CVB Financial Corporation (NASDAQ:CVBF) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in shares of CVB Financial Corporation (NASDAQ:CVBF - Free Report) by 1,845.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,777 shares of the financial services provider's stock after purchasing an additional 88,957 shares during the quarter. GAMMA Investing LLC owned approximately 0.07% of CVB Financial worth $1,731,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its position in CVB Financial by 80.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,620 shares of the financial services provider's stock worth $35,000 after purchasing an additional 720 shares in the last quarter. Hopwood Financial Services Inc. purchased a new position in CVB Financial during the fourth quarter worth approximately $53,000. Sterling Capital Management LLC boosted its position in CVB Financial by 815.6% during the fourth quarter. Sterling Capital Management LLC now owns 4,175 shares of the financial services provider's stock worth $89,000 after purchasing an additional 3,719 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in 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 worth $95,000 after purchasing an additional 2,597 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new position in CVB Financial during the fourth quarter worth approximately $201,000. Hedge funds and other institutional investors own 74.18% of the company's stock.

Analyst Ratings Changes

Separately, Piper Sandler lowered their price target on CVB Financial from $25.00 to $24.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th.

CVB Financial Stock Up 1.2%

Shares of CVB Financial stock traded up $0.22 during mid-day trading on Wednesday, reaching $18.37. 647,212 shares of the stock traded hands, compared to its average volume of 818,849. The business has a 50-day moving average of $18.69 and a 200 day moving average of $19.75. CVB Financial Corporation has a fifty-two week low of $16.01 and a fifty-two week high of $24.58. The stock has a market capitalization of $2.53 billion, a PE ratio of 12.67 and a beta of 0.66.

CVB Financial (NASDAQ:CVBF - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. CVB Financial had a return on equity of 9.32% and a net margin of 30.24%. The business had revenue of $126.67 million during the quarter, compared to analysts' expectations of $124.45 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. On average, equities research analysts expect that CVB Financial Corporation will post 1.41 EPS for the current fiscal year.

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.