BNP Paribas Financial Markets Has $576,000 Holdings in CVB Financial Corp. (NASDAQ:CVBF)

BNP Paribas Financial Markets cut its position in CVB Financial Corp. (NASDAQ:CVBF) by 59.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,908 shares of the financial services provider’s stock after selling 39,287 shares during the period. BNP Paribas Financial Markets’ holdings in CVB Financial were worth $576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in CVB Financial by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,357,405 shares of the financial services provider’s stock valued at $136,116,000 after buying an additional 162,422 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of CVB Financial by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,156,518 shares of the financial services provider’s stock worth $110,401,000 after acquiring an additional 204,164 shares during the last quarter. Capital Research Global Investors bought a new position in shares of CVB Financial in the fourth quarter worth about $94,382,000. Fuller & Thaler Asset Management Inc. raised its stake in shares of CVB Financial by 15.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,334,354 shares of the financial services provider’s stock worth $49,979,000 after acquiring an additional 317,418 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of CVB Financial by 1.3% in the fourth quarter. Northern Trust Corp now owns 1,681,961 shares of the financial services provider’s stock worth $36,011,000 after acquiring an additional 21,510 shares during the last quarter. 74.18% of the stock is currently owned by institutional investors and hedge funds.

CVB Financial Trading Down 0.2%

Shares of NASDAQ CVBF opened at $18.94 on Friday. The company has a market cap of $2.61 billion, a PE ratio of 13.15 and a beta of 0.65. The company has a 50-day moving average of $18.43 and a two-hundred day moving average of $20.27. CVB Financial Corp. has a 1-year low of $15.75 and a 1-year high of $24.58.

CVB Financial (NASDAQ:CVBF) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $126.67 million during the quarter, compared to the consensus estimate of $124.45 million. CVB Financial had a net margin of 29.32% and a return on equity of 9.35%. During the same period in the previous year, the firm posted $0.35 earnings per share. As a group, equities research analysts forecast that CVB Financial Corp. will post 1.41 earnings per share for the current year.

CVB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Wednesday, April 2nd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend was Wednesday, April 2nd. CVB Financial’s dividend payout ratio (DPR) is 55.17%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CVBF. Stephens dropped their target price on shares of 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. Piper Sandler dropped their target price on shares of CVB Financial from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Monday, April 28th.

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.