First Trust Advisors LP cut its position in shares of CVB Financial Corporation (NASDAQ:CVBF) by 15.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,473 shares of the financial services provider’s stock after selling 32,095 shares during the quarter. First Trust Advisors LP owned about 0.16% of CVB Financial Corporation worth $4,145,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in CVB Financial Corporation by 3.9% in the second quarter. Vanguard Group Inc. now owns 9,771,495 shares of the financial services provider’s stock worth $219,175,000 after acquiring an additional 365,996 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in CVB Financial Corporation by 7.8% in the second quarter. Goldman Sachs Group Inc. now owns 3,778,792 shares of the financial services provider’s stock worth $84,759,000 after acquiring an additional 274,617 shares in the last quarter. Northern Trust Corp boosted its holdings in CVB Financial Corporation by 3.3% in the second quarter. Northern Trust Corp now owns 2,361,525 shares of the financial services provider’s stock worth $52,969,000 after acquiring an additional 76,345 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in CVB Financial Corporation by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 2,356,634 shares of the financial services provider’s stock worth $52,860,000 after acquiring an additional 63,017 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in CVB Financial Corporation by 2.5% in the second quarter. Principal Financial Group Inc. now owns 798,079 shares of the financial services provider’s stock worth $17,901,000 after acquiring an additional 19,537 shares in the last quarter. Institutional investors own 67.34% of the company’s stock.

Several research firms have commented on CVBF. ValuEngine downgraded CVB Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Zacks Investment Research raised CVB Financial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. Piper Jaffray Companies reissued a “hold” rating on shares of CVB Financial Corporation in a report on Friday, October 6th. BidaskClub downgraded CVB Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $23.00 target price on shares of CVB Financial Corporation in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $23.20.

CVB Financial Corporation (NASDAQ CVBF) opened at $23.02 on Friday. CVB Financial Corporation has a one year low of $19.58 and a one year high of $25.25. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $2,535.81, a price-to-earnings ratio of 22.13, a PEG ratio of 2.27 and a beta of 1.52.

CVB Financial Corporation (NASDAQ:CVBF) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. CVB Financial Corporation had a return on equity of 10.89% and a net margin of 35.60%. The firm had revenue of $81.78 million during the quarter, compared to analysts’ expectations of $81.78 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. research analysts expect that CVB Financial Corporation will post 1.07 EPS for the current fiscal year.

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CVB Financial Corporation Company 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.

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

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