CVB Financial Corp. (NASDAQ:CVBF) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP grew its position in shares of CVB Financial Corp. (NASDAQ:CVBF) by 188.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,624 shares of the financial services provider’s stock after buying an additional 20,009 shares during the quarter. GSA Capital Partners LLP’s holdings in CVB Financial were worth $740,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in CVBF. Strs Ohio increased its holdings in shares of CVB Financial by 12.5% in the 2nd quarter. Strs Ohio now owns 4,500 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 500 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in shares of CVB Financial by 54.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,491 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 2,291 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of CVB Financial by 29.3% in the 2nd quarter. D.A. Davidson & CO. now owns 7,056 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 1,600 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of CVB Financial by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,384 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 1,107 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of CVB Financial by 1.0% in the 2nd quarter. Bank of Montreal Can now owns 8,246 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 69.36% of the company’s stock.

A number of equities analysts have recently issued reports on CVBF shares. Zacks Investment Research upgraded shares of CVB Financial from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. ValuEngine downgraded shares of CVB Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Sandler O’Neill reiterated a “hold” rating and issued a $24.00 price target on shares of CVB Financial in a report on Thursday, January 4th. Piper Jaffray Companies reissued a “hold” rating on shares of CVB Financial in a research note on Friday, October 6th. Finally, BidaskClub cut shares of CVB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $23.17.

Shares of CVB Financial Corp. (NASDAQ:CVBF) opened at $24.30 on Friday. CVB Financial Corp. has a 12 month low of $19.58 and a 12 month high of $25.49. The company has a market cap of $2,670.00, a PE ratio of 23.37, a P/E/G ratio of 2.11 and a beta of 1.50. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.02.

CVB Financial (NASDAQ:CVBF) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. CVB Financial had a net margin of 35.60% and a return on equity of 10.89%. The company had revenue of $81.78 million for the quarter, compared to analysts’ expectations of $81.78 million. During the same period last year, the company earned $0.23 EPS. equities analysts anticipate that CVB Financial Corp. will post 1.06 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 22nd. Shareholders of record on Friday, January 5th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $0.56 annualized dividend and a dividend yield of 2.30%. CVB Financial’s dividend payout ratio is currently 53.85%.

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CVB Financial Profile

CVB Financial Corp. (CVB) is the bank holding company for Citizens Business Bank (the Bank). The Bank operates through two segments: Business Financial and Commercial Banking Centers (Centers), and Other Operations. The Company’s administrative and other smaller operating departments are combined into the Other segment.

Institutional Ownership by Quarter for CVB Financial (NASDAQ:CVBF)

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