RMB Capital Management LLC increased its holdings in shares of CVB Financial Corp. (NASDAQ:CVBF) by 15.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 156,033 shares of the financial services provider’s stock after acquiring an additional 20,711 shares during the quarter. RMB Capital Management LLC owned about 0.11% of CVB Financial worth $3,157,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in shares of CVB Financial by 8.5% in the 4th quarter. Geode Capital Management LLC now owns 1,228,653 shares of the financial services provider’s stock valued at $24,855,000 after purchasing an additional 96,179 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of CVB Financial by 2.4% in the 4th quarter. California State Teachers Retirement System now owns 175,325 shares of the financial services provider’s stock valued at $3,547,000 after purchasing an additional 4,073 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of CVB Financial by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,572,759 shares of the financial services provider’s stock valued at $72,278,000 after purchasing an additional 76,206 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of CVB Financial by 3.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 133,590 shares of the financial services provider’s stock valued at $2,495,000 after purchasing an additional 4,575 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new position in CVB Financial in the 4th quarter valued at approximately $1,436,000. 63.93% of the stock is currently owned by institutional investors and hedge funds.
CVB Financial stock opened at $21.80 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.85 and a quick ratio of 0.85. CVB Financial Corp. has a 52-week low of $19.21 and a 52-week high of $24.97. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.54 and a beta of 1.18.
CVB Financial (NASDAQ:CVBF) last released its quarterly earnings results on Wednesday, January 23rd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.03). CVB Financial had a return on equity of 10.45% and a net margin of 37.50%. The firm had revenue of $123.77 million for the quarter, compared to the consensus estimate of $116.78 million. During the same quarter in the previous year, the business posted $0.28 EPS. Analysts forecast that CVB Financial Corp. will post 1.47 earnings per share for the current year.
A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of CVB Financial from a “hold” rating to a “sell” rating in a report on Friday, January 25th. Keefe, Bruyette & Woods set a $23.00 price objective on shares of CVB Financial and gave the company a “hold” rating in a report on Thursday, December 20th. BidaskClub upgraded shares of CVB Financial from a “hold” rating to a “buy” rating in a report on Tuesday, November 20th. FIG Partners lowered shares of CVB Financial from an “outperform” rating to a “market-perform” rating in a report on Thursday, January 24th. Finally, Piper Jaffray Companies upgraded shares of CVB Financial from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $23.00 to $25.00 in a report on Monday, January 7th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $24.90.
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About CVB Financial
CVB Financial Corp. operates as a bank holding company for Citizens Business Bank that provides banking and financial products and services. The company offers checking, savings, and money market accounts, as well as time certificates of deposit; and serves as a federal tax depository for business customers.
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