Invesco Ltd. Trims Stock Holdings in CVB Financial Corp. (NASDAQ:CVBF)

Invesco Ltd. cut its stake in CVB Financial Corp. (NASDAQ:CVBF) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 475,255 shares of the financial services provider’s stock after selling 15,502 shares during the quarter. Invesco Ltd. owned about 0.34% of CVB Financial worth $10,175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC grew its stake in CVB Financial by 79.5% during the third quarter. Barclays PLC now owns 291,011 shares of the financial services provider’s stock valued at $5,186,000 after acquiring an additional 128,869 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in CVB Financial by 25.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 363,494 shares of the financial services provider’s stock valued at $6,477,000 after purchasing an additional 74,004 shares during the period. Diversified Trust Co grew its position in shares of CVB Financial by 11.9% during the 4th quarter. Diversified Trust Co now owns 49,520 shares of the financial services provider’s stock valued at $1,060,000 after purchasing an additional 5,249 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of CVB Financial in the fourth quarter worth $206,000. Finally, Nisa Investment Advisors LLC raised its position in shares of CVB Financial by 22.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 52,358 shares of the financial services provider’s stock worth $1,131,000 after buying an additional 9,600 shares in the last quarter. 74.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Stephens reduced their target price on CVB Financial from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.25.

CVB Financial Stock Up 3.9 %

Shares of CVBF opened at $18.41 on Wednesday. CVB Financial Corp. has a twelve month low of $15.75 and a twelve month high of $24.58. The firm has a 50 day moving average of $18.60 and a 200 day moving average of $20.27. The company has a market capitalization of $2.56 billion, a P/E ratio of 12.78 and a beta of 0.62.

CVB Financial (NASDAQ:CVBF) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.36 earnings per share 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, sell-side analysts expect that CVB Financial Corp. will post 1.41 EPS for the current year.

CVB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 2nd were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $0.80 annualized dividend and a dividend yield of 4.35%. CVB Financial’s dividend payout ratio (DPR) is 55.56%.

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.