CVB Financial Corp. (NASDAQ:CVBF) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC raised its holdings in shares of CVB Financial Corp. (NASDAQ:CVBF – Get Rating) by 57.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 440,694 shares of the financial services provider’s stock after purchasing an additional 161,500 shares during the period. Renaissance Technologies LLC owned 0.32% of CVB Financial worth $11,158,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Quadrant Capital Group LLC increased its position in shares of CVB Financial by 1,978.7% during the third quarter. Quadrant Capital Group LLC now owns 977 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 930 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of CVB Financial during the second quarter valued at $42,000. FMR LLC grew its holdings in shares of CVB Financial by 96.0% during the second quarter. FMR LLC now owns 1,756 shares of the financial services provider’s stock valued at $44,000 after buying an additional 860 shares during the last quarter. Covestor Ltd grew its holdings in shares of CVB Financial by 73.9% during the first quarter. Covestor Ltd now owns 4,609 shares of the financial services provider’s stock valued at $107,000 after buying an additional 1,959 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of CVB Financial during the second quarter valued at $129,000. 71.35% of the stock is owned by institutional investors and hedge funds.

CVB Financial Price Performance

Shares of CVBF opened at $24.10 on Monday. The firm has a market capitalization of $3.36 billion, a PE ratio of 14.52 and a beta of 0.41. CVB Financial Corp. has a 1-year low of $22.36 and a 1-year high of $29.25. The company’s fifty day moving average price is $24.77 and its 200-day moving average price is $26.18.

CVB Financial (NASDAQ:CVBF – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The financial services provider reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. CVB Financial had a net margin of 41.69% and a return on equity of 11.94%. The company had revenue of $149.86 million for the quarter, compared to analyst estimates of $147.82 million. During the same period in the prior year, the company earned $0.35 earnings per share. The firm’s revenue was up 30.6% on a year-over-year basis. As a group, research analysts anticipate that CVB Financial Corp. will post 1.86 EPS for the current fiscal year.

CVB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Thursday, December 29th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.32%. The ex-dividend date was Wednesday, December 28th. CVB Financial’s payout ratio is 48.19%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of CVB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 18th.

About CVB Financial

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CVB Financial Corp. is a bank holding company, which engages in the provision of relationship-based banking products, services, and solutions for small to mid-sized companies, real estate investors, non-profit organizations, professionals, and other individuals through its subsidiary, Citizens Business Bank.