CVB Financial Corporation (NASDAQ:CVBF) Shares Sold by Capstone Asset Management Co.

Capstone Asset Management Co. decreased its stake in CVB Financial Corporation (NASDAQ:CVBF) by 10.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,670 shares of the financial services provider’s stock after selling 1,880 shares during the period. Capstone Asset Management Co.’s holdings in CVB Financial Corporation were worth $351,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of CVB Financial Corporation by 48,056.5% in the first quarter. BlackRock Inc. now owns 12,385,851 shares of the financial services provider’s stock valued at $273,605,000 after buying an additional 12,360,131 shares during the period. Vanguard Group Inc. increased its position in shares of CVB Financial Corporation by 5.6% in the first quarter. Vanguard Group Inc. now owns 9,405,499 shares of the financial services provider’s stock valued at $207,768,000 after buying an additional 498,140 shares during the period. FMR LLC increased its position in shares of CVB Financial Corporation by 0.6% in the first quarter. FMR LLC now owns 7,865,043 shares of the financial services provider’s stock valued at $173,739,000 after buying an additional 43,133 shares during the period. State Street Corp increased its position in shares of CVB Financial Corporation by 17.8% in the first quarter. State Street Corp now owns 3,870,952 shares of the financial services provider’s stock valued at $85,508,000 after buying an additional 586,205 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of CVB Financial Corporation by 8.8% in the first quarter. Geode Capital Management LLC now owns 817,484 shares of the financial services provider’s stock valued at $18,058,000 after buying an additional 65,839 shares during the period. Hedge funds and other institutional investors own 67.79% of the company’s stock.

Shares of CVB Financial Corporation (NASDAQ CVBF) traded down 1.65% during mid-day trading on Thursday, reaching $20.92. The company’s stock had a trading volume of 40,479 shares. The company’s 50-day moving average is $21.95 and its 200-day moving average is $22.03. CVB Financial Corporation has a 52 week low of $16.19 and a 52 week high of $24.63. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 20.80 and a beta of 1.51.

CVB Financial Corporation (NASDAQ:CVBF) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $81.26 million for the quarter, compared to analyst estimates 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 quarter last year, the company posted $0.23 earnings per share. Equities analysts predict that CVB Financial Corporation will post $1.06 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Thursday, July 6th were issued a dividend of $0.14 per share. This is a positive change from CVB Financial Corporation’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, July 3rd. This represents a $0.56 annualized dividend and a dividend yield of 2.63%. CVB Financial Corporation’s dividend payout ratio (DPR) is presently 56.00%.

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CVBF has been the topic of several research analyst reports. Zacks Investment Research downgraded CVB Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub downgraded CVB Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Hovde Group raised CVB Financial Corporation from an “underperform” rating to a “market perform” rating and set a $21.00 price target for the company in a research report on Friday, May 19th. Piper Jaffray Companies lowered their price target on CVB Financial Corporation from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, April 17th. Finally, Keefe, Bruyette & Woods set a $23.00 price target on CVB Financial Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. CVB Financial Corporation currently has an average rating of “Hold” and a consensus price target of $21.50.

In other news, Director Anna Kan acquired 4,660 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were bought at an average price of $21.50 per share, with a total value of $100,190.00. Following the completion of the acquisition, the director now owns 17,660 shares in the company, valued at approximately $379,690. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 7.80% of the company’s stock.

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.

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

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