Diversified Trust Co Buys 2,394 Shares of CVB Financial Corp. (NASDAQ:CVBF)

Diversified Trust Co increased its stake in CVB Financial Corp. (NASDAQ:CVBF) by 6.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,480 shares of the financial services provider’s stock after purchasing an additional 2,394 shares during the period. Diversified Trust Co’s holdings in CVB Financial were worth $704,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CVBF. Raymond James & Associates raised its position in shares of CVB Financial by 2.5% during the fourth quarter. Raymond James & Associates now owns 35,598 shares of the financial services provider’s stock worth $719,000 after acquiring an additional 854 shares during the last quarter. Equitable Trust Co. raised its holdings in CVB Financial by 6.5% during the 4th quarter. Equitable Trust Co. now owns 27,779 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 1,705 shares during the last quarter. Strs Ohio bought a new stake in CVB Financial during the 4th quarter worth about $36,000. Natixis Advisors L.P. boosted its stake in shares of CVB Financial by 10.1% in the 3rd quarter. Natixis Advisors L.P. now owns 20,727 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 1,905 shares during the last quarter. Finally, GSA Capital Partners LLP grew its position in shares of CVB Financial by 3.3% during the 3rd quarter. GSA Capital Partners LLP now owns 96,122 shares of the financial services provider’s stock worth $1,593,000 after buying an additional 3,112 shares during the period. Institutional investors and hedge funds own 74.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CVBF shares. Hovde Group lowered shares of CVB Financial from an “outperform” rating to a “market perform” rating and set a $18.00 price objective on the stock. in a report on Monday, April 22nd. Wedbush reiterated a “neutral” rating and issued a $19.00 price objective on shares of CVB Financial in a report on Thursday, April 25th. Keefe, Bruyette & Woods reduced their target price on CVB Financial from $20.00 to $19.00 and set a “market perform” rating on the stock in a report on Friday, April 26th. Stephens reaffirmed an “equal weight” rating and issued a $20.00 price target on shares of CVB Financial in a research note on Thursday, April 25th. Finally, Janney Montgomery Scott cut shares of CVB Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $19.00.

Insider Buying and Selling

In related news, Director George A. Borba, Jr. purchased 4,610 shares of the stock in a transaction on Monday, June 17th. The shares were purchased at an average price of $16.00 per share, with a total value of $73,760.00. Following the transaction, the director now directly owns 665,121 shares of the company’s stock, valued at $10,641,936. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director George A. Borba, Jr. acquired 4,610 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was bought at an average price of $16.00 per share, with a total value of $73,760.00. Following the transaction, the director now directly owns 665,121 shares in the company, valued at approximately $10,641,936. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director George A. Borba, Jr. bought 34,200 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was purchased at an average cost of $15.99 per share, for a total transaction of $546,858.00. Following the completion of the acquisition, the director now owns 660,511 shares in the company, valued at approximately $10,561,570.89. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 39,910 shares of company stock worth $638,669. Corporate insiders own 6.00% of the company’s stock.

CVB Financial Trading Up 0.6 %

Shares of NASDAQ CVBF opened at $17.16 on Wednesday. The company has a fifty day moving average price of $16.69 and a 200 day moving average price of $17.45. The firm has a market cap of $2.40 billion, a PE ratio of 11.29 and a beta of 0.47. CVB Financial Corp. has a 1-year low of $12.89 and a 1-year high of $21.77.

CVB Financial (NASDAQ:CVBF) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. CVB Financial had a return on equity of 10.84% and a net margin of 30.93%. The firm had revenue of $126.57 million during the quarter, compared to the consensus estimate of $127.46 million. During the same quarter in the prior year, the firm posted $0.42 EPS. The business’s revenue was down 8.9% on a year-over-year basis. Equities research analysts forecast that CVB Financial Corp. will post 1.41 EPS for the current year.

CVB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.80 annualized dividend and a yield of 4.66%. CVB Financial’s payout ratio is currently 52.63%.

CVB Financial Profile

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. It offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers.