Shares of the company are trading at $23.88 just a bit higher than the 50 day moving average of $22.66 and a bit higher than the 200 day moving average of $21.75. The 50 day moving average moved up $1.22 and the 200 day average went up $2.13 or +9.82%. CVB Financial Corporation shares had a trading volume of 7,477 on Tuesday. Shares saw a steep decrease in trading volume of 98.11% under the normal average daily volume.
Investors are more bullish of late if you look at the downtick in short interest. The stock had a fall in short interest of -5.30% between September 15, 2017 and September 29, 2017. Short interest decreased 350,132 over that period. With short interest at 6,253,752 and short average daily volume at 435,393, the short-interest ratio is 14.0 and the percentage of shorted shares was 0.06% on September 29.
CVB Financial Corporation (NASDAQ:CVBF) has been the object of insider buying activity recently. Anna Kan, Director purchased $100,190 worth of shares at an average price of $21.50 on August 3rd. Kan now owns $379,690 of stock as recorded in a recent Form 4 SEC filing.
A few notable investment firms have updated their holdings. As of the end of the quarter Cutler Group LP had bought 800 shares growing its holdings by 800.0%. The value of the investment in CVBF went from $0 to $1,000 a change of $1,000 for the reporting period. Btim Corp. reduced its position by selling 900 shares a decrease of 0.4% from 06/30/2017 to 09/30/2017. Btim Corp. now holds 252,125 shares worth $6,094,000. The value of the position overall is up by 7.4%.
As of quarter end Louisiana State Employees Retirement System had disposed of a total of 200 shares trimming its stake by 0.5%. The value of the company’s investment in CVB Financial Corporation increased from $935,000 to $1,003,000 increasing 7.3% quarter over quarter. Fisher Asset Management, LLC cut its ownership by shedding 3,180 shares a decrease of 1.9% as of 09/30/2017. Fisher Asset Management, LLC now controls 166,112 shares with a value of $4,015,000. The total value of its holdings increased 5.7%.
The company is now down since yesterday’s close of 24.03. Additionally CVB Financial Corporation announced a dividend paid on Thursday the 19th of October 2017. The dividend was $0.140 per share for the quarter which is $0.56 annualized. This dividend amount was represent a yield of $2.33. The ex-dividend date was set for Tuesday the 3rd of October 2017.
CVB Financial Corporation currently has a P/E ratio of 23.74 and the market value is 2.63B. As of the latest earnings report the EPS was $1.01 and is expected to be $1.06 for the current year with 110,151,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.27 and the next full year EPS is anticipated to be $1.14.
CVB Financial Corp. (CVB), launched on April 27, 1981, is the bank holding company for Citizens Business Bank (the Bank). The Bank operates through two segments: Business Financial and Commercial Banking Centers (Centers), and Other Operations. The Business’s all administrative and other smaller operating departments are combined into the Other segment. As of December 31, 2016, there were 42 Business Financial Centers and eight Commercial Banking Centers located in the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California. Its trust offices are located in Ontario, Newport Beach and Pasadena. These offices serve as sales offices for the Bank’s wealth management, trust and investment products..