CVB Financial Corp. (NASDAQ:CVBF) Shares Bought by Cerity Partners LLC

Cerity Partners LLC raised its stake in CVB Financial Corp. (NASDAQ:CVBF) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,144 shares of the financial services provider’s stock after acquiring an additional 3,502 shares during the quarter. Cerity Partners LLC’s holdings in CVB Financial were worth $1,134,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CVBF. Charles Schwab Investment Management Inc. grew its position in shares of CVB Financial by 6.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,594,323 shares of the financial services provider’s stock valued at $59,558,000 after purchasing an additional 213,038 shares during the period. Equitable Trust Co. grew its position in shares of CVB Financial by 8.3% in the third quarter. Equitable Trust Co. now owns 26,074 shares of the financial services provider’s stock valued at $432,000 after purchasing an additional 1,994 shares during the period. Illinois Municipal Retirement Fund purchased a new stake in shares of CVB Financial in the third quarter valued at $1,243,000. Victory Capital Management Inc. grew its position in shares of CVB Financial by 904.1% in the third quarter. Victory Capital Management Inc. now owns 416,953 shares of the financial services provider’s stock valued at $6,909,000 after purchasing an additional 375,426 shares during the period. Finally, GSA Capital Partners LLP grew its position in shares of CVB Financial by 3.3% in the third quarter. GSA Capital Partners LLP now owns 96,122 shares of the financial services provider’s stock valued at $1,593,000 after purchasing an additional 3,112 shares during the period. 74.18% of the stock is owned by institutional investors and hedge funds.

CVB Financial Trading Up 4.1 %

CVBF stock opened at $16.63 on Monday. The stock has a 50-day moving average price of $17.04 and a two-hundred day moving average price of $17.70. CVB Financial Corp. has a 12-month low of $10.66 and a 12-month high of $21.77. The company has a market cap of $2.32 billion, a PE ratio of 10.46 and a beta of 0.46.

CVB Financial (NASDAQ:CVBF) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. CVB Financial had a return on equity of 11.50% and a net margin of 33.26%. The company had revenue of $138.52 million during the quarter, compared to the consensus estimate of $134.88 million. Equities analysts forecast that CVB Financial Corp. will post 1.43 EPS for the current fiscal year.

CVB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Wednesday, April 3rd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend was Tuesday, April 2nd. CVB Financial’s payout ratio is 50.31%.

Insider Transactions at CVB Financial

In other CVB Financial news, CFO E Allen Nicholson purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average price of $16.77 per share, for a total transaction of $33,540.00. Following the completion of the purchase, the chief financial officer now owns 92,310 shares in the company, valued at approximately $1,548,038.70. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other CVB Financial news, CFO E Allen Nicholson purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average price of $16.77 per share, for a total transaction of $33,540.00. Following the completion of the purchase, the chief financial officer now owns 92,310 shares in the company, valued at approximately $1,548,038.70. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director George A. Borba, Jr. purchased 59,601 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was acquired at an average price of $16.78 per share, for a total transaction of $1,000,104.78. Following the purchase, the director now owns 626,311 shares of the company’s stock, valued at approximately $10,509,498.58. The disclosure for this purchase can be found here. Insiders purchased 63,601 shares of company stock valued at $1,067,145 over the last quarter. Company insiders own 6.00% of the company’s stock.

Analysts Set New Price Targets

CVBF has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their price objective on CVB Financial from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Friday, January 26th. StockNews.com raised CVB Financial to a “sell” rating in a research report on Friday, January 5th. Finally, Wedbush lowered their price target on CVB Financial from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, CVB Financial currently has an average rating of “Hold” and a consensus target price of $20.67.

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.