Ausdal Financial Partners Inc. held its stake in CVB Financial Corp. (NASDAQ:CVBF) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 11,366 shares of the financial services provider’s stock at the end of the second quarter. Ausdal Financial Partners Inc.’s holdings in CVB Financial Corp. were worth $186,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. raised its stake in CVB Financial Corp. by 1.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,583,867 shares of the financial services provider’s stock valued at $45,088,000 after buying an additional 47,590 shares in the last quarter. UBS Group AG raised its stake in CVB Financial Corp. by 13.8% in the first quarter. UBS Group AG now owns 87,225 shares of the financial services provider’s stock valued at $1,522,000 after buying an additional 10,556 shares in the last quarter. BlackRock Inc. raised its stake in CVB Financial Corp. by 121.9% in the first quarter. BlackRock Inc. now owns 7,182 shares of the financial services provider’s stock valued at $126,000 after buying an additional 3,945 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in CVB Financial Corp. during the second quarter valued at approximately $137,000. Finally, Prudential Financial Inc. raised its stake in CVB Financial Corp. by 3.3% in the first quarter. Prudential Financial Inc. now owns 237,773 shares of the financial services provider’s stock valued at $4,149,000 after buying an additional 7,500 shares in the last quarter. Hedge funds and other institutional investors own 65.43% of the company’s stock.
CVB Financial Corp. (NASDAQ:CVBF) traded up 0.730% during trading on Friday, hitting $17.255. 106,264 shares of the stock traded hands. CVB Financial Corp. has a 52-week low of $14.02 and a 52-week high of $18.77. The stock has a market cap of $1.86 billion, a P/E ratio of 17.625 and a beta of 1.56. The company’s 50 day moving average price is $17.44 and its 200-day moving average price is $17.03.
CVB Financial Corp. (NASDAQ:CVBF) last released its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by $0.01. CVB Financial Corp. had a net margin of 34.99% and a return on equity of 11.07%. During the same quarter in the previous year, the company posted $0.25 earnings per share. Equities research analysts forecast that CVB Financial Corp. will post $0.94 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Wednesday, October 5th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.48 annualized dividend and a yield of 2.80%. CVB Financial Corp.’s dividend payout ratio (DPR) is 48.98%.
CVBF has been the topic of several research analyst reports. DA Davidson reiterated a “hold” rating and issued a $18.00 target price on shares of CVB Financial Corp. in a research report on Monday, September 26th. Zacks Investment Research upgraded shares of CVB Financial Corp. from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, October 4th. Keefe, Bruyette & Woods lifted their target price on shares of CVB Financial Corp. from $17.00 to $18.00 and gave the company a “market perform” rating in a research report on Tuesday, September 27th. Finally, Hovde Group initiated coverage on shares of CVB Financial Corp. in a research report on Wednesday, June 22nd. They issued a “market perform” rating and a $17.00 target price on the stock. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $18.25.
In other CVB Financial Corp. news, EVP David A. Brager sold 8,000 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $17.08, for a total transaction of $136,640.00. Following the completion of the transaction, the executive vice president now owns 25,113 shares in the company, valued at approximately $428,930.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher D. Myers sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $17.00, for a total transaction of $425,000.00. Following the transaction, the chief executive officer now owns 355,052 shares of the company’s stock, valued at approximately $6,035,884. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by corporate insiders.
About CVB Financial Corp.
CVB Financial Corp. is the bank holding company for Citizens Business Bank (the Bank). The Bank’s segments include Business Financial and Commercial Banking Centers (Centers), Treasury and Others. The Company’s all administrative and other smaller operating departments are combined into the Other segment.
Want to see what other hedge funds are holding CVBF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CVB Financial Corp. (NASDAQ:CVBF).
Receive News & Ratings for CVB Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVB Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.