CVB Financial Corporation (NASDAQ:CVBF) Short Interest Update

CVB Financial Corporation (NASDAQ:CVBF) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 7,531,523 shares, a growth of 23.6% from the December 31st total of 6,092,678 shares. Based on an average daily trading volume, of 1,370,660 shares, the days-to-cover ratio is presently 5.5 days. Approximately 5.9% of the shares of the stock are short sold. Approximately 5.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,370,660 shares, the days-to-cover ratio is presently 5.5 days.

Wall Street Analyst Weigh In

A number of analysts have commented on CVBF shares. Wall Street Zen downgraded shares of CVB Financial from a “hold” rating to a “sell” rating in a report on Sunday, December 14th. Weiss Ratings restated a “hold (c)” rating on shares of CVB Financial in a research report on Monday, December 29th. Finally, DA Davidson lifted their price objective on CVB Financial from $21.00 to $22.50 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $24.17.

Insider Activity

In other CVB Financial news, Director George A. Borba, Jr. bought 27,094 shares of CVB Financial stock in a transaction dated Friday, November 14th. The stock was acquired at an average cost of $18.45 per share, for a total transaction of $499,884.30. Following the completion of the transaction, the director directly owned 745,782 shares of the company’s stock, valued at approximately $13,759,677.90. This represents a 3.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CVBF. Bolthouse Investments LLC raised its stake in shares of CVB Financial by 1.0% in the 3rd quarter. Bolthouse Investments LLC now owns 58,746 shares of the financial services provider’s stock valued at $1,111,000 after acquiring an additional 561 shares during the period. State of Alaska Department of Revenue increased its holdings in CVB Financial by 0.8% in the 4th quarter. State of Alaska Department of Revenue now owns 71,608 shares of the financial services provider’s stock valued at $1,330,000 after purchasing an additional 561 shares during the last quarter. Savant Capital LLC increased its holdings in CVB Financial by 5.6% in the 3rd quarter. Savant Capital LLC now owns 10,689 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 564 shares during the last quarter. GAMMA Investing LLC raised its position in CVB Financial by 10.7% in the third quarter. GAMMA Investing LLC now owns 6,384 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 619 shares during the period. Finally, CWM LLC lifted its stake in CVB Financial by 6.3% during the fourth quarter. CWM LLC now owns 10,445 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 620 shares in the last quarter. Hedge funds and other institutional investors own 74.18% of the company’s stock.

CVB Financial Stock Performance

CVBF stock opened at $20.36 on Wednesday. CVB Financial has a one year low of $16.01 and a one year high of $21.34. The firm has a market cap of $2.79 billion, a PE ratio of 13.57 and a beta of 0.68. The firm’s 50 day moving average price is $19.65 and its 200-day moving average price is $19.42.

CVB Financial (NASDAQ:CVBF) last issued its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. CVB Financial had a return on equity of 9.30% and a net margin of 32.28%.The company had revenue of $133.85 million during the quarter, compared to analyst estimates of $135.45 million. During the same period in the prior year, the business posted $0.36 earnings per share. Equities research analysts predict that CVB Financial will post 1.41 EPS for the current fiscal year.

CVB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 13th. Investors of record on Monday, December 29th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, December 29th. CVB Financial’s dividend payout ratio (DPR) is presently 53.33%.

About CVB Financial

CVB Financial Corp is the bank holding company for Citizens Business Bank, a California-based commercial bank whose operations trace back to 1974. Headquartered in Ontario, California, the company provides a broad range of banking and financial services through its community-focused branch network. As a publicly traded company on the NASDAQ under the symbol CVBF, CVB Financial oversees strategic planning, corporate governance and long-term growth initiatives for its subsidiary.

The company’s core business activities include commercial lending, real estate financing, equipment leasing and Small Business Administration (SBA) loan programs.