CVB Financial Corp. (NASDAQ:CVBF) Shares Bought by Everence Capital Management Inc.

Everence Capital Management Inc. raised its holdings in CVB Financial Corp. (NASDAQ:CVBF) by 36.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,560 shares of the financial services provider’s stock after buying an additional 5,790 shares during the period. Everence Capital Management Inc.’s holdings in CVB Financial were worth $435,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Citigroup Inc. grew its holdings in shares of CVB Financial by 20.6% during the first quarter. Citigroup Inc. now owns 121,451 shares of the financial services provider’s stock worth $2,818,000 after purchasing an additional 20,745 shares during the last quarter. Natixis Advisors L.P. purchased a new position in shares of CVB Financial during the first quarter worth about $422,000. Bank of Montreal Can grew its holdings in shares of CVB Financial by 5.6% during the first quarter. Bank of Montreal Can now owns 40,228 shares of the financial services provider’s stock worth $942,000 after purchasing an additional 2,135 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of CVB Financial by 63.5% during the first quarter. MetLife Investment Management LLC now owns 72,516 shares of the financial services provider’s stock worth $1,683,000 after purchasing an additional 28,159 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of CVB Financial by 3.2% during the first quarter. Rhumbline Advisers now owns 417,911 shares of the financial services provider’s stock worth $9,700,000 after purchasing an additional 12,818 shares during the last quarter. 74.18% of the stock is currently owned by institutional investors and hedge funds.

CVB Financial Trading Up 0.6 %

Shares of CVBF opened at $15.85 on Thursday. CVB Financial Corp. has a twelve month low of $10.66 and a twelve month high of $21.77. The stock’s 50 day moving average is $17.07 and its two-hundred day moving average is $17.68. The firm has a market capitalization of $2.21 billion, a PE ratio of 9.97 and a beta of 0.46.

CVB Financial (NASDAQ:CVBF) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. CVB Financial had a return on equity of 11.50% and a net margin of 33.26%. The company had revenue of $138.52 million for the quarter, compared to analyst estimates of $134.88 million. On average, sell-side analysts predict that CVB Financial Corp. will post 1.49 EPS for the current year.

CVB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Wednesday, April 3rd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date was Tuesday, April 2nd. CVB Financial’s dividend payout ratio is presently 50.31%.

Insider Buying and Selling at CVB Financial

In related news, CFO E Allen Nicholson purchased 2,000 shares of CVB Financial stock in a transaction dated Thursday, February 1st. The stock was bought at an average cost of $16.77 per share, for a total transaction of $33,540.00. Following the transaction, the chief financial officer now owns 92,310 shares in the company, valued at $1,548,038.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director George A. Borba, Jr. purchased 59,601 shares of CVB Financial stock in a transaction dated Tuesday, February 6th. The stock was bought at an average cost of $16.78 per share, for a total transaction of $1,000,104.78. Following the transaction, the director now owns 626,311 shares in the company, valued at $10,509,498.58. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO E Allen Nicholson acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average price of $16.77 per share, with a total value of $33,540.00. Following the completion of the transaction, the chief financial officer now directly owns 92,310 shares in the company, valued at $1,548,038.70. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 63,601 shares of company stock valued at $1,067,145. 6.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods dropped their price objective on CVB Financial from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Friday, January 26th. Wedbush lowered their price target on CVB Financial from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, January 25th. Finally, StockNews.com raised CVB Financial to a “sell” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.67.

About CVB Financial

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. It offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers.