CVB Financial Corp. (NASDAQ:CVBF) Short Interest Down 12.6% in February

CVB Financial Corp. (NASDAQ:CVBF - Get Free Report) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 3,040,000 shares, a decline of 12.6% from the January 31st total of 3,480,000 shares. Approximately 2.3% of the company's stock are short sold. Based on an average daily volume of 805,100 shares, the short-interest ratio is presently 3.8 days.

Analyst Ratings Changes

CVBF has been the topic of several recent analyst reports. Keefe, Bruyette & Woods upped their price target 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. Stephens cut their target price on shares of CVB Financial from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Monday, January 27th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $22.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVBF. Allspring Global Investments Holdings LLC acquired a new position in CVB Financial during the 3rd quarter valued at approximately $27,000. Natixis Advisors LLC boosted its position in CVB Financial by 2.1% during the 3rd quarter. Natixis Advisors LLC now owns 26,583 shares of the financial services provider's stock valued at $474,000 after purchasing an additional 545 shares during the period. Thrivent Financial for Lutherans boosted its position in CVB Financial by 87.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 213,159 shares of the financial services provider's stock valued at $3,798,000 after purchasing an additional 99,554 shares during the period. LMR Partners LLP acquired a new position in CVB Financial during the 3rd quarter valued at approximately $215,000. Finally, Intech Investment Management LLC boosted its position in CVB Financial by 171.2% during the 3rd quarter. Intech Investment Management LLC now owns 37,134 shares of the financial services provider's stock valued at $662,000 after purchasing an additional 23,441 shares during the period. Institutional investors and hedge funds own 74.18% of the company's stock.

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CVB Financial Stock Down 2.1 %

Shares of CVBF traded down $0.40 during mid-day trading on Monday, hitting $19.04. The stock had a trading volume of 1,297,650 shares, compared to its average volume of 762,979. The company has a market cap of $2.66 billion, a PE ratio of 13.22 and a beta of 0.46. The company's fifty day simple moving average is $20.38 and its two-hundred day simple moving average is $20.28. CVB Financial has a fifty-two week low of $15.71 and a fifty-two week high of $24.58.

CVB Financial (NASDAQ:CVBF - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. CVB Financial had a return on equity of 9.35% and a net margin of 29.32%. Equities analysts expect that CVB Financial will post 1.41 earnings per share for the current year.

CVB Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.80 annualized dividend and a dividend yield of 4.20%. CVB Financial's payout ratio is 55.56%.

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.