Proficio Capital Partners LLC purchased a new position in shares of CVB Financial Corp. (NASDAQ:CVBF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 32,659 shares of the financial services provider's stock, valued at approximately $699,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC boosted its holdings in CVB Financial by 2.1% during the third quarter. Natixis Advisors LLC now owns 26,583 shares of the financial services provider's stock worth $474,000 after buying an additional 545 shares in the last quarter. Blue Trust Inc. boosted 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 worth $131,000 after acquiring an additional 918 shares during the last quarter. KBC Group NV grew its holdings in shares of CVB Financial by 35.0% during 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 in the last quarter. Los Angeles Capital Management LLC raised its holdings in CVB Financial by 9.0% in the 4th quarter. Los Angeles Capital Management LLC now owns 20,401 shares of the financial services provider's stock valued at $437,000 after acquiring an additional 1,690 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of CVB Financial by 144.9% in 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. 74.18% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on CVBF shares. Stephens lowered 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 report on Monday, January 27th. Keefe, Bruyette & Woods boosted their target price on shares of CVB Financial from $23.00 to $27.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $22.20.
Check Out Our Latest Analysis on CVB Financial
CVB Financial Trading Down 0.4 %
NASDAQ:CVBF traded down $0.08 during trading hours on Wednesday, hitting $18.86. The company's stock had a trading volume of 463,586 shares, compared to its average volume of 762,340. CVB Financial Corp. has a 52-week low of $15.71 and a 52-week high of $24.58. The stock has a market capitalization of $2.63 billion, a P/E ratio of 13.10 and a beta of 0.46. The stock has a fifty day moving average of $19.96 and a 200-day moving average of $20.33.
CVB Financial (NASDAQ:CVBF - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating 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, sell-side analysts forecast that CVB Financial Corp. will post 1.41 earnings per share for the current year.
CVB Financial Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 2nd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.24%. CVB Financial's payout ratio is 55.56%.
CVB Financial Company Profile
(
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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