Nomura Asset Management Co. Ltd. Has $35,000 Stake in CVB Financial Corp. (NASDAQ:CVBF)

Nomura Asset Management Co. Ltd. grew its holdings in CVB Financial Corp. (NASDAQ:CVBF) by 80.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,620 shares of the financial services provider’s stock after acquiring an additional 720 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in CVB Financial were worth $35,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP acquired a new stake in shares of CVB Financial in the third quarter valued at approximately $8,653,000. JPMorgan Chase & Co. raised its position in shares of CVB Financial by 25.6% during the third quarter. JPMorgan Chase & Co. now owns 363,494 shares of the financial services provider’s stock worth $6,477,000 after acquiring an additional 74,004 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of CVB Financial by 144.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,389 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 2,597 shares during the period. Jane Street Group LLC boosted its holdings in CVB Financial by 11.8% in the third quarter. Jane Street Group LLC now owns 136,780 shares of the financial services provider’s stock valued at $2,437,000 after acquiring an additional 14,384 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in CVB Financial by 22.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 52,358 shares of the financial services provider’s stock worth $1,131,000 after purchasing an additional 9,600 shares during the period. Institutional investors own 74.18% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens cut their target price on shares of CVB Financial from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.20.

CVB Financial Trading Down 1.2 %

NASDAQ:CVBF opened at $16.85 on Friday. CVB Financial Corp. has a 1-year low of $15.71 and a 1-year high of $24.58. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 11.70 and a beta of 0.46. The business’s 50-day moving average price is $19.56 and its two-hundred day moving average price is $20.34.

CVB Financial (NASDAQ:CVBF) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. CVB Financial had a net margin of 29.32% and a return on equity of 9.35%. Sell-side analysts predict that CVB Financial Corp. will post 1.41 earnings per share for the current year.

CVB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 2nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Wednesday, April 2nd. CVB Financial’s dividend payout ratio (DPR) is 55.56%.

About CVB Financial

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.