Fuller & Thaler Asset Management Inc. boosted its position in CVB Financial Corp. (NASDAQ:CVBF - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,334,354 shares of the financial services provider's stock after purchasing an additional 317,418 shares during the period. Fuller & Thaler Asset Management Inc. owned 1.67% of CVB Financial worth $49,979,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of CVB Financial by 25.6% in the third quarter. JPMorgan Chase & Co. now owns 363,494 shares of the financial services provider's stock valued at $6,477,000 after buying an additional 74,004 shares during the period. Smartleaf Asset Management LLC boosted its holdings in CVB Financial by 144.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,389 shares of the financial services provider's stock worth $95,000 after acquiring an additional 2,597 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in CVB Financial by 22.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 52,358 shares of the financial services provider's stock worth $1,131,000 after acquiring an additional 9,600 shares in the last quarter. Proficio Capital Partners LLC bought a new position in CVB Financial in the fourth quarter worth approximately $699,000. Finally, Barclays PLC boosted its holdings in CVB Financial by 79.5% in the third quarter. Barclays PLC now owns 291,011 shares of the financial services provider's stock worth $5,186,000 after acquiring an additional 128,869 shares in the last quarter. Institutional investors and hedge funds own 74.18% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on CVBF shares. Piper Sandler dropped their target price on CVB Financial from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Monday. Stephens cut their price target on shares of CVB Financial from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $23.50.
Check Out Our Latest Stock Report on CVB Financial
CVB Financial Price Performance
CVBF stock traded up $0.09 during trading on Tuesday, reaching $18.61. The company had a trading volume of 148,192 shares, compared to its average volume of 808,200. CVB Financial Corp. has a 52 week low of $15.75 and a 52 week high of $24.58. The company has a market cap of $2.59 billion, a P/E ratio of 12.91 and a beta of 0.62. The business has a 50 day moving average of $18.47 and a 200 day moving average of $20.30.
CVB Financial (NASDAQ:CVBF - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. CVB Financial had a net margin of 29.32% and a return on equity of 9.35%. The company had revenue of $126.67 million during the quarter, compared to the consensus estimate of $124.45 million. During the same period in the prior year, the firm earned $0.35 earnings per share. Research analysts expect that CVB Financial Corp. will post 1.41 earnings per share for the current year.
CVB Financial Dividend Announcement
The firm also recently disclosed 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 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date was Wednesday, April 2nd. CVB Financial's dividend payout ratio (DPR) is presently 55.17%.
CVB Financial Profile
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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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