CVB Financial (NASDAQ:CVBF – Get Free Report) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35, Briefing.com reports. The company 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 10.94%. The business’s revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.
CVB Financial Stock Down 3.4 %
Shares of CVBF opened at $16.51 on Friday. The stock has a market capitalization of $2.31 billion, a P/E ratio of 10.86 and a beta of 0.46. CVB Financial has a twelve month low of $10.66 and a twelve month high of $21.77. The company has a 50 day moving average of $17.00 and a 200-day moving average of $17.69.
CVB Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Wednesday, April 3rd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.80 annualized dividend and a dividend yield of 4.85%. CVB Financial’s dividend payout ratio is currently 52.63%.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on CVBF
Insider Transactions at CVB Financial
In other CVB Financial news, CFO E Allen Nicholson purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average cost of $16.77 per share, with a total value of $33,540.00. Following the purchase, the chief financial officer now directly owns 92,310 shares of the company’s stock, valued at $1,548,038.70. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO E Allen Nicholson bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average cost of $16.77 per share, with a total value of $33,540.00. Following the completion of the purchase, the chief financial officer now owns 92,310 shares of the company’s stock, valued at $1,548,038.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director George A. Borba, Jr. bought 59,601 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average cost of $16.78 per share, with a total value of $1,000,104.78. Following the completion of the purchase, the director now directly owns 626,311 shares of the company’s stock, valued at approximately $10,509,498.58. The disclosure for this purchase can be found here. Insiders acquired 63,601 shares of company stock valued at $1,067,145 in the last ninety days. 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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