Fuller & Thaler Asset Management Inc. Purchases 317,418 Shares of CVB Financial Corp. (NASDAQ:CVBF)

Fuller & Thaler Asset Management Inc. increased its stake in CVB Financial Corp. (NASDAQ:CVBF - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,334,354 shares of the financial services provider's stock after acquiring an additional 317,418 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 1.67% of CVB Financial worth $49,979,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in CVB Financial by 25.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 363,494 shares of the financial services provider's stock worth $6,477,000 after acquiring an additional 74,004 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of CVB Financial by 144.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,389 shares of the financial services provider's stock valued at $95,000 after acquiring an additional 2,597 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of CVB Financial by 22.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 52,358 shares of the financial services provider's stock valued at $1,131,000 after acquiring an additional 9,600 shares during the period. Proficio Capital Partners LLC bought a new position in CVB Financial during the fourth quarter worth $699,000. Finally, Barclays PLC increased its stake in CVB Financial by 79.5% in the third quarter. Barclays PLC now owns 291,011 shares of the financial services provider's stock valued at $5,186,000 after purchasing an additional 128,869 shares in the last quarter. 74.18% of the stock is owned by institutional investors and hedge funds.

CVB Financial Trading Up 0.3 %

NASDAQ CVBF traded up $0.06 during trading hours on Monday, hitting $18.52. The company's stock had a trading volume of 743,148 shares, compared to its average volume of 810,802. The company has a market capitalization of $2.58 billion, a PE ratio of 12.86 and a beta of 0.62. CVB Financial Corp. has a 52 week low of $15.75 and a 52 week high of $24.58. The company's 50-day simple moving average is $18.51 and its two-hundred day simple moving average is $20.30.

CVB Financial (NASDAQ:CVBF - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. CVB Financial had a return on equity of 9.35% and a net margin of 29.32%. The company had revenue of $126.67 million for the quarter, compared to analyst estimates of $124.45 million. During the same quarter last year, the company earned $0.35 earnings per share. Research analysts anticipate that CVB Financial Corp. will post 1.41 EPS for the current fiscal year.

CVB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Wednesday, April 2nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend was Wednesday, April 2nd. CVB Financial's dividend payout ratio is 55.17%.

Wall Street Analyst Weigh In

CVBF has been the topic of a number of research reports. Piper Sandler dropped their price target on CVB Financial from $25.00 to $24.00 and set an "overweight" rating on the stock in a research note on Monday. Stephens lowered their target price on CVB Financial from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Monday, January 27th. Three 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 company has a consensus rating of "Hold" and a consensus target price of $23.50.

CVB Financial 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.