Eaton Vance Management maintained its position in shares of CVB Financial Corp. (NASDAQ:CVBF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,036 shares of the financial services provider’s stock at the end of the second quarter. Eaton Vance Management owned about 0.06% of CVB Financial Corp. worth $1,017,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of CVBF. Victory Capital Management Inc. increased its position in shares of CVB Financial Corp. by 77.2% in the second quarter. Victory Capital Management Inc. now owns 6,211 shares of the financial services provider’s stock worth $102,000 after buying an additional 2,706 shares during the period. BlackRock Inc. increased its position in shares of CVB Financial Corp. by 121.9% in the first quarter. BlackRock Inc. now owns 7,182 shares of the financial services provider’s stock worth $126,000 after buying an additional 3,945 shares during the period. Bank of Montreal Can purchased a new position in shares of CVB Financial Corp. during the second quarter worth approximately $123,000. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of CVB Financial Corp. during the second quarter worth approximately $137,000. Finally, Royal Bank of Canada increased its position in shares of CVB Financial Corp. by 404.1% in the first quarter. Royal Bank of Canada now owns 14,201 shares of the financial services provider’s stock worth $248,000 after buying an additional 11,384 shares during the period. 65.42% of the stock is currently owned by institutional investors.
CVB Financial Corp. (NASDAQ:CVBF) traded up 0.70% during midday trading on Tuesday, hitting $17.32. 135,944 shares of the stock were exchanged. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 17.69 and a beta of 1.57. The firm has a 50 day moving average of $17.27 and a 200-day moving average of $16.98. CVB Financial Corp. has a 12-month low of $14.02 and a 12-month high of $18.77.
CVB Financial Corp. (NASDAQ:CVBF) last posted its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.01. CVB Financial Corp. had a return on equity of 11.07% and a net margin of 34.99%. During the same period last year, the company posted $0.25 EPS. On average, equities analysts expect that CVB Financial Corp. will post $0.94 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Wednesday, October 5th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.48 annualized dividend and a yield of 2.79%. CVB Financial Corp.’s payout ratio is presently 48.98%.
A number of equities analysts have commented on the stock. DA Davidson reaffirmed a “hold” rating and set a $18.00 target price on shares of CVB Financial Corp. in a research note on Monday. Zacks Investment Research downgraded shares of CVB Financial Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 28th. Finally, Hovde Group assumed coverage on shares of CVB Financial Corp. in a research note on Wednesday, June 22nd. They set a “market perform” rating and a $17.00 target price on the stock. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $18.00.
In other CVB Financial Corp. news, CEO Christopher D. Myers sold 25,000 shares of CVB Financial Corp. stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David A. Brager sold 8,000 shares of CVB Financial Corp. stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $17.08, for a total value of $136,640.00. Following the transaction, the executive vice president now directly owns 25,113 shares in the company, valued at approximately $428,930.04. The disclosure for this sale can be found here. Company insiders own 7.80% of the company’s stock.
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.