CVB Financial Corp. (NASDAQ:CVBF) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its position in CVB Financial Corp. (NASDAQ:CVBF - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 313,747 shares of the financial services provider's stock after selling 25,625 shares during the period. Ameriprise Financial Inc. owned approximately 0.22% of CVB Financial worth $6,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in CVB Financial by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,357,405 shares of the financial services provider's stock worth $136,116,000 after purchasing an additional 162,422 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of CVB Financial by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,156,518 shares of the financial services provider's stock worth $110,401,000 after buying an additional 204,164 shares during the last quarter. Capital Research Global Investors purchased a new position in shares of CVB Financial during the 4th quarter worth approximately $94,382,000. Fuller & Thaler Asset Management Inc. boosted its position in CVB Financial by 15.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,334,354 shares of the financial services provider's stock valued at $49,979,000 after buying an additional 317,418 shares during the period. Finally, Northern Trust Corp lifted its position in shares of CVB Financial by 1.3% during the 4th quarter. Northern Trust Corp now owns 1,681,961 shares of the financial services provider's stock worth $36,011,000 after purchasing an additional 21,510 shares during the last quarter. Institutional investors own 74.18% of the company's stock.

CVB Financial Stock Performance

CVBF traded down $0.03 during midday trading on Friday, hitting $18.94. The company had a trading volume of 583,492 shares, compared to its average volume of 810,632. The company has a market capitalization of $2.61 billion, a PE ratio of 13.15 and a beta of 0.65. CVB Financial Corp. has a twelve month low of $15.75 and a twelve month high of $24.58. The firm's 50-day simple moving average is $18.43 and its 200-day simple moving average is $20.26.

CVB Financial (NASDAQ:CVBF - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The company had revenue of $126.67 million for the quarter, compared to analyst estimates of $124.45 million. CVB Financial had a net margin of 29.32% and a return on equity of 9.35%. During the same period in the previous year, the business earned $0.35 EPS. As a group, sell-side analysts anticipate that CVB Financial Corp. will post 1.41 EPS for the current fiscal year.

CVB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 2nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend was Wednesday, April 2nd. CVB Financial's dividend payout ratio (DPR) is presently 55.17%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Piper Sandler dropped their target price on shares of CVB Financial from $25.00 to $24.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Stephens dropped their price objective on shares of CVB Financial from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Monday, January 27th.

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.