CVB Financial Corp. (NASDAQ:CVBF – Get Rating) reached a new 52-week low during trading on Tuesday . The company traded as low as $11.45 and last traded at $11.45, with a volume of 83042 shares changing hands. The stock had previously closed at $11.81.
Analyst Upgrades and Downgrades
A number of research firms recently commented on CVBF. DA Davidson dropped their price objective on CVB Financial from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, April 13th. TheStreet downgraded CVB Financial from a “b-” rating to a “c+” rating in a report on Wednesday, April 5th. StockNews.com downgraded CVB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 14th. Finally, Keefe, Bruyette & Woods lowered their price target on CVB Financial from $30.00 to $22.00 and set a “market perform” rating for the company in a report on Thursday, April 6th.
CVB Financial Stock Down 1.3 %
The firm has a fifty day simple moving average of $16.84 and a 200-day simple moving average of $22.87. The company has a market capitalization of $1.62 billion, a P/E ratio of 6.55 and a beta of 0.36.
CVB Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 19th. Investors of record on Wednesday, April 5th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 4th. This represents a $0.80 annualized dividend and a yield of 6.90%. CVB Financial’s dividend payout ratio (DPR) is presently 45.20%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of CVBF. Quadrant Capital Group LLC boosted its position in 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 valued at $25,000 after purchasing an additional 930 shares during the last quarter. OLD Mission Capital LLC acquired a new position in CVB Financial during the fourth quarter valued at approximately $29,000. BerganKDV Wealth Management LLC boosted its position in CVB Financial by 175.8% during the first quarter. BerganKDV Wealth Management LLC now owns 1,765 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,125 shares during the last quarter. Assetmark Inc. raised its stake in CVB Financial by 174.4% in the first quarter. Assetmark Inc. now owns 2,294 shares of the financial services provider’s stock valued at $38,000 after buying an additional 1,458 shares during the period. Finally, CI Investments Inc. bought a new stake in CVB Financial in the fourth quarter valued at approximately $42,000. 71.35% of the stock is owned by institutional investors and hedge funds.
CVB Financial Company Profile
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.
- Get a free copy of the StockNews.com research report on CVB Financial (CVBF)
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