CVB Financial Corporation $CVBF Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in CVB Financial Corporation (NASDAQ:CVBF) by 44.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 35,036 shares of the financial services provider’s stock after selling 27,873 shares during the period. State of Alaska Department of Revenue’s holdings in CVB Financial were worth $757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CVBF. BlackRock Inc. purchased a new position in CVB Financial in the 2nd quarter worth $579,285,000. Dimensional Fund Advisors LP grew its stake in CVB Financial by 4.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,613,287 shares of the financial services provider’s stock valued at $147,620,000 after purchasing an additional 331,307 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in CVB Financial during the 2nd quarter valued at about $38,066,000. Bessemer Group Inc. grew its stake in CVB Financial by 34.1% during the 1st quarter. Bessemer Group Inc. now owns 1,466,670 shares of the financial services provider’s stock valued at $28,439,000 after purchasing an additional 372,732 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of CVB Financial in the second quarter valued at about $29,928,000. Hedge funds and other institutional investors own 74.18% of the company’s stock.

CVB Financial Trading Up 3.6%

NASDAQ CVBF opened at $23.05 on Friday. The company has a market capitalization of $4.06 billion, a PE ratio of 13.40 and a beta of 0.66. The company has a fifty day moving average of $22.27 and a 200 day moving average of $21.65. CVB Financial Corporation has a 1 year low of $18.01 and a 1 year high of $23.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.77 and a quick ratio of 0.77.

CVB Financial (NASDAQ:CVBF) last announced its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). The company had revenue of $191.74 million for the quarter, compared to analyst estimates of $192.80 million. CVB Financial had a return on equity of 9.91% and a net margin of 29.54%. During the same period in the prior year, the business posted $0.38 earnings per share. Research analysts forecast that CVB Financial Corporation will post 1.74 earnings per share for the current year.

CVB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, September 30th. CVB Financial’s payout ratio is 55.17%.

Analyst Ratings Changes

CVBF has been the subject of several research analyst reports. Stephens upgraded CVB Financial from an “equal weight” rating to an “overweight” rating and set a $27.00 price objective for the company in a research note on Thursday, August 6th. Wall Street Zen raised CVB Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. DA Davidson upped their target price on CVB Financial from $22.50 to $25.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Raymond James Financial upgraded shares of CVB Financial from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a report on Wednesday, July 1st. Finally, Piper Sandler raised their price target on shares of CVB Financial from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.25.

Key Headlines Impacting CVB Financial

Here are the key news stories impacting CVB Financial this week:

• Positive Sentiment: CVBF reported third-quarter net income of $78.1 million, or $0.44 per diluted share, up from $48.3 million in the prior quarter and $52.6 million a year earlier. Net interest income increased to $179.1 million, while the net interest margin expanded 17 basis points sequentially to 3.89%. CVB Financial Reports Third-Quarter 2026 Net Income
• Positive Sentiment: Management’s outlook calls for approximately 13% EPS growth by 2027, supported by a full quarter of anticipated benefits from the Heritage integration. This provides investors with a forward earnings-growth catalyst beyond the current quarter. CVB Financial Targets 13% EPS Growth by 2027
• Positive Sentiment: CVB Financial repurchased $17.5 million of common stock during the quarter. Loans totaled $12.12 billion and deposits were $15.73 billion, indicating a substantial operating base following the Heritage transaction. CVB Financial Reports Third-Quarter 2026 Earnings
• Neutral Sentiment: Revenue was approximately $195.6 million, broadly in line with expectations. Management also reported a 1.48% return on average assets and 16.22% return on average tangible common equity. CVB Financial’s Q3 2026 Sales Beat Estimates
• Negative Sentiment: EPS of $0.44 was slightly below the $0.45 consensus estimate. Noninterest expense included $8.1 million in Heritage-related merger costs, and the company disclosed third-quarter charge-offs, leaving credit quality and integration expenses as risks to monitor. CVB Financial Lags Third-Quarter Earnings Estimates

Insider Transactions at CVB Financial

In related news, Director Mike Maddox bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were purchased at an average cost of $22.03 per share, with a total value of $220,300.00. Following the completion of the acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO David Harvey sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $22.94, for a total value of $917,600.00. Following the sale, the chief operating officer directly owned 98,149 shares in the company, valued at approximately $2,251,538.06. This trade represents a 28.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 6.40% of the company’s stock.

About CVB Financial

CVB Financial Corp. is a bank holding company headquartered in Ontario, California. Its principal subsidiary, Citizens Business Bank, provides banking and financial services to businesses, professionals, and individuals, with a focus on relationship-based commercial banking.

Citizens Business Bank offers business checking and savings accounts, commercial and real estate loans, lines of credit, equipment financing, treasury management, cash management, and international banking services.