Squarepoint Ops LLC Purchases Shares of 30,045 CVB Financial Corp. (NASDAQ:CVBF)

Squarepoint Ops LLC acquired a new position in shares of CVB Financial Corp. (NASDAQ:CVBF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 30,045 shares of the financial services provider's stock, valued at approximately $643,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC grew its position in shares of CVB Financial by 79.5% during the 3rd quarter. Barclays PLC now owns 291,011 shares of the financial services provider's stock valued at $5,186,000 after buying an additional 128,869 shares during the last quarter. Blue Trust Inc. grew its position in shares of CVB Financial by 17.7% during the 4th quarter. Blue Trust Inc. now owns 6,108 shares of the financial services provider's stock valued at $131,000 after buying an additional 918 shares during the last quarter. KBC Group NV grew its position in shares of CVB Financial by 35.0% during the 4th quarter. KBC Group NV now owns 6,005 shares of the financial services provider's stock valued at $129,000 after buying an additional 1,556 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of CVB Financial by 17.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 95,034 shares of the financial services provider's stock valued at $2,086,000 after buying an additional 14,143 shares during the last quarter. Finally, Savant Capital LLC bought a new stake in shares of CVB Financial during the 4th quarter valued at about $221,000. 74.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reduced their target price on shares of CVB Financial from $25.00 to $24.00 and set an "overweight" rating for the company in a research note on Monday, April 28th.

CVB Financial Stock Performance

Shares of NASDAQ:CVBF traded up $0.04 during trading on Thursday, reaching $18.59. The company had a trading volume of 616,150 shares, compared to its average volume of 818,282. The firm's fifty day moving average is $18.43 and its 200 day moving average is $20.07. The firm has a market capitalization of $2.56 billion, a PE ratio of 12.91 and a beta of 0.65. CVB Financial Corp. has a twelve month low of $15.91 and a twelve month high of $24.58.

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, beating the consensus estimate of $0.33 by $0.03. CVB Financial had a net margin of 29.32% and a return on equity of 9.35%. The business had revenue of $126.67 million during the quarter, compared to analyst estimates of $124.45 million. During the same period in the prior year, the business earned $0.35 earnings per share. Equities analysts predict that CVB Financial Corp. will post 1.41 earnings per share for the current fiscal year.

CVB Financial Announces Dividend

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

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.