Clifford Capital Partners LLC Lowers Stock Position in CVB Financial Corporation $CVBF

Clifford Capital Partners LLC lowered its position in CVB Financial Corporation (NASDAQ:CVBF) by 71.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 190,364 shares of the financial services provider’s stock after selling 474,921 shares during the period. Clifford Capital Partners LLC’s holdings in CVB Financial were worth $3,541,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC raised its holdings in shares of CVB Financial by 2.1% in the fourth quarter. ProShare Advisors LLC now owns 25,393 shares of the financial services provider’s stock valued at $472,000 after purchasing an additional 521 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of CVB Financial by 0.8% in the fourth quarter. State of Alaska Department of Revenue now owns 71,608 shares of the financial services provider’s stock valued at $1,330,000 after purchasing an additional 561 shares during the last quarter. CWM LLC increased its position in shares of CVB Financial by 6.3% during the 4th quarter. CWM LLC now owns 10,445 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 620 shares during the last quarter. Bolthouse Investments LLC increased its position in shares of CVB Financial by 1.1% during the 4th quarter. Bolthouse Investments LLC now owns 59,383 shares of the financial services provider’s stock valued at $1,105,000 after purchasing an additional 637 shares during the last quarter. Finally, Savant Capital LLC increased its position in shares of CVB Financial by 6.1% during the 4th quarter. Savant Capital LLC now owns 11,342 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 653 shares during the last quarter. Hedge funds and other institutional investors own 74.18% of the company’s stock.

Insiders Place Their Bets

In other news, Director George A. Borba, Jr. acquired 25,187 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average price of $19.85 per share, with a total value of $499,961.95. Following the acquisition, the director owned 846,308 shares in the company, valued at $16,799,213.80. The trade was a 3.07% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CVBF. Stephens reaffirmed an “equal weight” rating and set a $23.00 target price on shares of CVB Financial in a research report on Tuesday. Weiss Ratings raised CVB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 10th. Finally, Piper Sandler raised their target price on CVB Financial from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.13.

CVB Financial Trading Down 3.2%

Shares of CVB Financial stock opened at $20.57 on Thursday. CVB Financial Corporation has a 1 year low of $17.94 and a 1 year high of $21.63. The firm has a market cap of $3.63 billion, a PE ratio of 13.53 and a beta of 0.66. The stock has a fifty day moving average price of $20.38 and a 200-day moving average price of $19.92. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.73 and a quick ratio of 0.73.

CVB Financial (NASDAQ:CVBF) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. CVB Financial had a return on equity of 9.16% and a net margin of 32.05%.The firm had revenue of $132.12 million during the quarter, compared to analyst estimates of $162.29 million. During the same period last year, the firm posted $0.36 EPS. Equities research analysts anticipate that CVB Financial Corporation will post 1.56 EPS for the current year.

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.