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

Advantage Alpha Capital Partners LP lifted its holdings in shares of CVB Financial Corp. (NASDAQ:CVBF) by 53.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,424 shares of the financial services provider’s stock after buying an additional 9,223 shares during the period. Advantage Alpha Capital Partners LP’s holdings in CVB Financial were worth $471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CVBF. American Century Companies Inc. raised its position in shares of CVB Financial by 1.0% during the 2nd quarter. American Century Companies Inc. now owns 5,813,290 shares of the financial services provider’s stock worth $100,221,000 after purchasing an additional 58,774 shares during the period. Seaside Wealth Management Inc. bought a new position in CVB Financial during the 2nd quarter worth $1,395,000. Price T Rowe Associates Inc. MD increased its position in CVB Financial by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 105,803 shares of the financial services provider’s stock worth $1,888,000 after buying an additional 4,744 shares during the period. GAMMA Investing LLC lifted its stake in CVB Financial by 21.7% in the third quarter. GAMMA Investing LLC now owns 4,367 shares of the financial services provider’s stock valued at $78,000 after buying an additional 780 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of 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 valued at $3,798,000 after acquiring an additional 99,554 shares during the period. Institutional investors and hedge funds own 74.18% of the company’s stock.

CVB Financial Trading Down 0.7 %

CVBF stock opened at $23.83 on Wednesday. The firm’s 50-day moving average is $19.91 and its two-hundred day moving average is $18.25. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 16.66 and a beta of 0.44. CVB Financial Corp. has a 52 week low of $15.71 and a 52 week high of $24.58.

CVB Financial (NASDAQ:CVBF) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. CVB Financial had a return on equity of 9.80% and a net margin of 28.29%. The firm had revenue of $126.45 million during the quarter, compared to the consensus estimate of $126.75 million. During the same period in the prior year, the firm posted $0.42 earnings per share. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. On average, equities research analysts predict that CVB Financial Corp. will post 1.43 earnings per share for the current year.

CVB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 annualized dividend and a yield of 3.36%. CVB Financial’s dividend payout ratio is currently 55.94%.

Analysts Set New Price Targets

CVBF has been the topic of a number of analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of CVB Financial in a report on Thursday, October 24th. Keefe, Bruyette & Woods raised CVB Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $20.00 to $22.00 in a report on Wednesday, October 2nd. Finally, Piper Sandler reduced their price objective on CVB Financial from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.80.

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.