Teacher Retirement System of Texas Sells 22,302 Shares of CVB Financial Corp. (NASDAQ:CVBF)

Teacher Retirement System of Texas decreased its position in CVB Financial Corp. (NASDAQ:CVBFFree Report) by 47.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,833 shares of the financial services provider’s stock after selling 22,302 shares during the period. Teacher Retirement System of Texas’ holdings in CVB Financial were worth $501,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. increased its position in shares of CVB Financial by 44.1% during the third quarter. American Century Companies Inc. now owns 3,937,457 shares of the financial services provider’s stock valued at $65,244,000 after acquiring an additional 1,204,090 shares in the last quarter. Victory Capital Management Inc. boosted its stake in CVB Financial by 904.1% during the 3rd quarter. Victory Capital Management Inc. now owns 416,953 shares of the financial services provider’s stock valued at $6,909,000 after purchasing an additional 375,426 shares during the last quarter. Citizens Business Bank increased its holdings in shares of CVB Financial by 65.2% in the 4th quarter. Citizens Business Bank now owns 849,805 shares of the financial services provider’s stock worth $17,158,000 after purchasing an additional 335,501 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of CVB Financial by 6.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,594,323 shares of the financial services provider’s stock worth $59,558,000 after purchasing an additional 213,038 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of CVB Financial by 62.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 370,804 shares of the financial services provider’s stock valued at $6,144,000 after purchasing an additional 142,272 shares in the last quarter. 74.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CVBF has been the subject of a number of recent analyst reports. Stephens reissued an “equal weight” rating and issued a $20.00 target price on shares of CVB Financial in a research report on Thursday, April 25th. Keefe, Bruyette & Woods decreased their price objective 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. Wedbush restated a “neutral” rating and issued a $19.00 target price on shares of CVB Financial in a report on Thursday, April 25th. Hovde Group downgraded shares of CVB Financial from an “outperform” rating to a “market perform” rating and set a $18.00 target price for the company. in a research report on Monday, April 22nd. Finally, Janney Montgomery Scott cut CVB Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.00.

Get Our Latest Stock Report on CVB Financial

CVB Financial Trading Up 0.2 %

CVBF opened at $16.30 on Monday. The firm’s 50 day simple moving average is $16.87 and its two-hundred day simple moving average is $17.84. The company has a market capitalization of $2.28 billion, a PE ratio of 10.72 and a beta of 0.47. CVB Financial Corp. has a 1-year low of $11.83 and a 1-year high of $21.77.

CVB Financial (NASDAQ:CVBFGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $126.57 million during the quarter, compared to analyst estimates of $127.46 million. CVB Financial had a return on equity of 10.84% and a net margin of 30.93%. CVB Financial’s revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS. Equities analysts forecast that CVB Financial Corp. will post 1.41 earnings per share for the current fiscal year.

CVB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Wednesday, April 3rd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.91%. The ex-dividend date was Tuesday, April 2nd. CVB Financial’s dividend payout ratio (DPR) is currently 52.63%.

CVB Financial 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.

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

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