Mirae Asset Global Investments Co. Ltd. lifted its holdings in CVB Financial Corp. (NASDAQ:CVBF - Free Report) by 17.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,034 shares of the financial services provider's stock after acquiring an additional 14,143 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.07% of CVB Financial worth $2,086,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of the business. KBC Group NV grew its stake in shares of CVB Financial by 35.0% in the fourth quarter. KBC Group NV now owns 6,005 shares of the financial services provider's stock valued at $129,000 after acquiring an additional 1,556 shares in the last quarter. Blue Trust Inc. grew its stake 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 valued at $131,000 after acquiring an additional 918 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of CVB Financial by 22.5% in the fourth 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 in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of CVB Financial in the fourth quarter valued at about $206,000. Finally, Diversified Trust Co grew its stake in shares of CVB Financial by 11.9% in the fourth quarter. Diversified Trust Co now owns 49,520 shares of the financial services provider's stock valued at $1,060,000 after acquiring an additional 5,249 shares in the last quarter. 74.18% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms recently commented on CVBF. Piper Sandler decreased their price target on shares of CVB Financial from $25.00 to $23.00 and set an "overweight" rating on the stock in a research note on Friday, November 1st. Keefe, Bruyette & Woods upped their price objective on shares of CVB Financial from $23.00 to $27.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Wedbush reaffirmed a "neutral" rating and set a $20.00 price objective on shares of CVB Financial in a research report on Thursday, October 24th. Finally, Stephens cut 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 report on Monday, January 27th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, CVB Financial currently has an average rating of "Hold" and an average target price of $22.20.
Get Our Latest Report on CVBF
CVB Financial Stock Down 0.4 %
Shares of CVBF stock traded down $0.09 on Friday, reaching $20.28. The company had a trading volume of 403,591 shares, compared to its average volume of 772,160. The stock has a market capitalization of $2.83 billion, a PE ratio of 14.08 and a beta of 0.50. CVB Financial Corp. has a one year low of $15.71 and a one year high of $24.58. The business's 50-day moving average is $21.24 and its 200 day moving average is $19.94.
CVB Financial (NASDAQ:CVBF - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, topping 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%. On average, sell-side analysts forecast that CVB Financial Corp. will post 1.41 earnings per share for the current fiscal year.
CVB Financial Announces Dividend
The business also recently announced 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 of this dividend was Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.94%. CVB Financial's dividend payout ratio (DPR) is currently 55.56%.
About CVB Financial
(
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.
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