Clifford Capital Partners LLC Sells 474,921 Shares of CVB Financial Corporation $CVBF

Clifford Capital Partners LLC trimmed its holdings in shares of CVB Financial Corporation (NASDAQ:CVBF) by 71.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 190,364 shares of the financial services provider’s stock after selling 474,921 shares during the period. Clifford Capital Partners LLC owned approximately 0.14% of CVB Financial worth $3,541,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in shares of CVB Financial by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,281,980 shares of the financial services provider’s stock worth $135,447,000 after buying an additional 171,971 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of CVB Financial by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,488,821 shares of the financial services provider’s stock worth $102,092,000 after purchasing an additional 67,563 shares in the last quarter. HoldCo Asset Management LP lifted its holdings in shares of CVB Financial by 17,051.0% in the 4th quarter. HoldCo Asset Management LP now owns 2,223,972 shares of the financial services provider’s stock worth $41,366,000 after purchasing an additional 2,211,005 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of CVB Financial by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 2,031,381 shares of the financial services provider’s stock worth $37,784,000 after purchasing an additional 74,914 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of CVB Financial by 2.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,739,743 shares of the financial services provider’s stock worth $32,359,000 after purchasing an additional 39,771 shares in the last quarter. 74.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Weiss Ratings upgraded CVB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 10th. Stephens reiterated an “equal weight” rating and issued a $23.00 target price on shares of CVB Financial in a report on Tuesday. Finally, Piper Sandler increased their target price on CVB Financial from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, CVB Financial presently has an average rating of “Moderate Buy” and a consensus target price of $24.13.

CVB Financial Price Performance

Shares of CVBF opened at $20.57 on Thursday. CVB Financial Corporation has a 12-month low of $17.94 and a 12-month high of $21.63. The business’s fifty day moving average is $20.38 and its 200 day moving average is $19.92. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.22. The stock has a market cap of $3.63 billion, a P/E ratio of 13.53 and a beta of 0.66.

CVB Financial (NASDAQ:CVBF) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. CVB Financial had a return on equity of 9.16% and a net margin of 32.05%.The company had revenue of $132.12 million for the quarter, compared to analysts’ expectations of $162.29 million. During the same period last year, the business earned $0.36 EPS. Sell-side analysts anticipate that CVB Financial Corporation will post 1.56 earnings per share for the current fiscal year.

Insider Activity at CVB Financial

In other news, Director George A. Borba, Jr. bought 25,187 shares of the stock in a transaction dated Tuesday, May 19th. The stock was bought at an average price of $19.85 per share, for a total transaction of $499,961.95. Following the completion of the acquisition, the director directly owned 846,308 shares in the company, valued at approximately $16,799,213.80. This trade represents a 3.07% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.40% of the stock is currently owned by corporate insiders.

CVB Financial Company Profile

CVB Financial Corp is the bank holding company for Citizens Business Bank, a California-based commercial bank whose operations trace back to 1974. Headquartered in Ontario, California, the company provides a broad range of banking and financial services through its community-focused branch network. As a publicly traded company on the NASDAQ under the symbol CVBF, CVB Financial oversees strategic planning, corporate governance and long-term growth initiatives for its subsidiary.

The company’s core business activities include commercial lending, real estate financing, equipment leasing and Small Business Administration (SBA) loan programs.