Invesco Ltd. Sells 15,502 Shares of CVB Financial Corp. (NASDAQ:CVBF)

Invesco Ltd. decreased its holdings in shares of CVB Financial Corp. (NASDAQ:CVBF - Free Report) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 475,255 shares of the financial services provider's stock after selling 15,502 shares during the quarter. Invesco Ltd. owned about 0.34% of CVB Financial worth $10,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CVBF. Barclays PLC raised its holdings in 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 acquiring an additional 128,869 shares during the period. JPMorgan Chase & Co. raised its holdings in CVB Financial by 25.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 363,494 shares of the financial services provider's stock valued at $6,477,000 after acquiring an additional 74,004 shares during the period. Diversified Trust Co raised its holdings in CVB Financial by 11.9% during the 4th quarter. Diversified Trust Co now owns 49,520 shares of the financial services provider's stock valued at $1,060,000 after acquiring an additional 5,249 shares during the period. Crossmark Global Holdings Inc. bought a new stake in CVB Financial during the 4th quarter valued at $206,000. Finally, Nisa Investment Advisors LLC raised its holdings in CVB Financial by 22.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 52,358 shares of the financial services provider's stock valued at $1,131,000 after acquiring an additional 9,600 shares during the period. Institutional investors own 74.18% of the company's stock.

CVB Financial Stock Up 0.3 %

NASDAQ:CVBF traded up $0.06 during midday trading on Monday, hitting $18.52. The company had a trading volume of 743,776 shares, compared to its average volume of 810,804. CVB Financial Corp. has a 52-week low of $15.75 and a 52-week high of $24.58. The stock's fifty day moving average price is $18.47 and its 200-day moving average price is $20.30. The company has a market capitalization of $2.58 billion, a PE ratio of 12.86 and a beta of 0.62.

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

CVB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Wednesday, April 2nd were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $0.80 annualized dividend and a yield of 4.32%. CVB Financial's payout ratio is 55.17%.

Analyst Upgrades and Downgrades

CVBF has been the subject of a number of recent analyst reports. Stephens reduced their price target on shares of CVB Financial from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Monday, January 27th. Piper Sandler cut 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 report on Monday. 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 stock has an average rating of "Hold" and an average target price of $23.50.

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.