Blue Trust Inc. Sells 2,375 Shares of CVB Financial Corp. (NASDAQ:CVBF)

Blue Trust Inc. trimmed its position in CVB Financial Corp. (NASDAQ:CVBF) by 45.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,815 shares of the financial services provider’s stock after selling 2,375 shares during the period. Blue Trust Inc.’s holdings in CVB Financial were worth $60,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CVBF. Allspring Global Investments Holdings LLC bought a new stake in shares of CVB Financial during the 3rd quarter worth $27,000. KBC Group NV increased its holdings in CVB Financial by 35.0% during the fourth quarter. KBC Group NV now owns 6,005 shares of the financial services provider’s stock worth $129,000 after buying an additional 1,556 shares during the last quarter. SG Americas Securities LLC bought a new stake in CVB Financial in the third quarter worth about $107,000. Crossmark Global Holdings Inc. purchased a new position in CVB Financial in the fourth quarter valued at about $206,000. Finally, Savant Capital LLC bought a new position in shares of CVB Financial during the 4th quarter valued at approximately $221,000. Hedge funds and other institutional investors own 74.18% of the company’s stock.

CVB Financial Price Performance

NASDAQ:CVBF opened at $19.64 on Tuesday. CVB Financial Corp. has a 1 year low of $15.71 and a 1 year high of $24.58. The stock’s fifty day moving average price is $20.83 and its two-hundred day moving average price is $20.08. The company has a market cap of $2.74 billion, a P/E ratio of 13.64 and a beta of 0.50.

CVB Financial (NASDAQ:CVBF) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. CVB Financial had a return on equity of 9.35% and a net margin of 29.32%. On average, analysts expect that CVB Financial Corp. will post 1.41 earnings per share for the current fiscal year.

CVB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.07%. CVB Financial’s dividend payout ratio (DPR) is currently 55.56%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CVBF. Stephens lowered their price target on shares of CVB Financial from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday, January 27th. Keefe, Bruyette & Woods boosted their target price on CVB Financial from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler cut their price target on CVB Financial from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.20.

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.