Cerity Partners LLC Has $1.13 Million Stock Position in CVB Financial Corp. (NASDAQ:CVBF)

Cerity Partners LLC raised its stake in shares of CVB Financial Corp. (NASDAQ:CVBF) by 6.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 56,144 shares of the financial services provider’s stock after acquiring an additional 3,502 shares during the quarter. Cerity Partners LLC’s holdings in CVB Financial were worth $1,134,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. FMR LLC raised its holdings in 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 in the last quarter. Royal Bank of Canada raised its holdings in CVB Financial by 277.7% during the third quarter. Royal Bank of Canada now owns 2,878 shares of the financial services provider’s stock valued at $73,000 after buying an additional 2,116 shares in the last quarter. Point72 Middle East FZE bought a new position in CVB Financial during the fourth quarter valued at about $92,000. Covestor Ltd raised its holdings in 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 in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in CVB Financial during the second quarter valued at about $129,000. 74.18% of the stock is currently owned by institutional investors.

Insider Activity at CVB Financial

In other news, CFO E Allen Nicholson purchased 2,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average cost of $16.77 per share, for a total transaction of $33,540.00. Following the completion of the purchase, the chief financial officer now directly owns 92,310 shares of the company’s stock, valued at approximately $1,548,038.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other CVB Financial news, CFO E Allen Nicholson bought 2,000 shares of CVB Financial stock in a transaction dated Thursday, February 1st. The shares were acquired at an average cost of $16.77 per share, with a total value of $33,540.00. Following the acquisition, the chief financial officer now directly owns 92,310 shares of the company’s stock, valued at $1,548,038.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George A. Borba, Jr. bought 59,601 shares of CVB Financial stock in a transaction dated Tuesday, February 6th. The stock was acquired at an average cost of $16.78 per share, for a total transaction of $1,000,104.78. Following the completion of the acquisition, the director now directly owns 626,311 shares in the company, valued at $10,509,498.58. The disclosure for this purchase can be found here. Insiders have bought 63,601 shares of company stock worth $1,067,145 over the last three months. Company insiders own 6.00% of the company’s stock.

CVB Financial Stock Up 4.1 %

Shares of CVBF opened at $16.63 on Monday. CVB Financial Corp. has a 12-month low of $10.66 and a 12-month high of $21.77. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 10.46 and a beta of 0.46. The stock’s 50-day moving average price is $17.04 and its 200 day moving average price is $17.70.

CVB Financial (NASDAQ:CVBF) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. CVB Financial had a return on equity of 11.50% and a net margin of 33.26%. The firm had revenue of $138.52 million for the quarter, compared to analyst estimates of $134.88 million. Equities research analysts expect that CVB Financial Corp. will post 1.43 EPS for the current year.

CVB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Wednesday, April 3rd were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, April 2nd. This represents a $0.80 annualized dividend and a yield of 4.81%. CVB Financial’s dividend payout ratio is 50.31%.

Analyst Upgrades and Downgrades

CVBF has been the topic of several recent research reports. Keefe, Bruyette & Woods cut their target price on CVB Financial from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Friday, January 26th. StockNews.com upgraded CVB Financial to a “sell” rating in a research note on Friday, January 5th. Finally, Wedbush dropped their price objective on CVB Financial from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.67.

About CVB Financial

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.