41,273 Shares in CVB Financial Corp. (NASDAQ:CVBF) Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC purchased a new position in CVB Financial Corp. (NASDAQ:CVBF - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 41,273 shares of the financial services provider's stock, valued at approximately $884,000.

A number of other large investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of CVB Financial by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,952,354 shares of the financial services provider's stock worth $88,251,000 after acquiring an additional 181,769 shares during the period. Geode Capital Management LLC boosted its holdings in shares of CVB Financial by 0.5% in the third quarter. Geode Capital Management LLC now owns 3,164,463 shares of the financial services provider's stock worth $56,401,000 after acquiring an additional 15,628 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of CVB Financial by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 636,802 shares of the financial services provider's stock worth $13,634,000 after acquiring an additional 17,734 shares during the period. Wellington Management Group LLP bought a new position in shares of CVB Financial in the third quarter worth $8,653,000. Finally, JPMorgan Chase & Co. boosted its stake in CVB Financial by 25.6% during the third quarter. JPMorgan Chase & Co. now owns 363,494 shares of the financial services provider's stock valued at $6,477,000 after buying an additional 74,004 shares during the period. 74.18% of the stock is owned by institutional investors.

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CVB Financial Price Performance

NASDAQ CVBF traded up $0.08 during trading hours on Friday, reaching $19.44. 644,416 shares of the stock traded hands, compared to its average volume of 750,828. The stock has a 50 day simple moving average of $20.44 and a two-hundred day simple moving average of $20.24. CVB Financial Corp. has a 1 year low of $15.71 and a 1 year high of $24.58. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 13.50 and a beta of 0.46.

CVB Financial (NASDAQ:CVBF - Get Free Report) last released its quarterly earnings results 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, sell-side analysts forecast that CVB Financial Corp. will post 1.41 EPS for the current fiscal year.

CVB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.12%. CVB Financial's payout ratio is 55.56%.

Analyst Upgrades and Downgrades

CVBF has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price objective on CVB Financial from $23.00 to $27.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Stephens dropped their price objective on 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, CVB Financial has a consensus rating of "Hold" and a consensus 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.