CVB Financial Corp. (NASDAQ:CVBF) Shares Bought by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP raised its holdings in CVB Financial Corp. (NASDAQ:CVBF) by 12.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,807 shares of the financial services provider’s stock after purchasing an additional 3,383 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in CVB Financial were worth $638,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Natixis Advisors LLC lifted its holdings in shares of CVB Financial by 2.1% in the 3rd quarter. Natixis Advisors LLC now owns 26,583 shares of the financial services provider’s stock worth $474,000 after acquiring an additional 545 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in CVB Financial by 87.6% during the third quarter. Thrivent Financial for Lutherans now owns 213,159 shares of the financial services provider’s stock worth $3,798,000 after purchasing an additional 99,554 shares in the last quarter. Intech Investment Management LLC lifted its stake in CVB Financial by 171.2% during the third quarter. Intech Investment Management LLC now owns 37,134 shares of the financial services provider’s stock worth $662,000 after purchasing an additional 23,441 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of CVB Financial by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,952,354 shares of the financial services provider’s stock worth $88,251,000 after buying an additional 181,769 shares during the period. Finally, Citigroup Inc. grew its stake in shares of CVB Financial by 9.8% in the third quarter. Citigroup Inc. now owns 264,663 shares of the financial services provider’s stock valued at $4,716,000 after buying an additional 23,682 shares in the last quarter. Institutional investors and hedge funds own 74.18% of the company’s stock.

CVB Financial Stock Performance

Shares of CVB Financial stock opened at $19.12 on Tuesday. The business has a 50-day simple moving average of $19.99 and a 200-day simple moving average of $20.32. The company has a market cap of $2.67 billion, a PE ratio of 13.28 and a beta of 0.46. CVB Financial Corp. has a one year low of $15.71 and a one year high of $24.58.

CVB Financial (NASDAQ:CVBF) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. CVB Financial had a net margin of 29.32% and a return on equity of 9.35%. On average, sell-side analysts predict that CVB Financial Corp. will post 1.41 earnings per share for the current fiscal year.

CVB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Wednesday, April 2nd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Wednesday, April 2nd. CVB Financial’s dividend payout ratio (DPR) is 55.56%.

Analyst Ratings Changes

Several research firms recently issued reports on CVBF. Stephens decreased their target price on CVB Financial from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Monday, January 27th. Keefe, Bruyette & Woods raised their price objective on shares of CVB Financial from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $22.20.

CVB Financial Company 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.