CVB Financial Corp. (NASDAQ:CVBF) Stake Increased by Credit Suisse AG

Credit Suisse AG grew its holdings in CVB Financial Corp. (NASDAQ:CVBFFree Report) by 3.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 211,452 shares of the financial services provider’s stock after purchasing an additional 7,802 shares during the period. Credit Suisse AG owned approximately 0.15% of CVB Financial worth $3,527,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Citigroup Inc. boosted its holdings in CVB Financial by 20.6% during the first 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 period. Natixis Advisors L.P. acquired a new stake in shares of CVB Financial in the first quarter valued at approximately $422,000. Bank of Montreal Can grew its holdings in CVB Financial by 5.6% during the 1st quarter. Bank of Montreal Can now owns 40,228 shares of the financial services provider’s stock worth $942,000 after acquiring an additional 2,135 shares during the period. MetLife Investment Management LLC grew its holdings in CVB Financial by 63.5% during the 1st quarter. MetLife Investment Management LLC now owns 72,516 shares of the financial services provider’s stock worth $1,683,000 after acquiring an additional 28,159 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of CVB Financial by 3.2% during the first quarter. Rhumbline Advisers now owns 417,911 shares of the financial services provider’s stock worth $9,700,000 after purchasing an additional 12,818 shares in the last quarter. Hedge funds and other institutional investors own 74.51% of the company’s stock.

Insider Activity

In other news, Director George A. Borba, Jr. purchased 165,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was acquired at an average price of $19.52 per share, with a total value of $3,220,800.00. Following the transaction, the director now directly owns 165,000 shares of the company’s stock, valued at approximately $3,220,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders acquired 167,150 shares of company stock valued at $3,256,198. Corporate insiders own 5.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CVBF. Janney Montgomery Scott raised shares of CVB Financial from a “neutral” rating to a “buy” rating in a research report on Thursday, May 25th. upgraded shares of CVB Financial to a “sell” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, CVB Financial currently has a consensus rating of “Hold” and a consensus price target of $20.00.

Get Our Latest Stock Analysis on CVBF

CVB Financial Price Performance

Shares of NASDAQ CVBF opened at $17.46 on Friday. The stock has a market capitalization of $2.43 billion, a P/E ratio of 9.98 and a beta of 0.43. The company has a 50-day moving average price of $16.47 and a 200-day moving average price of $16.56. CVB Financial Corp. has a 1 year low of $10.66 and a 1 year high of $29.25.

CVB Financial (NASDAQ:CVBFGet Free Report) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. CVB Financial had a net margin of 39.70% and a return on equity of 12.58%. The business had revenue of $132.19 million for the quarter, compared to analyst estimates of $132.28 million. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, equities research analysts anticipate that CVB Financial Corp. will post 1.61 earnings per share for the current fiscal year.

CVB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Thursday, July 6th were paid a $0.20 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $0.80 dividend on an annualized basis and a yield of 4.58%. CVB Financial’s dividend payout ratio is presently 45.71%.

CVB Financial Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CVBF? Visit to get the latest 13F filings and insider trades for CVB Financial Corp. (NASDAQ:CVBFFree Report).

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

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