FJ Capital Management LLC acquired a new stake in CVB Financial Corporation (NASDAQ:CVBF – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 275,132 shares of the financial services provider’s stock, valued at approximately $5,117,000.
Other large investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC purchased a new position in CVB Financial during the 4th quarter valued at about $42,000. Larson Financial Group LLC lifted its holdings in shares of CVB Financial by 288.9% in the fourth quarter. Larson Financial Group LLC now owns 2,411 shares of the financial services provider’s stock worth $45,000 after buying an additional 1,791 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of CVB Financial by 26.8% in the third quarter. Smartleaf Asset Management LLC now owns 4,039 shares of the financial services provider’s stock worth $77,000 after buying an additional 854 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in shares of CVB Financial in the second quarter valued at approximately $103,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of CVB Financial in the fourth quarter valued at approximately $127,000. 74.18% of the stock is currently owned by institutional investors.
CVB Financial Trading Up 1.5%
CVB Financial stock opened at $21.23 on Friday. The stock has a 50-day moving average price of $20.31 and a 200 day moving average price of $19.90. CVB Financial Corporation has a 52 week low of $17.94 and a 52 week high of $21.48. The stock has a market cap of $3.75 billion, a PE ratio of 13.97 and a beta of 0.66. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.22.
CVB Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, April 1st. This represents a $0.80 dividend on an annualized basis and a yield of 3.8%. CVB Financial’s dividend payout ratio (DPR) is 52.63%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of CVB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 10th. Piper Sandler raised their price target on shares of CVB Financial from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.50.
Read Our Latest Research Report on CVB Financial
Insider Buying and Selling
In other CVB Financial news, Director George A. Borba, Jr. purchased 25,187 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average cost of $19.85 per share, for a total transaction of $499,961.95. Following the acquisition, the director owned 846,308 shares of the company’s stock, valued at approximately $16,799,213.80. The trade was a 3.07% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.40% of the company’s stock.
CVB Financial Company Profile
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.
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