Vanguard Personalized Indexing Management LLC Buys 748 Shares of CVB Financial Corp. (NASDAQ:CVBF)

Vanguard Personalized Indexing Management LLC grew its holdings in CVB Financial Corp. (NASDAQ:CVBF) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,538 shares of the financial services provider’s stock after purchasing an additional 748 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in CVB Financial were worth $250,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Arizona State Retirement System raised its holdings in shares of CVB Financial by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 39,018 shares of the financial services provider’s stock valued at $673,000 after purchasing an additional 725 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of CVB Financial by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 66,700 shares of the financial services provider’s stock valued at $1,150,000 after purchasing an additional 1,100 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of CVB Financial by 1.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 115,600 shares of the financial services provider’s stock valued at $2,062,000 after purchasing an additional 1,299 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of CVB Financial by 1.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 114,509 shares of the financial services provider’s stock valued at $2,041,000 after purchasing an additional 1,396 shares in the last quarter. Finally, nVerses Capital LLC raised its holdings in shares of CVB Financial by 466.7% in the 2nd quarter. nVerses Capital LLC now owns 1,700 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors own 74.18% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wedbush reduced their price target on shares of CVB Financial from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Stephens boosted their price objective on shares of CVB Financial from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $20.00 price objective (up previously from $19.00) on shares of CVB Financial in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.75.

CVB Financial Trading Up 0.5 %

NASDAQ:CVBF opened at $17.73 on Monday. The company has a market cap of $2.48 billion, a PE ratio of 11.66 and a beta of 0.45. CVB Financial Corp. has a twelve month low of $14.62 and a twelve month high of $21.77. The company’s 50 day moving average is $17.85 and its two-hundred day moving average is $17.23.

CVB Financial (NASDAQ:CVBF) last released its earnings results on Wednesday, July 24th. The financial services provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. The company had revenue of $125.27 million for the quarter, compared to the consensus estimate of $126.86 million. CVB Financial had a net margin of 29.58% and a return on equity of 10.41%. CVB Financial’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 EPS. As a group, analysts expect that CVB Financial Corp. will post 1.4 EPS for the current fiscal year.

CVB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend is Monday, September 30th. CVB Financial’s dividend payout ratio is presently 52.63%.

Insiders Place Their Bets

In other news, Director Kimberly H. Sheehy sold 2,961 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $17.14, for a total value of $50,751.54. Following the sale, the director now directly owns 13,156 shares of the company’s stock, valued at approximately $225,493.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.00% of the stock is owned by insiders.

CVB Financial Company 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.