Today, 25,000 Shares of CVB Financial Corp. (CVBF) Stock are sold by Christopher D. Myers

Today, 25,000 Shares of CVB Financial Corp. (CVBF) Stock are sold by Christopher D. Myers
CVB Financial Corp. (NASDAQ:CVBF) CEO Christopher D. Myers sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $21.36, for a total value of $534,000.00. Following the completion of the sale, the chief executive officer now directly owns 355,052 shares of the company’s stock, valued at approximately $7,583,910.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

CVB Financial Corp. (NASDAQ:CVBF) opened at 21.69 on Friday. CVB Financial Corp. has a 52-week low of $14.02 and a 52-week high of $21.78. The company has a market cap of $2.35 billion, a PE ratio of 22.59 and a beta of 1.37. The firm’s 50-day moving average price is $18.22 and its 200 day moving average price is $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 Thomson Reuters’ 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 in the prior year, the company posted $0.26 EPS. On average, equities analysts predict that CVB Financial Corp. will post $0.93 EPS for the current fiscal year.

Several research firms have recently commented on CVBF. Hovde Group downgraded CVB Financial Corp. from a “market perform” rating to an “underperform” rating and set a $19.00 price objective for the company. in a report on Monday. Zacks Investment Research raised CVB Financial Corp. from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Tuesday, October 25th. Keefe, Bruyette & Woods raised their price target on CVB Financial Corp. from $17.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, September 27th. Finally, DA Davidson reaffirmed a “hold” rating and set a $18.00 price target on shares of CVB Financial Corp. in a report on Monday, September 26th. One 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. The company presently has a consensus rating of “Hold” and a consensus target price of $18.50.

Several large investors have recently added to or reduced their stakes in CVBF. Profund Advisors LLC increased its stake in CVB Financial Corp. by 0.9% in the second quarter. Profund Advisors LLC now owns 19,473 shares of the financial services provider’s stock valued at $319,000 after buying an additional 169 shares in the last quarter. Gamble Jones Investment Counsel increased its stake in CVB Financial Corp. by 0.7% in the second quarter. Gamble Jones Investment Counsel now owns 52,343 shares of the financial services provider’s stock valued at $858,000 after buying an additional 350 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in CVB Financial Corp. by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 22,260 shares of the financial services provider’s stock valued at $392,000 after buying an additional 380 shares in the last quarter. Commonwealth Equity Services Inc increased its stake in CVB Financial Corp. by 0.4% in the second quarter. Commonwealth Equity Services Inc now owns 131,530 shares of the financial services provider’s stock valued at $2,156,000 after buying an additional 514 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in CVB Financial Corp. by 8.7% in the third quarter. Victory Capital Management Inc. now owns 6,751 shares of the financial services provider’s stock valued at $119,000 after buying an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 66.04% of the company’s stock.

CVB Financial Corp. Company Profile

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