CVB Financial Corporation (CVBF) : The traders have covered their outstanding shorts in CVB Financial Corporation (CVBF) to the tune of -142,568 shares, a change of -2%. As on Jul 29, 2016, the outstanding shorts on the stock were 7,325,955 shares, however, by August 15, 2016, the shorts had reduced to 7,183,387 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 7.2% of the free float of the stock. It takes 21 days to cover the outstanding short positions. The stock has an average daily volume of 345,083 shares. The short interest information was released on Wednesday Aug 24th after the market close.
CVB Financial Corporation (NASDAQ:CVBF): The stock was completely flat for the day, closing at $17.30 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $17.32, the stock touched an intraday high of $17.44 and a low of $17.19. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $17.30. The total trading volume on Wednesday was 256,141.
In a related news,The director officer (President & CEO) of Cvb Financial Corp, Myers Christopher D sold 25,000 shares at $17.08 on August 15, 2016. The Insider selling transaction had a total value worth of $427,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.