A Director at Cvb Financial Corp. (NASDAQ: CVBF) is Selling Shares

By George MacDonald

Yesterday, a Director at Cvb Financial Corp. (NASDAQ: CVBF), Robert Jacoby, sold shares of CVBF for $470k.

Following Robert Jacoby’s last CVBF Sell transaction on December 09, 2014, the stock climbed by 1.6%. In addition to Robert Jacoby, 2 other CVBF executives reported Sell trades in the last month.

Based on Cvb Financial Corp.`s latest earnings report from December 31, the company posted quarterly revenue of $73.8M and quarterly net profit of $28.61M. In comparison, last year the company earned revenue of $72.19M and had a net profit of $15.83M. CVBF’s market cap is $1.85B and the company has a P/E ratio of 17.18%. The company has a one year high of $18.51 and a one year low of $13.92.

In the last 30 days, insiders have sold $532.1k worth of CVBF shares and purchased $438.1k worth of CVBF shares. Over the last 3 months, the insider sentiment on Cvb Financial Corp. has been neutral based on 27 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

CVB Financial Corp. is a bank holding company, which, through its subsidiary Citizens Business Bank provides traditional banking activities, including the acceptance of deposits and the lending and investing of money. It also provides automobile and equipment leasing to customers through its Citizens Financial Services Group. The company operates through two business segments: Business Financial and Commercial Banking Centers and Treasury. The Business Financial and Commercial Banking Centers lines of business generally consist of loans, deposits, and fee generating products and services that the bank offers to its clients. The Treasury segment which manages the investment portfolio of the company. CVB Financial was founded on April 27, 1981 and is headquartered in Ontario, CA.