iSAM Funds UK Ltd Makes New $886,000 Investment in CVB Financial Corporation $CVBF

iSAM Funds UK Ltd purchased a new stake in CVB Financial Corporation (NASDAQ:CVBF) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 39,300 shares of the financial services provider’s stock, valued at approximately $886,000.

Several other large investors also recently made changes to their positions in CVBF. ProShare Advisors LLC raised its holdings in shares of CVB Financial by 2.1% during the fourth quarter. ProShare Advisors LLC now owns 25,393 shares of the financial services provider’s stock worth $472,000 after acquiring an additional 521 shares during the period. CWM LLC boosted its stake in CVB Financial by 6.3% in the 4th quarter. CWM LLC now owns 10,445 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 620 shares during the period. Savant Capital LLC boosted its stake in CVB Financial by 6.1% in the 4th quarter. Savant Capital LLC now owns 11,342 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 653 shares during the period. EverSource Wealth Advisors LLC increased its holdings in CVB Financial by 40.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,407 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 695 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its holdings in CVB Financial by 1.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 67,931 shares of the financial services provider’s stock worth $1,264,000 after purchasing an additional 742 shares in the last quarter. Institutional investors own 74.18% of the company’s stock.

Insider Buying and Selling

In other CVB Financial news, COO David C. Harvey sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $22.94, for a total transaction of $917,600.00. Following the transaction, the chief operating officer owned 98,149 shares of the company’s stock, valued at $2,251,538.06. The trade was a 28.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mike Maddox purchased 10,000 shares of the stock in a transaction on Monday, August 31st. The shares were bought at an average cost of $22.03 per share, for a total transaction of $220,300.00. Following the transaction, the director directly owned 13,138 shares in the company, valued at approximately $289,430.14. The trade was a 318.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 6.40% of the stock is currently owned by corporate insiders.

CVB Financial Stock Up 1.9%

Shares of CVBF stock opened at $22.29 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.17. CVB Financial Corporation has a 1 year low of $17.94 and a 1 year high of $23.41. The firm’s fifty day moving average price is $22.62 and its two-hundred day moving average price is $20.96. The firm has a market capitalization of $3.92 billion, a P/E ratio of 15.37 and a beta of 0.64.

CVB Financial (NASDAQ:CVBF) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). CVB Financial had a return on equity of 9.21% and a net margin of 29.02%.The business had revenue of $179.43 million for the quarter, compared to the consensus estimate of $184.62 million. During the same period last year, the firm earned $0.36 earnings per share. On average, equities analysts predict that CVB Financial Corporation will post 1.72 EPS for the current fiscal year.

CVB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Thursday, July 9th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.6%. The ex-dividend date was Thursday, July 9th. CVB Financial’s dividend payout ratio is presently 55.17%.

Analyst Upgrades and Downgrades

CVBF has been the topic of several recent research reports. Wall Street Zen raised CVB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings raised CVB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. DA Davidson increased their price objective on CVB Financial from $22.50 to $25.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Stephens raised CVB Financial from an “equal weight” rating to an “overweight” rating and set a $27.00 target price on the stock in a research report on Thursday, August 6th. Finally, Piper Sandler boosted their target price on CVB Financial from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.25.

About CVB Financial

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.