Public Sector Pension Investment Board Has $9.56 Million Holdings in CVB Financial Corporation $CVBF

Public Sector Pension Investment Board lifted its position in CVB Financial Corporation (NASDAQ:CVBF) by 14.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 505,294 shares of the financial services provider’s stock after buying an additional 63,632 shares during the quarter. Public Sector Pension Investment Board owned about 0.37% of CVB Financial worth $9,555,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LSV Asset Management acquired a new stake in CVB Financial in the third quarter valued at $2,324,000. MQS Management LLC bought a new stake in shares of CVB Financial in the 3rd quarter valued at about $367,000. Smartleaf Asset Management LLC lifted its stake in CVB Financial by 26.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 4,039 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 854 shares during the last quarter. Bessemer Group Inc. grew its holdings in CVB Financial by 29.5% during the third quarter. Bessemer Group Inc. now owns 1,095,694 shares of the financial services provider’s stock worth $20,720,000 after purchasing an additional 249,490 shares during the period. Finally, Savant Capital LLC increased its position in CVB Financial by 5.6% during the third quarter. Savant Capital LLC now owns 10,689 shares of the financial services provider’s stock worth $202,000 after buying an additional 564 shares during the last quarter. 74.18% of the stock is owned by institutional investors.

CVB Financial Trading Up 0.5%

CVB Financial stock opened at $20.55 on Tuesday. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 13.70 and a beta of 0.68. CVB Financial Corporation has a 12 month low of $16.01 and a 12 month high of $21.48. The stock’s 50 day moving average is $19.84 and its 200-day moving average is $19.49.

CVB Financial (NASDAQ:CVBF) last released its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. CVB Financial had a return on equity of 9.30% and a net margin of 32.28%.The business had revenue of $133.85 million during the quarter, compared to the consensus estimate of $135.45 million. During the same period in the previous year, the company posted $0.36 EPS. As a group, equities research analysts predict that CVB Financial Corporation will post 1.41 earnings per share for the current fiscal year.

CVB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 13th. Investors of record on Monday, December 29th were paid a $0.20 dividend. The ex-dividend date was Monday, December 29th. This represents a $0.80 annualized dividend and a dividend yield of 3.9%. CVB Financial’s dividend payout ratio is 53.33%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CVBF shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CVB Financial in a research report on Monday, December 29th. DA Davidson increased their price target on CVB Financial from $21.00 to $22.50 and gave the company a “neutral” rating in a research note on Friday, December 19th. Finally, Wall Street Zen cut shares of CVB Financial from a “hold” rating to a “sell” rating in a research report on Sunday, December 14th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, CVB Financial has a consensus rating of “Moderate Buy” and an average price target of $24.17.

CVB Financial Company Profile

CVB Financial Corp is the bank holding company for Citizens Business Bank, a California-based commercial bank whose operations trace back to 1974. Headquartered in Ontario, California, the company provides a broad range of banking and financial services through its community-focused branch network. As a publicly traded company on the NASDAQ under the symbol CVBF, CVB Financial oversees strategic planning, corporate governance and long-term growth initiatives for its subsidiary.

The company’s core business activities include commercial lending, real estate financing, equipment leasing and Small Business Administration (SBA) loan programs.