CVB Financial (CVBF) Scheduled to Post Quarterly Earnings on Wednesday

CVB Financial (NASDAQ:CVBF – Get Rating) is scheduled to announce its earnings results after the market closes on Wednesday, January 25th. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

CVB Financial Stock Performance

CVBF stock traded down $0.28 during trading on Tuesday, hitting $24.30. 556,742 shares of the company traded hands, compared to its average volume of 580,769. The firm has a market capitalization of $3.40 billion, a PE ratio of 15.78 and a beta of 0.44. CVB Financial has a 1 year low of $21.44 and a 1 year high of $29.25. The company has a 50-day moving average of $26.38 and a 200-day moving average of $26.52.

CVB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Thursday, December 29th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Wednesday, December 28th. CVB Financial’s dividend payout ratio is presently 51.95%.

Insider Activity at CVB Financial

In other CVB Financial news, EVP David F. Farnsworth sold 3,447 shares of CVB Financial stock in a transaction on Friday, October 28th. The stock was sold at an average price of $28.48, for a total value of $98,170.56. Following the completion of the sale, the executive vice president now owns 34,796 shares of the company’s stock, valued at approximately $990,990.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP David F. Farnsworth sold 11,553 shares of the firm’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $28.51, for a total value of $329,376.03. Following the transaction, the executive vice president now directly owns 34,796 shares in the company, valued at approximately $992,033.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP David F. Farnsworth sold 3,447 shares of the firm’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $28.48, for a total value of $98,170.56. Following the completion of the transaction, the executive vice president now owns 34,796 shares in the company, valued at $990,990.08. The disclosure for this sale can be found here. 5.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CVB Financial

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC lifted its position in CVB Financial by 96.0% during the second quarter. FMR LLC now owns 1,756 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 860 shares in the last quarter. Royal Bank of Canada lifted its position in shares of CVB Financial by 277.7% in the third quarter. Royal Bank of Canada now owns 2,878 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 2,116 shares in the last quarter. Covestor Ltd lifted its position in shares of CVB Financial by 73.9% in the first quarter. Covestor Ltd now owns 4,609 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 1,959 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of CVB Financial in the second quarter valued at about $129,000. Finally, Captrust Financial Advisors lifted its position in shares of CVB Financial by 36.5% in the first quarter. Captrust Financial Advisors now owns 6,494 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 1,738 shares in the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. StockNews.com upgraded CVB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 18th. Keefe, Bruyette & Woods cut CVB Financial from an “outperform” rating to a “market perform” rating and set a $32.00 price objective for the company. in a report on Friday, October 21st.

CVB Financial Company Profile

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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.