million. During the same quarter last year, the company posted $0.40 earnings per share. CVB Financial’s revenue was down 5.2% on a year-over-year basis.
CVB Financial Price Performance
NASDAQ CVBF opened at $20.04 on Friday. CVB Financial has a 12 month low of $14.62 and a 12 month high of $21.77. The firm has a market capitalization of $2.80 billion, a PE ratio of 13.18 and a beta of 0.47. The company’s 50 day simple moving average is $17.18 and its 200 day simple moving average is $17.26.
CVB Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, July 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.99%. CVB Financial’s dividend payout ratio is presently 52.63%.
Analysts Set New Price Targets
View Our Latest Analysis on CVBF
Insider Activity at CVB Financial
In related news, Director George A. Borba, Jr. acquired 4,610 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were acquired at an average price of $16.00 per share, for a total transaction of $73,760.00. Following the completion of the purchase, the director now directly owns 665,121 shares of the company’s stock, valued at $10,641,936. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other CVB Financial news, Director George A. Borba, Jr. bought 34,200 shares of CVB Financial stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average cost of $15.99 per share, for a total transaction of $546,858.00. Following the completion of the acquisition, the director now owns 660,511 shares of the company’s stock, valued at approximately $10,561,570.89. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director George A. Borba, Jr. bought 4,610 shares of CVB Financial stock in a transaction that occurred on Monday, June 17th. The shares were acquired at an average price of $16.00 per share, with a total value of $73,760.00. Following the completion of the acquisition, the director now directly owns 665,121 shares of the company’s stock, valued at approximately $10,641,936. The disclosure for this purchase can be found here. Insiders have purchased 39,910 shares of company stock worth $638,669 over the last quarter. 6.00% of the stock is currently owned by company insiders.
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.
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