CVB Financial Corp. (NASDAQ:CVBF) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in CVB Financial Corp. (NASDAQ:CVBF - Free Report) by 25.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,188 shares of the financial services provider's stock after selling 28,006 shares during the quarter. Renaissance Technologies LLC owned about 0.06% of CVB Financial worth $1,760,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Nomura Asset Management Co. Ltd. lifted its position in CVB Financial by 80.0% during the fourth 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. acquired a new stake in CVB Financial during the 4th quarter worth about $53,000. Smartleaf Asset Management LLC raised its stake in shares of CVB Financial by 144.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,389 shares of the financial services provider's stock valued at $95,000 after buying an additional 2,597 shares during the last quarter. KBC Group NV boosted its stake in shares of CVB Financial by 35.0% in the fourth quarter. KBC Group NV now owns 6,005 shares of the financial services provider's stock worth $129,000 after buying an additional 1,556 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of CVB Financial by 17.7% in the fourth quarter. Blue Trust Inc. now owns 6,108 shares of the financial services provider's stock worth $131,000 after buying an additional 918 shares during the last quarter. 74.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Piper Sandler dropped their price objective on shares of CVB Financial from $25.00 to $24.00 and set an "overweight" rating on the stock in a research note on Monday. Stephens dropped 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 research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $23.50.

CVB Financial Stock Up 1.5 %

Shares of CVB Financial stock traded up $0.28 on Friday, reaching $19.03. The company's stock had a trading volume of 88,962 shares, compared to its average volume of 805,329. The company has a market capitalization of $2.65 billion, a P/E ratio of 13.26 and a beta of 0.62. The stock has a 50-day moving average price of $18.40 and a 200-day moving average price of $20.27. CVB Financial Corp. has a 52-week low of $15.75 and a 52-week high of $24.58.

CVB Financial (NASDAQ:CVBF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.36 earnings per share 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 analysts' expectations of $124.45 million. During the same period in the prior year, the business posted $0.35 earnings per share. Sell-side analysts forecast that CVB Financial Corp. will post 1.41 earnings per share for the current fiscal year.

CVB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Wednesday, April 2nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.20%. The ex-dividend date was Wednesday, April 2nd. CVB Financial's payout ratio is 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.