Deutsche Bank AG lifted its position in shares of CVB Financial Corp. (NASDAQ:CVBF - Free Report) by 50.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,880 shares of the financial services provider's stock after buying an additional 39,490 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of CVB Financial worth $2,524,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of CVB Financial by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,357,405 shares of the financial services provider's stock worth $136,116,000 after buying an additional 162,422 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position 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 in the last quarter. Capital Research Global Investors bought a new position in shares of CVB Financial during the 4th quarter worth $94,382,000. Fuller & Thaler Asset Management Inc. grew its position in shares of CVB Financial by 15.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,334,354 shares of the financial services provider's stock worth $49,979,000 after buying an additional 317,418 shares in the last quarter. Finally, Northern Trust Corp lifted its stake 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 Price Performance
Shares of NASDAQ CVBF opened at $19.05 on Thursday. The stock has a market capitalization of $2.63 billion, a P/E ratio of 13.23 and a beta of 0.65. CVB Financial Corp. has a 1-year low of $15.75 and a 1-year high of $24.58. The business has a fifty day moving average price of $18.42 and a 200 day moving average price of $20.28.
CVB Financial (NASDAQ:CVBF - Get Free Report) last released its quarterly 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 9.35% and a net margin of 29.32%. The company had revenue of $126.67 million during the quarter, compared to analysts' expectations of $124.45 million. During the same period last year, the business posted $0.35 earnings per share. As a group, equities research analysts anticipate that CVB Financial Corp. will post 1.41 earnings per share for the current fiscal year.
CVB Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Wednesday, April 2nd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend was Wednesday, April 2nd. CVB Financial's dividend payout ratio (DPR) is presently 55.17%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on CVBF shares. Piper Sandler decreased their price objective on CVB Financial from $25.00 to $24.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Stephens decreased their price objective on CVB Financial from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $23.50.
View Our Latest Stock Analysis on CVBF
CVB Financial Profile
(
Free Report)
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.
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