CVB Financial Corp. (NASDAQ:CVBF) CEO Christopher D. Myers sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $21.36, for a total transaction of $534,000.00. Following the transaction, the chief executive officer now directly owns 355,052 shares in the company, valued at approximately $7,583,910.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of CVB Financial Corp. (NASDAQ:CVBF) opened at 21.69 on Friday. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 22.59 and a beta of 1.37. CVB Financial Corp. has a one year low of $14.02 and a one year high of $21.78. The firm has a 50-day moving average of $18.22 and a 200 day moving average of $17.27.

CVB Financial Corp. (NASDAQ:CVBF) last released its quarterly earnings data on Wednesday, October 19th. The financial services provider reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by $0.01. CVB Financial Corp. had a net margin of 34.39% and a return on equity of 10.59%. During the same period last year, the company posted $0.26 earnings per share. Equities research analysts anticipate that CVB Financial Corp. will post $0.93 EPS for the current year.

Insider Buying and Selling by Quarter for CVB Financial Corp. (NASDAQ:CVBF)

A number of equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of CVB Financial Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 28th. Keefe, Bruyette & Woods boosted their target price on shares of CVB Financial Corp. from $17.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 27th. Hovde Group lowered shares of CVB Financial Corp. from a “market perform” rating to an “underperform” rating and set a $19.00 target price on the stock. in a research report on Monday. Finally, DA Davidson reaffirmed a “hold” rating and set a $18.00 target price on shares of CVB Financial Corp. in a research report on Monday, September 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. CVB Financial Corp. currently has a consensus rating of “Hold” and an average target price of $18.50.

Large investors have recently added to or reduced their stakes in the stock. Schafer Cullen Capital Management Inc. increased its stake in CVB Financial Corp. by 9.9% in the third quarter. Schafer Cullen Capital Management Inc. now owns 31,425 shares of the financial services provider’s stock valued at $553,000 after buying an additional 2,820 shares during the last quarter. Eaton Vance Management increased its stake in CVB Financial Corp. by 245.0% in the third quarter. Eaton Vance Management now owns 214,036 shares of the financial services provider’s stock valued at $3,769,000 after buying an additional 152,000 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in CVB Financial Corp. during the third quarter valued at approximately $1,212,000. Two Sigma Securities LLC bought a new stake in CVB Financial Corp. during the third quarter valued at approximately $322,000. Finally, Two Sigma Advisers LP bought a new stake in CVB Financial Corp. during the third quarter valued at approximately $259,000. 66.04% of the stock is owned by institutional investors.

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CVB Financial Corp. Company Profile

CVB Financial Corp. is the bank holding company for Citizens Business Bank (the Bank). The Bank’s segments include Business Financial and Commercial Banking Centers (Centers), Treasury and Others. The Company’s all administrative and other smaller operating departments are combined into the Other segment.

5 Day Chart for NASDAQ:CVBF

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