Diversified Trust Co Purchases 1,400 Shares of CVB Financial Corp. (NASDAQ:CVBF)

Diversified Trust Co boosted its position in CVB Financial Corp. (NASDAQ:CVBFGet Rating) by 8.6% during the first quarter, HoldingsChannel reports. The fund owned 17,685 shares of the financial services provider’s stock after buying an additional 1,400 shares during the quarter. Diversified Trust Co’s holdings in CVB Financial were worth $410,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Mason & Associates Inc bought a new stake in CVB Financial in the 4th quarter valued at about $1,907,000. Barclays PLC raised its stake in CVB Financial by 64.8% in the 4th quarter. Barclays PLC now owns 275,048 shares of the financial services provider’s stock valued at $5,889,000 after acquiring an additional 108,103 shares during the period. Schonfeld Strategic Advisors LLC increased its position in shares of CVB Financial by 162.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 544,357 shares of the financial services provider’s stock valued at $11,655,000 after buying an additional 336,657 shares during the period. Maltese Capital Management LLC bought a new stake in shares of CVB Financial during the fourth quarter valued at about $5,567,000. Finally, State Street Corp increased its position in shares of CVB Financial by 6.7% during the fourth quarter. State Street Corp now owns 6,187,330 shares of the financial services provider’s stock valued at $133,583,000 after buying an additional 386,936 shares during the period. Institutional investors and hedge funds own 68.99% of the company’s stock.

Separately, StockNews.com cut CVB Financial from a “hold” rating to a “sell” rating in a research report on Monday, May 23rd.

Shares of CVBF opened at $24.29 on Friday. The business’s 50-day moving average price is $24.02 and its 200-day moving average price is $23.17. CVB Financial Corp. has a twelve month low of $18.72 and a twelve month high of $25.22. The stock has a market cap of $3.43 billion, a PE ratio of 17.23 and a beta of 0.37.

CVB Financial (NASDAQ:CVBFGet Rating) last issued its quarterly earnings data on Wednesday, April 20th. The financial services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. CVB Financial had a return on equity of 9.39% and a net margin of 40.95%. The company had revenue of $124.10 million during the quarter, compared to analyst estimates of $120.00 million. During the same quarter in the previous year, the firm earned $0.47 earnings per share. CVB Financial’s revenue was up 5.9% on a year-over-year basis. Equities analysts expect that CVB Financial Corp. will post 1.53 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be issued a dividend of $0.19 per share. This is a positive change from CVB Financial’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, June 29th. This represents a $0.76 annualized dividend and a dividend yield of 3.13%. CVB Financial’s payout ratio is presently 51.06%.

In other news, Director Anna Kan sold 7,000 shares of the business’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $24.20, for a total transaction of $169,400.00. Following the completion of the transaction, the director now owns 24,975 shares of the company’s stock, valued at $604,395. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kristina M. Leslie sold 6,400 shares of the company’s stock in a transaction that occurred on Wednesday, April 27th. The stock was sold at an average price of $23.58, for a total value of $150,912.00. Following the completion of the sale, the director now directly owns 21,889 shares of the company’s stock, valued at approximately $516,142.62. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by insiders.

CVB Financial 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.

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Institutional Ownership by Quarter for CVB Financial (NASDAQ:CVBF)

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