CVB Financial Corporation (NASDAQ:CVBF) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in CVB Financial Corporation (NASDAQ:CVBF) by 58.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,547 shares of the financial services provider’s stock after purchasing an additional 17,476 shares during the period. Natixis Advisors LLC’s holdings in CVB Financial were worth $878,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CVBF. Illinois Municipal Retirement Fund lifted its position in CVB Financial by 2.4% during the first quarter. Illinois Municipal Retirement Fund now owns 71,615 shares of the financial services provider’s stock worth $1,322,000 after buying an additional 1,671 shares in the last quarter. Principal Financial Group Inc. lifted its position in CVB Financial by 2.7% during the first quarter. Principal Financial Group Inc. now owns 654,007 shares of the financial services provider’s stock worth $12,073,000 after buying an additional 17,205 shares in the last quarter. GAMMA Investing LLC lifted its position in CVB Financial by 1,845.6% during the first quarter. GAMMA Investing LLC now owns 93,777 shares of the financial services provider’s stock worth $1,731,000 after buying an additional 88,957 shares in the last quarter. KBC Group NV lifted its position in CVB Financial by 20.4% during the first quarter. KBC Group NV now owns 7,231 shares of the financial services provider’s stock worth $133,000 after buying an additional 1,226 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in CVB Financial by 12.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 106,996 shares of the financial services provider’s stock valued at $1,975,000 after purchasing an additional 11,962 shares during the period. 74.18% of the stock is owned by institutional investors and hedge funds.

CVB Financial Stock Down 0.9%

CVBF opened at $18.85 on Monday. The business has a 50 day moving average price of $19.58 and a two-hundred day moving average price of $19.26. The company has a market cap of $2.60 billion, a PE ratio of 13.00 and a beta of 0.69. CVB Financial Corporation has a 52 week low of $16.01 and a 52 week high of $24.58.

CVB Financial (NASDAQ:CVBF) last released its earnings results on Wednesday, July 23rd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $126.35 million for the quarter, compared to analysts’ expectations 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 previous year, the firm posted $0.36 EPS. As a group, sell-side analysts expect that CVB Financial Corporation will post 1.41 EPS for the current fiscal year.

CVB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Thursday, July 10th. CVB Financial’s dividend payout ratio is 55.17%.

Wall Street Analyst Weigh In

A number of research firms have commented on CVBF. Piper Sandler lifted their target price on CVB Financial from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Keefe, Bruyette & Woods reduced their target price 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 Buying and Selling

In other CVB Financial news, Director George A. Borba, Jr. purchased 53,567 shares of CVB Financial stock in a transaction on Monday, August 4th. The shares were bought at an average price of $18.67 per share, with a total value of $1,000,095.89. Following the purchase, the director directly owned 718,688 shares in the company, valued at $13,417,904.96. This trade 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. Company insiders own 6.10% of the company’s stock.

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.