Dimensional Fund Advisors LP Has $134.45 Million Holdings in CVB Financial Corporation $CVBF

Dimensional Fund Advisors LP increased its stake in shares of CVB Financial Corporation (NASDAQ:CVBF) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,110,009 shares of the financial services provider’s stock after acquiring an additional 147,061 shares during the period. Dimensional Fund Advisors LP owned about 5.16% of CVB Financial worth $134,452,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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 purchasing an additional 561 shares during the period. Savant Capital LLC boosted its position in shares of CVB Financial by 5.6% during the third quarter. Savant Capital LLC now owns 10,689 shares of the financial services provider’s stock worth $202,000 after buying an additional 564 shares during the period. GAMMA Investing LLC grew its holdings in shares of CVB Financial by 10.7% during the third quarter. GAMMA Investing LLC now owns 6,384 shares of the financial services provider’s stock worth $121,000 after buying an additional 619 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of CVB Financial by 0.6% during the second quarter. California State Teachers Retirement System now owns 128,667 shares of the financial services provider’s stock worth $2,546,000 after buying an additional 754 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in CVB Financial by 2.0% in the 2nd quarter. New York State Common Retirement Fund now owns 41,117 shares of the financial services provider’s stock valued at $814,000 after buying an additional 819 shares during the last quarter. 74.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

CVB Financial Stock Down 0.1%

CVBF stock opened at $18.81 on Thursday. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 12.54 and a beta of 0.67. CVB Financial Corporation has a twelve month low of $16.01 and a twelve month high of $21.48. The business has a 50 day moving average price of $19.85 and a two-hundred day moving average price of $19.54. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.22.

CVB Financial (NASDAQ:CVBF) last released its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. CVB Financial had a return on equity of 9.25% and a net margin of 32.28%.The company had revenue of $133.85 million during the quarter, compared to the consensus estimate of $135.45 million. During the same quarter in the prior year, the firm posted $0.36 EPS. Analysts anticipate that CVB Financial Corporation will post 1.41 EPS for the current fiscal year.

CVB Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 13th. Shareholders of record on Monday, December 29th were paid a $0.20 dividend. The ex-dividend date was Monday, December 29th. This represents a $0.80 dividend on an annualized basis and a yield of 4.3%. CVB Financial’s dividend payout ratio (DPR) is currently 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.