Cvb Financial Corp (CVBF): San Vaccaro , director of Cvb Financial Corp sold 22,520 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $17.24 per share for a total value of $388,328.12 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 3, 2016, San Vaccaro (director) sold 22,520 shares at $17.24 per share price.On Apr 29, 2016, Robert Jacoby (director) sold 27,500 shares at $17.09 per share price.Also, On Apr 29, 2016, David A. Brager (EVP Sales Division Manager) sold 3,619 shares at $17.19 per share price.On Apr 26, 2016, Hal W Oswalt (director) purchased 3,000 shares at $17.35 per share price.
CVB Financial Corp.: On Monday, May 2, 2016 heightened volatility was witnessed in CVB Financial Corp. which led to swings in the share price. The shares opened for trading at $17.21 and hit $17.31 on the upside , eventually ending the session at $17.27, with a gain of 0.52% or 0.09 points. The heightened volatility saw the trading volume jump to 5,53,641 shares. The 52-week high of the share price is $18.77 and the company has a market cap of $1,837 M . The 52-week low of the share price is at $14.02.
Company has been under the radar of several Street Analysts.CVB Financial Corp. is Downgraded by FIG Partners to Market Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 25, 2016.
CVB Financial Corp. is a bank holding company. The Company serves as a holding company for Citizens Business Bank (the Bank). The Bank operates through segments: Business Financial and Commercial Banking Centers (Centers) and Treasury. These Centers are the focal points for customer sales and services. All administrative and other smaller operating departments are combined into the Other segment. The Treasury Departments primary focus is managing the Banks investments liquidity and interest rate risk. The Companys remaining operating segments which include construction lending dairy and livestock and agribusiness lending leasing CitizensTrust and centralized functions form part of the Other segment. As of December 31 2014 the Company had $7.38 billion in total consolidated assets $3.76 billion in net loans $5.6 billion in deposits $563.6 million in customer repurchase agreements and $199.5 million in Federal Home Loan Bank advances.