Piedmont Investment Advisors LLC bought a new stake in CVB Financial Corporation (NASDAQ:CVBF) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 22,146 shares of the financial services provider’s stock, valued at approximately $497,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CVBF. Bank of Montreal Can boosted its holdings in CVB Financial Corporation by 1.0% in the second quarter. Bank of Montreal Can now owns 8,246 shares of the financial services provider’s stock worth $185,000 after acquiring an additional 85 shares in the last quarter. Gamble Jones Investment Counsel boosted its holdings in CVB Financial Corporation by 0.6% in the second quarter. Gamble Jones Investment Counsel now owns 53,660 shares of the financial services provider’s stock worth $1,204,000 after acquiring an additional 300 shares in the last quarter. Aperio Group LLC boosted its holdings in CVB Financial Corporation by 1.1% in the second quarter. Aperio Group LLC now owns 28,853 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 328 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in CVB Financial Corporation by 1.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 22,980 shares of the financial services provider’s stock worth $508,000 after acquiring an additional 410 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in CVB Financial Corporation by 3.2% in the second quarter. Amalgamated Bank now owns 14,125 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 438 shares in the last quarter. Institutional investors own 67.33% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/20/22146-shares-in-cvb-financial-corporation-cvbf-acquired-by-piedmont-investment-advisors-llc.html.

In other CVB Financial Corporation news, Director Anna Kan acquired 4,660 shares of the stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average cost of $21.50 per share, for a total transaction of $100,190.00. Following the acquisition, the director now owns 17,660 shares in the company, valued at approximately $379,690. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 7.00% of the company’s stock.

Several brokerages have weighed in on CVBF. Zacks Investment Research raised CVB Financial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. ValuEngine raised CVB Financial Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Wedbush reissued a “neutral” rating and issued a $22.00 price target on shares of CVB Financial Corporation in a report on Tuesday, June 27th. Piper Jaffray Companies reissued a “hold” rating on shares of CVB Financial Corporation in a report on Friday, October 6th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $23.00 price target on shares of CVB Financial Corporation in a report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $22.60.

Shares of CVB Financial Corporation (NASDAQ:CVBF) opened at 24.10 on Friday. The firm has a market cap of $2.65 billion, a P/E ratio of 23.96 and a beta of 1.57. CVB Financial Corporation has a one year low of $16.32 and a one year high of $25.25. The firm has a 50-day moving average price of $22.48 and a 200 day moving average price of $21.70.

CVB Financial Corporation (NASDAQ:CVBF) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. CVB Financial Corporation had a net margin of 35.60% and a return on equity of 11.00%. The business had revenue of $81.78 million during the quarter, compared to analyst estimates of $81.78 million. During the same period in the previous year, the business posted $0.23 earnings per share. On average, analysts forecast that CVB Financial Corporation will post $1.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Stockholders of record on Wednesday, October 4th were issued a $0.14 dividend. The ex-dividend date was Tuesday, October 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.32%. CVB Financial Corporation’s payout ratio is 53.85%.

About CVB Financial Corporation

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 Corporation (NASDAQ:CVBF)

Receive News & Stock Ratings for CVB Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVB Financial Corporation and related stocks with our FREE daily email newsletter.