Fox Run Management L.L.C. lifted its holdings in CVB Financial Corp. (NASDAQ:CVBF) by 37.8% during the 3rd quarter, Holdings Channel reports. The firm owned 17,209 shares of the financial services provider’s stock after acquiring an additional 4,722 shares during the quarter. Fox Run Management L.L.C.’s holdings in CVB Financial were worth $384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its stake in shares of CVB Financial by 6.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 652,102 shares of the financial services provider’s stock worth $14,621,000 after purchasing an additional 40,758 shares during the last quarter. Aperio Group LLC grew its stake in shares of CVB Financial by 40.5% in the 2nd quarter. Aperio Group LLC now owns 41,843 shares of the financial services provider’s stock worth $938,000 after purchasing an additional 12,058 shares during the last quarter. UBS Group AG grew its stake in shares of CVB Financial by 5.8% in the 1st quarter. UBS Group AG now owns 70,136 shares of the financial services provider’s stock worth $1,588,000 after purchasing an additional 3,860 shares during the last quarter. Legal & General Group Plc grew its stake in shares of CVB Financial by 6.3% in the 1st quarter. Legal & General Group Plc now owns 218,229 shares of the financial services provider’s stock worth $4,948,000 after purchasing an additional 12,866 shares during the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of CVB Financial by 504.1% in the 2nd quarter. Citadel Advisors LLC now owns 85,067 shares of the financial services provider’s stock worth $1,907,000 after purchasing an additional 70,985 shares during the last quarter. 70.07% of the stock is currently owned by institutional investors.

Several equities analysts have recently issued reports on CVBF shares. Sandler O’Neill reaffirmed a “hold” rating and issued a $24.50 price objective on shares of CVB Financial in a research note on Friday, July 20th. Zacks Investment Research raised shares of CVB Financial from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Tuesday, September 18th. BidaskClub cut shares of CVB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 25th. ValuEngine cut shares of CVB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Finally, Wedbush reaffirmed a “neutral” rating on shares of CVB Financial in a research note on Monday, July 16th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. CVB Financial presently has a consensus rating of “Hold” and a consensus target price of $25.50.

CVB Financial stock opened at $22.18 on Thursday. The company has a market capitalization of $2.46 billion, a PE ratio of 20.73, a PEG ratio of 1.80 and a beta of 1.38. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02. CVB Financial Corp. has a fifty-two week low of $21.64 and a fifty-two week high of $25.49.

CVB Financial (NASDAQ:CVBF) last released its earnings results on Wednesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $82.38 million for the quarter, compared to the consensus estimate of $81.70 million. CVB Financial had a net margin of 34.66% and a return on equity of 12.20%. During the same period last year, the firm posted $0.26 earnings per share. On average, equities research analysts predict that CVB Financial Corp. will post 1.3 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 18th. Stockholders of record on Wednesday, October 3rd will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Tuesday, October 2nd. CVB Financial’s dividend payout ratio (DPR) is currently 52.34%.

CVB Financial Profile

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank that provides banking, lending, and investment services. It operates in two segments, Banking Centers; and Dairy & Livestock and Agribusiness. The company offers checking, savings, and money market accounts, as well as time certificates of deposit; and serves as a federal tax depository for business customers.

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

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