By otakuyassine3@gmail.com 
Steward Partners Investment Advisory LLC reduced its holdings in CVB Financial Corp. (NASDAQ:CVBF – Free Report) by 3.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 20,999 shares of the financial services provider’s stock after selling 773 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in CVB Financial were worth $450,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of CVBF. Natixis Advisors LLC increased its position in shares of 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 during the period. Thrivent Financial for Lutherans increased its position in shares of CVB Financial by 87.6% during the third quarter. Thrivent Financial for Lutherans now owns 213,159 shares of the financial services provider’s stock worth $3,798,000 after buying an additional 99,554 shares during the period. LMR Partners LLP acquired a new stake in shares of CVB Financial during the third quarter worth $215,000. Intech Investment Management LLC increased its position in shares of CVB Financial by 171.2% during the third quarter. Intech Investment Management LLC now owns 37,134 shares of the financial services provider’s stock worth $662,000 after buying an additional 23,441 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of CVB Financial by 3.8% during 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 buying an additional 181,769 shares during the period. 74.18% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of CVB Financial from $23.00 to $27.00 and gave the stock an “outperform” rating in a research note 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.20.
Get Our Latest Report on CVB Financial
CVB Financial Stock Up 0.3 %
Shares of NASDAQ CVBF opened at $18.60 on Thursday. CVB Financial Corp. has a 12-month low of $15.71 and a 12-month high of $24.58. The firm has a market cap of $2.60 billion, a PE ratio of 12.92 and a beta of 0.46. The company’s fifty day simple moving average is $20.27 and its 200 day simple moving average is $20.27.
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 for the quarter, beating 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, equities analysts predict that CVB Financial Corp. will post 1.41 earnings per share for the current year.
CVB Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date was Tuesday, December 31st. CVB Financial’s dividend payout ratio (DPR) 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.
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