Oregon Public Employees Retirement Fund Sells 667 Shares of CVB Financial Corp. (NASDAQ:CVBF)

Oregon Public Employees Retirement Fund lessened its holdings in shares of CVB Financial Corp. (NASDAQ:CVBF – Get Rating) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,633 shares of the financial services provider’s stock after selling 667 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in CVB Financial were worth $1,105,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Citigroup Inc. increased its holdings in CVB Financial by 20.6% in the 1st quarter. Citigroup Inc. now owns 121,451 shares of the financial services provider’s stock valued at $2,818,000 after acquiring an additional 20,745 shares during the last quarter. Natixis Advisors L.P. bought a new stake in shares of CVB Financial in the first quarter worth about $422,000. Bank of Montreal Can lifted its position in shares of CVB Financial by 5.6% in the first quarter. Bank of Montreal Can now owns 40,228 shares of the financial services provider’s stock worth $942,000 after buying an additional 2,135 shares in the last quarter. MetLife Investment Management LLC boosted its stake in CVB Financial by 63.5% during the first quarter. MetLife Investment Management LLC now owns 72,516 shares of the financial services provider’s stock valued at $1,683,000 after buying an additional 28,159 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in CVB Financial by 3.2% during the 1st quarter. Rhumbline Advisers now owns 417,911 shares of the financial services provider’s stock valued at $9,700,000 after buying an additional 12,818 shares in the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com upgraded CVB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 18th. Keefe, Bruyette & Woods lowered shares of CVB Financial from an “outperform” rating to a “market perform” rating and set a $32.00 price objective for the company. in a research report on Friday, October 21st.

CVB Financial Stock Performance

NASDAQ CVBF opened at $24.58 on Tuesday. The company has a market cap of $3.44 billion, a P/E ratio of 15.96 and a beta of 0.44. The business’s 50 day moving average price is $26.45 and its 200-day moving average price is $26.52. CVB Financial Corp. has a fifty-two week low of $21.44 and a fifty-two week high of $29.25.

CVB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Thursday, December 29th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Wednesday, December 28th. CVB Financial’s dividend payout ratio (DPR) is currently 51.95%.

Insiders Place Their Bets

In related news, EVP David F. Farnsworth sold 3,447 shares of the business’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $28.48, for a total transaction of $98,170.56. Following the completion of the transaction, the executive vice president now owns 34,796 shares in the company, valued at approximately $990,990.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP David F. Farnsworth sold 11,553 shares of the firm’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $28.51, for a total transaction of $329,376.03. Following the transaction, the executive vice president now owns 34,796 shares in the company, valued at $992,033.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David F. Farnsworth sold 3,447 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $28.48, for a total transaction of $98,170.56. Following the completion of the transaction, the executive vice president now directly owns 34,796 shares of the company’s stock, valued at approximately $990,990.08. The disclosure for this sale can be found here. 5.40% of the stock is owned by insiders.

CVB Financial Company Profile

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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.