Yousif Capital Management LLC Sells 1,215 Shares of CVB Financial Corp. (NASDAQ:CVBF)

Yousif Capital Management LLC lowered its position in CVB Financial Corp. (NASDAQ:CVBF) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,402 shares of the financial services provider’s stock after selling 1,215 shares during the period. Yousif Capital Management LLC’s holdings in CVB Financial were worth $1,320,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Raymond James & Associates increased its position in shares of CVB Financial by 2.5% during the fourth quarter. Raymond James & Associates now owns 35,598 shares of the financial services provider’s stock worth $719,000 after acquiring an additional 854 shares in the last quarter. Covestor Ltd increased its holdings in CVB Financial by 11.2% during the 3rd quarter. Covestor Ltd now owns 8,761 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 885 shares in the last quarter. Equitable Trust Co. raised its stake in shares of CVB Financial by 6.5% in the 4th quarter. Equitable Trust Co. now owns 27,779 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 1,705 shares during the period. Strs Ohio bought a new stake in shares of CVB Financial in the fourth quarter valued at about $36,000. Finally, Natixis Advisors L.P. boosted its position in shares of CVB Financial by 10.1% during the third quarter. Natixis Advisors L.P. now owns 20,727 shares of the financial services provider’s stock worth $343,000 after buying an additional 1,905 shares during the period. Institutional investors and hedge funds own 74.18% of the company’s stock.

CVB Financial Price Performance

Shares of CVBF stock opened at $17.21 on Friday. The company has a fifty day moving average price of $16.92 and a two-hundred day moving average price of $17.71. CVB Financial Corp. has a one year low of $10.66 and a one year high of $21.77. The stock has a market cap of $2.40 billion, a P/E ratio of 11.32 and a beta of 0.47.

CVB Financial (NASDAQ:CVBF) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. CVB Financial had a net margin of 30.93% and a return on equity of 10.84%. The company had revenue of $126.57 million for the quarter, compared to analysts’ expectations of $127.46 million. During the same period in the prior year, the firm earned $0.42 EPS. CVB Financial’s quarterly revenue was down 8.9% compared to the same quarter last year. As a group, equities research analysts anticipate that CVB Financial Corp. will post 1.41 EPS for the current fiscal year.

CVB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders 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 dividend yield of 4.65%. CVB Financial’s dividend payout ratio is currently 52.63%.

Analysts Set New Price Targets

CVBF has been the topic of several research reports. Wedbush restated a “neutral” rating and issued a $19.00 target price on shares of CVB Financial in a research note on Thursday, April 25th. Keefe, Bruyette & Woods reduced their target price on shares of CVB Financial from $20.00 to $19.00 and set a “market perform” rating for the company in a report on Friday, April 26th. StockNews.com upgraded shares of CVB Financial to a “sell” rating in a research note on Friday, January 5th. Hovde Group downgraded shares of CVB Financial from an “outperform” rating to a “market perform” rating and set a $18.00 price objective for the company. in a research note on Monday, April 22nd. Finally, Stephens reaffirmed an “equal weight” rating and issued a $20.00 target price on shares of CVB Financial in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $19.00.

Insider Buying and Selling

In related news, Director George A. Borba, Jr. acquired 59,601 shares of CVB Financial stock in a transaction on Tuesday, February 6th. The stock was purchased at an average cost of $16.78 per share, with a total value of $1,000,104.78. Following the completion of the transaction, the director now directly owns 626,311 shares in the company, valued at approximately $10,509,498.58. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, Director George A. Borba, Jr. bought 59,601 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was bought at an average price of $16.78 per share, for a total transaction of $1,000,104.78. Following the purchase, the director now owns 626,311 shares in the company, valued at approximately $10,509,498.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David A. Brager acquired 2,000 shares of CVB Financial stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average price of $16.75 per share, with a total value of $33,500.00. Following the acquisition, the chief executive officer now owns 152,814 shares of the company’s stock, valued at $2,559,634.50. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 62,701 shares of company stock valued at $1,051,656. 6.00% of the stock is owned by insiders.

CVB Financial Profile

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.