Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 11,094 CVB Financial Corporation (NASDAQ:CVBF)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in CVB Financial Corporation (NASDAQ:CVBF) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,094 shares of the financial services provider’s stock, valued at approximately $205,000.

A number of other institutional investors have also made changes to their positions in CVBF. Sterling Capital Management LLC increased its holdings in CVB Financial by 815.6% in the 4th quarter. Sterling Capital Management LLC now owns 4,175 shares of the financial services provider’s stock valued at $89,000 after buying an additional 3,719 shares during the period. Blue Trust Inc. lifted its holdings in shares of CVB Financial by 58.8% during the first quarter. Blue Trust Inc. now owns 4,470 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 1,655 shares during the period. KBC Group NV lifted its holdings in shares of CVB Financial by 20.4% during the first quarter. KBC Group NV now owns 7,231 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 1,226 shares during the period. Knightsbridge Asset Management LLC acquired a new stake in shares of CVB Financial in the 4th quarter valued at $204,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of CVB Financial in the 4th quarter worth about $215,000. 74.18% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Piper Sandler lifted their price target on shares of CVB Financial from $24.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Keefe, Bruyette & Woods decreased their price target on CVB Financial from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, July 25th.

Insider Activity at CVB Financial

In other CVB Financial news, Director George A. Borba, Jr. purchased 53,567 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average cost of $18.67 per share, with a total value of $1,000,095.89. Following the completion of the purchase, the director directly owned 718,688 shares in the company, valued at approximately $13,417,904.96. This represents a 8.05% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.10% of the stock is currently owned by corporate insiders.

CVB Financial Price Performance

Shares of CVB Financial stock opened at $18.69 on Tuesday. The firm has a 50 day simple moving average of $19.57 and a 200 day simple moving average of $19.31. The firm has a market cap of $2.58 billion, a P/E ratio of 12.89 and a beta of 0.69. CVB Financial Corporation has a fifty-two week low of $16.01 and a fifty-two week high of $24.58.

CVB Financial (NASDAQ:CVBF) last issued its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $126.35 million for the quarter, compared to analyst estimates of $127.95 million. CVB Financial had a return on equity of 9.21% and a net margin of 30.99%. During the same quarter in the prior year, the firm posted $0.36 earnings per share. On average, sell-side analysts expect that CVB Financial Corporation will post 1.41 EPS for the current year.

CVB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, July 10th. This represents a $0.80 annualized dividend and a dividend yield of 4.3%. CVB Financial’s payout ratio is currently 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.