CIBC Asset Management Inc bought a new position in shares of CVB Financial Corporation (NASDAQ:CVBF) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,474 shares of the financial services provider’s stock, valued at approximately $205,000.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in CVB Financial Corporation by 3.9% during the second quarter. Vanguard Group Inc. now owns 9,771,495 shares of the financial services provider’s stock worth $219,175,000 after purchasing an additional 365,996 shares during the period. Goldman Sachs Group Inc. raised its stake in CVB Financial Corporation by 7.8% during 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 purchasing an additional 274,617 shares during the period. Northern Trust Corp raised its stake in CVB Financial Corporation by 3.3% during the second quarter. Northern Trust Corp now owns 2,361,525 shares of the financial services provider’s stock worth $52,969,000 after purchasing an additional 76,345 shares during the period. Bank of New York Mellon Corp raised its stake in CVB Financial Corporation by 2.7% during 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 purchasing an additional 63,017 shares during the period. Finally, Principal Financial Group Inc. raised its stake in CVB Financial Corporation by 2.5% during the second quarter. Principal Financial Group Inc. now owns 798,079 shares of the financial services provider’s stock worth $17,901,000 after purchasing an additional 19,537 shares during the period. 68.49% of the stock is currently owned by institutional investors.

Shares of CVB Financial Corporation (NASDAQ:CVBF) opened at $23.64 on Wednesday. The stock has a market cap of $2,576.56, a P/E ratio of 22.49, a PEG ratio of 2.31 and a beta of 1.52. CVB Financial Corporation has a 52 week low of $19.58 and a 52 week 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.

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

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

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)

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