CVB Financial Corp. (NASDAQ:CVBF) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of CVB Financial Corp. (NASDAQ:CVBF - Free Report) by 5.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 419,930 shares of the financial services provider's stock after acquiring an additional 20,925 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.30% of CVB Financial worth $8,991,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Capital Research Global Investors acquired a new stake in CVB Financial in the 4th quarter worth about $94,382,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of CVB Financial during the 4th quarter valued at approximately $31,064,000. Norges Bank purchased a new stake in shares of CVB Financial during the 4th quarter valued at approximately $27,724,000. Victory Capital Management Inc. raised its position in shares of CVB Financial by 210.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,487,997 shares of the financial services provider's stock valued at $31,858,000 after buying an additional 1,009,146 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of CVB Financial by 99.6% during the 4th quarter. Wellington Management Group LLP now owns 969,415 shares of the financial services provider's stock valued at $20,755,000 after buying an additional 483,844 shares during the period. 74.18% of the stock is currently owned by institutional investors and hedge funds.

CVB Financial Stock Performance

Shares of NASDAQ:CVBF traded down $0.02 during trading on Wednesday, hitting $18.55. The company's stock had a trading volume of 755,936 shares, compared to its average volume of 819,091. The business has a 50 day moving average price of $18.43 and a two-hundred day moving average price of $20.07. The company has a market capitalization of $2.56 billion, a PE ratio of 12.88 and a beta of 0.65. CVB Financial Corp. has a fifty-two week low of $15.91 and a fifty-two week high of $24.58.

CVB Financial (NASDAQ:CVBF - Get Free Report) last posted its quarterly 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. The business had revenue of $126.67 million during the quarter, compared to the consensus estimate of $124.45 million. CVB Financial had a net margin of 29.32% and a return on equity of 9.35%. During the same quarter in the previous year, the firm posted $0.35 earnings per share. As a group, equities analysts expect that CVB Financial Corp. will post 1.41 earnings per share for the current fiscal year.

CVB Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Wednesday, April 2nd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.31%. CVB Financial's payout ratio is currently 55.17%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their target price 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 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.