Charles Schwab Investment Management Inc. boosted its holdings in shares of CVB Financial Corp. (NASDAQ:CVBF - Free Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,156,518 shares of the financial services provider's stock after purchasing an additional 204,164 shares during the period. Charles Schwab Investment Management Inc. owned about 3.69% of CVB Financial worth $110,401,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in shares of CVB Financial by 144.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,389 shares of the financial services provider's stock worth $95,000 after buying an additional 2,597 shares during the last quarter. KBC Group NV raised its stake in CVB Financial by 35.0% during the fourth quarter. KBC Group NV now owns 6,005 shares of the financial services provider's stock worth $129,000 after acquiring an additional 1,556 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of CVB Financial by 17.7% in the fourth quarter. Blue Trust Inc. now owns 6,108 shares of the financial services provider's stock worth $131,000 after acquiring an additional 918 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in shares of CVB Financial in the 4th quarter valued at approximately $201,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of CVB Financial during the 4th quarter valued at approximately $206,000. Institutional investors and hedge funds own 74.18% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. Stephens dropped their price objective on shares of CVB Financial from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Monday, January 27th. Keefe, Bruyette & Woods increased their price target on CVB Financial from $23.00 to $27.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, CVB Financial has an average rating of "Hold" and an average target price of $22.20.
Check Out Our Latest Report on CVB Financial
CVB Financial Stock Up 0.4 %
NASDAQ CVBF traded up $0.07 on Wednesday, hitting $18.62. The company's stock had a trading volume of 475,389 shares, compared to its average volume of 766,144. The company's 50-day moving average is $20.33 and its 200 day moving average is $20.28. The firm has a market cap of $2.60 billion, a PE ratio of 12.97 and a beta of 0.46. CVB Financial Corp. has a 1-year low of $15.71 and a 1-year high of $24.58.
CVB Financial (NASDAQ:CVBF - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. CVB Financial had a return on equity of 9.35% and a net margin of 29.32%. On average, equities analysts expect that CVB Financial Corp. will post 1.41 EPS for the current year.
CVB Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date was Tuesday, December 31st. CVB Financial's dividend payout ratio is currently 55.56%.
CVB Financial Company Profile
(
Free Report)
CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. It offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers.
Recommended Stories
Before you consider CVB Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CVB Financial wasn't on the list.
While CVB Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
