2 weeks Ago By Defense World Staff
Bank of Montreal Can boosted its holdings in shares of CVB Financial Corp. (NASDAQ:CVBF – Free Report) by 10.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 20,445 shares of the financial services provider’s stock after buying an additional 1,942 shares during the quarter. Bank of Montreal Can’s holdings in CVB Financial were worth $438,000 as of its most recent SEC filing. A number of other hedge funds also recently bought and sold shares of the stock.
Massachusetts Financial Services Co. MA acquired a new position in shares of CVB Financial during the fourth quarter worth $31,064,000. Norges Bank acquired a new position in CVB Financial in the fourth quarter valued at $27,724,000.
Victory Capital Management Inc. increased its holdings in shares of CVB Financial by 210.7% in the fourth quarter.
Victory Capital Management Inc. now owns 1,487,997 shares of the financial services provider’s stock valued at $31,858,000 after purchasing an additional 1,009,146 shares during the period. Wellington Management Group LLP increased its stake in shares of CVB Financial by 99.
6% during the fourth quarter. Wellington Management Group LLP now owns 969,415 shares of the financial services provider’s stock worth $20,755,000 after acquiring an additional 483,844 shares during the period. Finally, Raymond James Financial Inc.
purchased a new stake in shares of CVB Financial in the fourth quarter valued at approximately $9,483,000. Institutional investors and hedge funds own 74.18% of the company’s stock.
CVB Financial Stock PerformanceCVBF stock opened at $18.41 on Wednesday. CVB Financial Corp.
has a one year low of $15.75 and a one year high of $24.58.
The stock has a market capitalization of $2.56 billion, a P/E ratio of 12.78 and a beta of 0.
62. The company has a 50 day moving average price of $18.60 and a two-hundred day moving average price of $20.
27. CVB Financial (NASDAQ:CVBF – Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.
36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02.
CVB Financial had a net margin of 29.32% and a return on equity of 9.35%.
Research analysts forecast that CVB Financial Corp. will post 1.41 earnings per share for the current fiscal year.
CVB Financial Announces DividendThe business also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Wednesday, April 2nd were issued a dividend of $0.20 per share.
The ex-dividend date was Wednesday, April 2nd. This represents a $0.80 annualized dividend and a dividend yield of 4.
35%. CVB Financial’s payout ratio is currently 55.56%.
Wall Street Analysts Forecast GrowthSeparately, Stephens dropped their price objective on CVB Financial from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Monday, January 27th.
Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.25.
Read Our Latest Research Report on CVB FinancialCVB Financial Company Profile (Free Report)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.
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