6,020 Shares in CVB Financial Corp. (NASDAQ:CVBF) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in CVB Financial Corp. (NASDAQ:CVBF) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 6,020 shares of the financial services provider’s stock, valued at approximately $107,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of CVB Financial by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 15,701,547 shares of the financial services provider’s stock valued at $317,014,000 after buying an additional 176,694 shares in the last quarter. American Century Companies Inc. increased its stake in shares of CVB Financial by 1.0% during the second quarter. American Century Companies Inc. now owns 5,813,290 shares of the financial services provider’s stock worth $100,221,000 after purchasing an additional 58,774 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of CVB Financial by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 5,649,691 shares of the financial services provider’s stock worth $97,399,000 after purchasing an additional 816,176 shares in the last quarter. Sei Investments Co. raised its position in shares of CVB Financial by 2.9% during the 2nd quarter. Sei Investments Co. now owns 628,921 shares of the financial services provider’s stock worth $10,843,000 after purchasing an additional 17,483 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in CVB Financial by 7.3% in the 1st quarter. Bessemer Group Inc. now owns 539,730 shares of the financial services provider’s stock valued at $9,629,000 after buying an additional 36,894 shares in the last quarter. 74.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on CVBF. Wedbush reiterated a “neutral” rating and set a $20.00 price objective on shares of CVB Financial in a research note on Thursday. Stephens boosted their price target on CVB Financial from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods raised CVB Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $20.00 to $22.00 in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, CVB Financial has an average rating of “Hold” and a consensus price target of $20.25.

CVB Financial Stock Down 1.8 %

Shares of CVBF opened at $19.23 on Monday. CVB Financial Corp. has a 52-week low of $15.38 and a 52-week high of $21.77. The stock has a fifty day simple moving average of $18.12 and a two-hundred day simple moving average of $17.45. The company has a market capitalization of $2.69 billion, a PE ratio of 12.65 and a beta of 0.45.

CVB Financial (NASDAQ:CVBF) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. CVB Financial had a net margin of 29.58% and a return on equity of 10.41%. The firm had revenue of $126.45 million during the quarter, compared to analysts’ expectations of $126.75 million. During the same period last year, the business earned $0.42 earnings per share. CVB Financial’s revenue was down 8.2% compared to the same quarter last year. As a group, equities analysts anticipate that CVB Financial Corp. will post 1.4 earnings per share for the current fiscal year.

CVB Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend was Monday, September 30th. CVB Financial’s payout ratio is presently 52.63%.

CVB Financial Company 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.