Dimensional Fund Advisors LP Sells 35,963 Shares of CVB Financial Corporation (CVBF)

Dimensional Fund Advisors LP decreased its position in shares of CVB Financial Corporation (NASDAQ:CVBF) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,199,901 shares of the financial services provider’s stock after selling 35,963 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.91% of CVB Financial Corporation worth $71,775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of CVB Financial Corporation by 48,056.5% during the 1st quarter. BlackRock Inc. now owns 12,385,851 shares of the financial services provider’s stock valued at $273,605,000 after acquiring an additional 12,360,131 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of CVB Financial Corporation by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 9,771,495 shares of the financial services provider’s stock valued at $219,175,000 after acquiring an additional 365,996 shares during the last quarter. FMR LLC boosted its position in shares of CVB Financial Corporation by 0.6% during the 1st quarter. FMR LLC now owns 7,865,043 shares of the financial services provider’s stock valued at $173,739,000 after acquiring an additional 43,133 shares during the last quarter. State Street Corp boosted its position in shares of CVB Financial Corporation by 17.8% during the 1st quarter. State Street Corp now owns 3,870,952 shares of the financial services provider’s stock valued at $85,508,000 after acquiring an additional 586,205 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of CVB Financial Corporation by 3.3% during the 2nd quarter. Northern Trust Corp now owns 2,361,525 shares of the financial services provider’s stock valued at $52,969,000 after acquiring an additional 76,345 shares during the last quarter. 67.33% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Anna Kan bought 4,660 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of $21.50 per share, for a total transaction of $100,190.00. Following the acquisition, the director now owns 17,660 shares in the company, valued at approximately $379,690. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 7.00% of the company’s stock.

Several research analysts have recently weighed in on CVBF shares. Zacks Investment Research cut shares of CVB Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. BidaskClub raised shares of CVB Financial Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Piper Jaffray Companies reissued a “hold” rating on shares of CVB Financial Corporation in a research report on Friday, October 6th. Keefe, Bruyette & Woods set a $23.00 price target on shares of CVB Financial Corporation and gave the company a “hold” rating in a research report on Tuesday, July 4th. Finally, Wedbush reissued a “neutral” rating and set a $22.00 price target on shares of CVB Financial Corporation in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $22.60.

CVB Financial Corporation (CVBF) opened at 23.84 on Wednesday. CVB Financial Corporation has a 52-week low of $16.32 and a 52-week high of $25.25. The firm has a 50-day moving average of $21.89 and a 200-day moving average of $21.60. The firm has a market cap of $2.63 billion, a PE ratio of 23.70 and a beta of 1.57.

CVB Financial Corporation (NASDAQ:CVBF) last announced its earnings results on Wednesday, July 19th. The financial services provider reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The business had revenue of $81.26 million for the quarter, compared to the consensus estimate of $80.10 million. CVB Financial Corporation had a return on equity of 10.67% and a net margin of 35.33%. During the same period last year, the business posted $0.23 EPS. Equities analysts anticipate that CVB Financial Corporation will post $1.06 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Wednesday, October 4th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.56 annualized dividend and a dividend yield of 2.35%. CVB Financial Corporation’s payout ratio is currently 56.00%.

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CVB Financial Corporation Company Profile

CVB Financial Corp. (CVB) is the bank holding company for Citizens Business Bank (the Bank). The Bank operates through two segments: Business Financial and Commercial Banking Centers (Centers), and Other Operations. The Company’s administrative and other smaller operating departments are combined into the Other segment.

Institutional Ownership by Quarter for CVB Financial Corporation (NASDAQ:CVBF)

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