Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of CVB Financial Corp. (NASDAQ:CVBF – Get Rating) by 21.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 116,796 shares of the financial services provider's stock after acquiring an additional 20,514 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.08% of CVB Financial worth $2,711,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. River Oaks Capital LLC bought a new position in shares of CVB Financial during the 1st quarter valued at approximately $40,000. Covestor Ltd bought a new position in shares of CVB Financial during the 4th quarter valued at approximately $57,000. US Asset Management LLC bought a new position in shares of CVB Financial during the 1st quarter valued at approximately $128,000. Strs Ohio bought a new stake in CVB Financial in the first quarter worth $150,000. Finally, Advisor Group Holdings Inc. lifted its position in CVB Financial by 10.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 7,456 shares of the financial services provider's stock worth $160,000 after buying an additional 717 shares during the last quarter. 72.60% of the stock is currently owned by institutional investors.
Get CVB Financial alerts:Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Wedbush raised their price target on CVB Financial to $26.00 in a research report on Monday, July 25th. StockNews.com upgraded CVB Financial from a "sell" rating to a "hold" rating in a research report on Thursday, July 21st.
CVB Financial Trading Up 1.0 %
NASDAQ:CVBF opened at $25.29 on Thursday. CVB Financial Corp. has a twelve month low of $18.72 and a twelve month high of $28.14. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 17.44 and a beta of 0.37. The stock has a fifty day simple moving average of $26.01 and a 200-day simple moving average of $24.53.CVB Financial (NASDAQ:CVBF – Get Rating) last released its earnings results on Wednesday, July 20th. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. CVB Financial had a return on equity of 9.85% and a net margin of 40.88%. The business had revenue of $136.61 million during the quarter, compared to the consensus estimate of $131.40 million. During the same period last year, the company earned $0.38 earnings per share. As a group, equities research analysts predict that CVB Financial Corp. will post 1.65 EPS for the current fiscal year.
CVB Financial Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.01%. This is an increase from CVB Financial's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, June 29th. CVB Financial's dividend payout ratio (DPR) is 52.41%.
CVB Financial Company Profile
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on CVB Financial (CVBF)
- 3 High Margin Chipmakers Bound to Recover
- 3 Solar Stocks That Will Benefit From the Biden Tariff Holiday
- REV Group Has A Deep Moat In The World Of EVs
- Is G-III Apparel Group, Ltd. A Value Trap?
- Bank Of America Sees Upside In These 2 European Alcohol Stocks
Want to see what other hedge funds are holding CVBF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CVB Financial Corp. (NASDAQ:CVBF – Get Rating).
Receive News & Ratings for CVB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVB Financial and related companies with MarketBeat.com's FREE daily email newsletter.