Corient Private Wealth LLC Trims Stake in CVB Financial Corp. (NASDAQ:CVBF)

Corient Private Wealth LLC cut its stake in shares of CVB Financial Corp. (NASDAQ:CVBF) by 35.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,012 shares of the financial services provider’s stock after selling 10,272 shares during the period. Corient Private Wealth LLC’s holdings in CVB Financial were worth $407,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Intech Investment Management LLC grew its stake in shares of CVB Financial by 171.2% during the 3rd quarter. Intech Investment Management LLC now owns 37,134 shares of the financial services provider’s stock valued at $662,000 after acquiring an additional 23,441 shares during the period. Citigroup Inc. boosted its position in shares of CVB Financial by 9.8% in the third quarter. Citigroup Inc. now owns 264,663 shares of the financial services provider’s stock worth $4,716,000 after purchasing an additional 23,682 shares during the period. Cerity Partners LLC increased its stake in shares of CVB Financial by 27.4% in the third quarter. Cerity Partners LLC now owns 132,656 shares of the financial services provider’s stock worth $2,364,000 after purchasing an additional 28,501 shares in the last quarter. Quantbot Technologies LP raised its position in shares of CVB Financial by 317.5% during the 3rd quarter. Quantbot Technologies LP now owns 82,267 shares of the financial services provider’s stock valued at $1,466,000 after purchasing an additional 62,562 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of CVB Financial by 67.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 66,195 shares of the financial services provider’s stock valued at $1,180,000 after buying an additional 26,610 shares in the last quarter. Institutional investors own 74.18% of the company’s stock.

CVB Financial Trading Down 2.0 %

NASDAQ:CVBF opened at $18.46 on Friday. The business’s 50-day moving average is $19.85 and its 200 day moving average is $20.34. CVB Financial Corp. has a 12 month low of $15.71 and a 12 month high of $24.58. The company has a market capitalization of $2.58 billion, a P/E ratio of 12.82 and a beta of 0.46.

CVB Financial (NASDAQ:CVBF) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. CVB Financial had a return on equity of 9.35% and a net margin of 29.32%. On average, research analysts forecast that CVB Financial Corp. will post 1.41 earnings per share for the current year.

CVB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 2nd will be issued a $0.20 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.33%. CVB Financial’s dividend payout ratio (DPR) is presently 55.56%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CVBF. Stephens cut their price target on CVB Financial from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Monday, January 27th. Keefe, Bruyette & Woods increased their target price on CVB Financial from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $22.20.

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.