In yesterday’s Wall Street session, CVB Financial Corp. (NASDAQ:CVBF) shares traded at $14.40, up 3.45% from the previous session.
CVBF stock price is now 9.97% away from the 50-day moving average and -32.20% away from the 200-day moving average. The market capitalization of the company currently stands at $1.96B.
In other news, Olvera Jane, Director bought 1,200 shares of the company’s stock on Mar 13. The stock was bought for $21,695 at an average price of $18.08. Upon completion of the transaction, the Director now directly owns 1,200 shares in the company, valued at $17280.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13, EVP & CCO Farnsworth David F bought 1,000 shares of the business’s stock. A total of $20,760 was incurred on buying the stock at an average price of $20.76. This leaves the insider owning 41,392 shares of the company worth $0.6 million. Insiders disposed of 86,215 shares of company stock worth roughly $1.24 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CVBF stock. A new stake in CVB Financial Corp. shares was purchased by TWO SIGMA INVESTMENTS, LP during the first quarter worth $4,414,000. TANG CAPITAL MANAGEMENT LLC invested $2,880,000 in shares of CVBF during the first quarter. In the first quarter, WALLEYE CAPITAL LLC acquired a new stake in CVB Financial Corp. valued at approximately $2,790,000. JUMP FINANCIAL, LLC acquired a new stake in CVBF for approximately $2,475,000. MARSHALL WACE, LLP purchased a new stake in CVBF valued at around $2,447,000 in the second quarter. In total, there are 327 active investors with 74.20% ownership of the company’s stock.
On Wednesday morning CVB Financial Corp. (NASDAQ: CVBF) stock kicked off with the opening price of $14.22. During the past 12 months, CVB Financial Corp. has had a low of $10.66 and a high of $29.25. The fifty day moving average price for CVBF is $13.08 and a two-hundred day moving average price translates $21.18 for the stock.
The latest earnings results from CVB Financial Corp. (NASDAQ: CVBF) was released for Mar, 2023. According to the Banks – Regional Company, earnings per share came in at $0.42, missing analysts’ expectations of $0.44 by -0.02. This compares to $0.31 EPS in the same period last year. The company reported revenue of $142.79 million for the quarter, compared to $114.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.14 percent. For the current quarter, analysts expect CVBF to generate $120.23M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/20/2023. Investors who held shares on 07/06/2023 were paid a $0.20 dividend. On an annualized basis, this represents a $0.80 dividend and a 5.56% percent yield. There was an ex-dividend date of 07/05/2023 for this dividend. In terms of dividend payout ratio, CVBF is presently at 46.23%.
CVB Financial Corp.(CVBF) 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. The company also provides commercial lending products comprising lines of credit and other working capital financing, accounts receivable lending, and letters of credit; agriculture loans to finance the operating needs of wholesale dairy farm operations, cattle feeders, livestock raisers, and farmers; lease financing services for municipal governments; commercial real estate and construction loans; and consumer financing products, including automobile leasing and financing, lines of credit, credit cards, home mortgages, and home equity loans and lines of credit. In addition, it offers various specialized services, such as treasury management systems for monitoring cash flow, merchant card processing program, armored pick-up and delivery, payroll services, remote deposit capture, electronic funds transfers, wires and automated clearinghouse, and online account access. Further, the company provides trust services, such as fiduciary services, mutual funds, annuities, 401(k) plans, and individual investment accounts. The company was founded in 1974 and is headquartered in Ontario, California.
