CVB Financial Corporation $CVBF Shares Bought by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp ET AL boosted its stake in CVB Financial by 139.4% in Q3 to 101,128 shares (about $1.91M), and institutional investors now own roughly 74.18% of the company.
• CVB declared a quarterly dividend of $0.20 (annualized $0.80) for a yield of 3.9%, with an ex-dividend date of April 1 and payment on April 15.
• Analysts are mixed but the consensus is a Moderate Buy with a $24.17 target; three analysts rate Buy, one rates Hold, and DA Davidson raised its target to $22.50.

Tudor Investment Corp ET AL boosted its position in shares of CVB Financial Corporation (NASDAQ:CVBF - Free Report) by 139.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,128 shares of the financial services provider's stock after acquiring an additional 58,882 shares during the period. Tudor Investment Corp ET AL owned about 0.07% of CVB Financial worth $1,912,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC acquired a new position in shares of CVB Financial in the 3rd quarter valued at $25,000. Hantz Financial Services Inc. boosted its holdings in shares of CVB Financial by 394.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,497 shares of the financial services provider's stock valued at $66,000 after buying an additional 2,790 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of CVB Financial by 26.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 4,039 shares of the financial services provider's stock valued at $77,000 after buying an additional 854 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in shares of CVB Financial in the 2nd quarter valued at $103,000. Finally, GAMMA Investing LLC boosted its holdings in shares of CVB Financial by 10.7% in the 3rd quarter. GAMMA Investing LLC now owns 6,384 shares of the financial services provider's stock valued at $121,000 after buying an additional 619 shares in the last quarter. Institutional investors and hedge funds own 74.18% of the company's stock.

Analysts Set New Price Targets

CVBF has been the subject of several research analyst reports. Wall Street Zen cut shares of CVB Financial from a "hold" rating to a "sell" rating in a report on Sunday, December 14th. Weiss Ratings upgraded shares of CVB Financial from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday. Finally, DA Davidson upped their target price on shares of CVB Financial from $21.00 to $22.50 and gave the company a "neutral" rating in a report on Friday, December 19th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.17.

CVB Financial Price Performance

Shares of NASDAQ:CVBF opened at $20.58 on Monday. The stock has a market cap of $2.79 billion, a P/E ratio of 13.72 and a beta of 0.65. The firm has a fifty day moving average price of $19.77 and a 200 day moving average price of $19.43. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.72 and a quick ratio of 0.72. CVB Financial Corporation has a 1-year low of $16.01 and a 1-year high of $21.48.

CVB Financial (NASDAQ:CVBF - Get Free Report) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $0.40 earnings per share for the quarter, hitting analysts' consensus estimates of $0.40. The firm had revenue of $133.85 million during the quarter, compared to analysts' expectations of $135.45 million. CVB Financial had a net margin of 32.28% and a return on equity of 9.25%. During the same quarter in the prior year, the business earned $0.36 EPS. Sell-side analysts predict that CVB Financial Corporation will post 1.41 EPS for the current year.

CVB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.80 dividend on an annualized basis and a yield of 3.9%. CVB Financial's dividend payout ratio is currently 53.33%.

About CVB Financial

CVB Financial Corp is the bank holding company for Citizens Business Bank, a California-based commercial bank whose operations trace back to 1974. Headquartered in Ontario, California, the company provides a broad range of banking and financial services through its community-focused branch network. As a publicly traded company on the NASDAQ under the symbol CVBF, CVB Financial oversees strategic planning, corporate governance and long-term growth initiatives for its subsidiary.

The company's core business activities include commercial lending, real estate financing, equipment leasing and Small Business Administration (SBA) loan programs.

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