Markets

Pick Up This Bargain Even Cheaper Than Director Oswalt Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on December 8, CVB Financial Corp.'s Director, Hal W. Oswalt, invested $17,497.80 into 1,000 shares of CVBF, for a cost per share of $17.50. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Monday, bargain hunters could buy shares of CVB Financial Corp. (Symbol: CVBF) and achieve a cost basis 5.7% cheaper than Oswalt, with shares changing hands as low as $16.50 per share. CVB Financial Corp. shares are currently trading off about 0.1% on the day. The chart below shows the one year performance of CVBF shares, versus its 200 day moving average:

CVB Financial Corp. Chart

Looking at the chart above, CVBF's low point in its 52 week range is $14.53 per share, with $18.77 as the 52 week high point - that compares with a last trade of $16.47. By comparison, below is a table showing the prices at which CVBF insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
12/08/2015 Hal W. Oswalt Director 1,000 $17.50 $17,497.80

The current annualized dividend paid by CVB Financial Corp. is $0.48/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 10/05/2015. Below is a long-term dividend history chart for CVBF, which can be of good help in judging whether the most recent dividend with approx. 2.9% annualized yield is likely to continue.

CVBF+Dividend+History+Chart

According to the ETF Finder at ETF Channel, CVBF makes up 1.96% of the PowerShares KBW Regional Banking Portfolio ETF (Symbol: KBWR) which is trading higher by about 0.2% on the day Monday.

Click here to find out which 9 other dividend bargains you can buy cheaper than insiders »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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