CVB Financial (NASDAQ:CVBF) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Shares of CVB Financial Corp. (NASDAQ:CVBF - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.90 and traded as high as $20.83. CVB Financial shares last traded at $20.82, with a volume of 452,415 shares trading hands.

Analysts Set New Price Targets

CVBF has been the subject of several recent research reports. Piper Sandler lowered their price target on shares of CVB Financial from $25.00 to $23.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. Stephens decreased their target price on shares of CVB Financial from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Monday, January 27th. Wedbush reaffirmed a "neutral" rating and set a $20.00 price target on shares of CVB Financial in a report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods boosted their price objective on CVB Financial from $23.00 to $27.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $22.20.

CVB Financial Stock Performance

The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 14.19 and a beta of 0.50. The company's 50 day simple moving average is $21.48 and its 200 day simple moving average is $19.93.

CVB Financial (NASDAQ:CVBF - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. CVB Financial had a net margin of 29.32% and a return on equity of 9.35%. Sell-side analysts predict that CVB Financial Corp. will post 1.41 EPS for the current year.

CVB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.20 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.80 annualized dividend and a dividend yield of 3.92%. CVB Financial's dividend payout ratio (DPR) is 55.56%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in shares of CVB Financial during the 3rd quarter valued at about $27,000. GAMMA Investing LLC lifted its stake in CVB Financial by 21.7% during the third quarter. GAMMA Investing LLC now owns 4,367 shares of the financial services provider's stock valued at $78,000 after purchasing an additional 780 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in CVB Financial by 144.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,389 shares of the financial services provider's stock valued at $95,000 after purchasing an additional 2,597 shares during the last quarter. SG Americas Securities LLC acquired a new position in CVB Financial in the third quarter worth approximately $107,000. Finally, KBC Group NV grew its position in CVB Financial by 35.0% in the fourth quarter. KBC Group NV now owns 6,005 shares of the financial services provider's stock worth $129,000 after buying an additional 1,556 shares during the last quarter. 74.18% of the stock is owned by institutional investors and hedge funds.

About CVB Financial

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.