CVB Financial Corp. (CVBF) Director Guercio Stephen A. Del Sells 3,000 Shares

CVB Financial Corp. (NASDAQ:CVBF) Director Guercio Stephen A. Del sold 3,000 shares of CVB Financial Corp. stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $23.48, for a total value of $70,440.00. Following the completion of the transaction, the director now directly owns 19,000 shares of the company’s stock, valued at $446,120. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of CVB Financial Corp. (NASDAQ:CVBF) traded down 2.15% during trading on Monday, hitting $23.25. The stock had a trading volume of 175,988 shares. The stock’s 50-day moving average price is $23.22 and its 200-day moving average price is $20.62. The company has a market cap of $2.52 billion, a P/E ratio of 24.73 and a beta of 1.47. CVB Financial Corp. has a one year low of $15.25 and a one year high of $24.63.

CVB Financial Corp. (NASDAQ:CVBF) last posted its quarterly earnings data on Wednesday, January 18th. The financial services provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. CVB Financial Corp. had a return on equity of 10.25% and a net margin of 33.74%. During the same quarter last year, the company earned $0.27 EPS. On average, equities research analysts forecast that CVB Financial Corp. will post $1.02 EPS for the current fiscal year.

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

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A number of institutional investors have recently added to or reduced their stakes in CVBF. Commonwealth Equity Services Inc increased its position in CVB Financial Corp. by 0.4% in the third quarter. Commonwealth Equity Services Inc now owns 132,113 shares of the financial services provider’s stock valued at $2,327,000 after buying an additional 583 shares during the period. Great West Life Assurance Co. Can increased its position in CVB Financial Corp. by 5.2% in the third quarter. Great West Life Assurance Co. Can now owns 133,701 shares of the financial services provider’s stock valued at $2,353,000 after buying an additional 6,603 shares during the period. Wells Fargo & Company MN increased its position in CVB Financial Corp. by 14.3% in the third quarter. Wells Fargo & Company MN now owns 84,659 shares of the financial services provider’s stock valued at $1,490,000 after buying an additional 10,569 shares during the period. Aperio Group LLC increased its position in CVB Financial Corp. by 8.6% in the third quarter. Aperio Group LLC now owns 27,393 shares of the financial services provider’s stock valued at $482,000 after buying an additional 2,173 shares during the period. Finally, Neuberger Berman Group LLC increased its position in CVB Financial Corp. by 12.2% in the third quarter. Neuberger Berman Group LLC now owns 7,696,179 shares of the financial services provider’s stock valued at $135,530,000 after buying an additional 839,828 shares during the period. Hedge funds and other institutional investors own 66.76% of the company’s stock.

Several research firms have weighed in on CVBF. Zacks Investment Research downgraded CVB Financial Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, January 24th. Hovde Group downgraded CVB Financial Corp. from a “market perform” rating to an “underperform” rating and set a $19.00 target price for the company. in a research report on Monday, November 21st. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $18.50.

About CVB Financial Corp.

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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