Cerity Partners LLC Has $3.41 Million Stock Holdings in CVB Financial Corporation (NASDAQ:CVBF)

Cerity Partners LLC trimmed its stake in shares of CVB Financial Corporation (NASDAQ:CVBF) by 0.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 184,522 shares of the financial services provider’s stock after selling 1,363 shares during the quarter. Cerity Partners LLC owned about 0.13% of CVB Financial worth $3,406,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake 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 acquiring an additional 162,422 shares during the last quarter. Capital Research Global Investors bought a new stake in CVB Financial during the fourth quarter worth $94,382,000. Parallel Advisors LLC boosted its holdings in shares of CVB Financial by 29.7% in the 1st quarter. Parallel Advisors LLC now owns 3,822,248 shares of the financial services provider’s stock valued at $70,559,000 after purchasing an additional 874,631 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of CVB Financial by 15.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,334,354 shares of the financial services provider’s stock valued at $49,979,000 after purchasing an additional 317,418 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of CVB Financial by 1.3% in the 4th quarter. Northern Trust Corp now owns 1,681,961 shares of the financial services provider’s stock valued at $36,011,000 after purchasing an additional 21,510 shares during the last quarter. 74.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler dropped their price objective on CVB Financial from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Monday, April 28th.

CVB Financial Price Performance

Shares of NASDAQ:CVBF opened at $21.08 on Friday. CVB Financial Corporation has a one year low of $16.01 and a one year high of $24.58. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 14.54 and a beta of 0.67. The firm has a 50 day simple moving average of $19.57 and a 200 day simple moving average of $19.41.

CVB Financial (NASDAQ:CVBF) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. CVB Financial had a net margin of 30.24% and a return on equity of 9.32%. The company had revenue of $126.67 million during the quarter, compared to the consensus estimate of $124.45 million. During the same period in the prior year, the business earned $0.35 earnings per share. As a group, analysts expect that CVB Financial Corporation will post 1.41 EPS for the current year.

CVB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.20 dividend. The ex-dividend date is Thursday, July 10th. This represents a $0.80 annualized dividend and a yield of 3.80%. CVB Financial’s dividend payout ratio is presently 55.17%.

CVB Financial 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.