KWB Wealth Invests $254,000 in CVB Financial Corp. (NASDAQ:CVBF)

KWB Wealth acquired a new position in CVB Financial Corp. (NASDAQ:CVBF - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 13,757 shares of the financial services provider's stock, valued at approximately $254,000.

A number of other large investors have also recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. lifted its stake in shares of CVB Financial by 80.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,620 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 720 shares during the period. Hopwood Financial Services Inc. purchased a new position in shares of CVB Financial in the 4th quarter valued at approximately $53,000. Sterling Capital Management LLC lifted its stake in shares of CVB Financial by 815.6% in the 4th quarter. Sterling Capital Management LLC now owns 4,175 shares of the financial services provider's stock valued at $89,000 after purchasing an additional 3,719 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of CVB Financial by 144.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,389 shares of the financial services provider's stock valued at $95,000 after purchasing an additional 2,597 shares during the period. Finally, KBC Group NV lifted its stake in shares of CVB Financial by 35.0% in the 4th quarter. KBC Group NV now owns 6,005 shares of the financial services provider's stock valued at $129,000 after purchasing an additional 1,556 shares during the period. 74.18% of the stock is currently owned by institutional investors.

CVB Financial Trading Up 0.2%

CVB Financial stock traded up $0.04 during mid-day trading on Thursday, hitting $18.59. The company had a trading volume of 616,150 shares, compared to its average volume of 819,634. The stock's 50 day moving average price is $18.43 and its two-hundred day moving average price is $20.07. CVB Financial Corp. has a 12 month low of $15.91 and a 12 month high of $24.58. The company has a market capitalization of $2.56 billion, a PE ratio of 12.91 and a beta of 0.65.

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

CVB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Wednesday, April 2nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.30%. The ex-dividend date was Wednesday, April 2nd. CVB Financial's dividend payout ratio (DPR) is 55.17%.

Analyst Ratings Changes

Separately, Piper Sandler lowered their target price 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.

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.