CVB Financial Corp. (NASDAQ:CVBF) Holdings Decreased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its holdings in shares of CVB Financial Corp. (NASDAQ:CVBF - Free Report) by 40.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,844 shares of the financial services provider's stock after selling 28,891 shares during the period. Commonwealth Equity Services LLC's holdings in CVB Financial were worth $896,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in CVB Financial by 210.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,487,997 shares of the financial services provider's stock valued at $31,858,000 after acquiring an additional 1,009,146 shares in the last quarter. Wellington Management Group LLP purchased a new position in CVB Financial during the third quarter worth $8,653,000. Raymond James Financial Inc. acquired a new position in shares of CVB Financial in the fourth quarter worth $9,483,000. Jacobs Asset Management LLC purchased a new stake in shares of CVB Financial in the third quarter valued at $4,455,000. Finally, Charles Schwab Investment Management Inc. increased its position in CVB Financial by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,156,518 shares of the financial services provider's stock worth $110,401,000 after purchasing an additional 204,164 shares in the last quarter. Hedge funds and other institutional investors own 74.18% of the company's stock.

CVB Financial Trading Down 1.2 %

CVBF traded down $0.21 during midday trading on Friday, hitting $16.85. The company's stock had a trading volume of 1,602,561 shares, compared to its average volume of 797,501. CVB Financial Corp. has a 52-week low of $15.71 and a 52-week high of $24.58. The firm has a 50-day moving average price of $19.56 and a two-hundred day moving average price of $20.37. The firm has a market cap of $2.35 billion, a P/E ratio of 11.70 and a beta of 0.62.

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CVB Financial (NASDAQ:CVBF - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. CVB Financial had a net margin of 29.32% and a return on equity of 9.35%. On average, equities analysts expect that CVB Financial Corp. will post 1.41 EPS for the current year.

CVB Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Wednesday, April 2nd. CVB Financial's dividend payout ratio (DPR) is presently 55.56%.

Wall Street Analysts Forecast Growth

Separately, Stephens decreased their price target on shares of CVB Financial from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Monday, January 27th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $22.20.

CVB Financial Company Profile

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.