Xponance Inc. Takes $204,000 Position in CVB Financial Corp. (NASDAQ:CVBF)

Xponance Inc. purchased a new position in CVB Financial Corp. (NASDAQ:CVBF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,539 shares of the financial services provider’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hopwood Financial Services Inc. bought a new position in CVB Financial in the 4th quarter valued at about $53,000. Smartleaf Asset Management LLC boosted its position in shares of CVB Financial by 144.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,389 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 2,597 shares in the last quarter. KBC Group NV increased its stake in CVB Financial by 35.0% in the fourth quarter. KBC Group NV now owns 6,005 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 1,556 shares during the last quarter. Blue Trust Inc. raised its position in CVB Financial by 17.7% during the fourth quarter. Blue Trust Inc. now owns 6,108 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 918 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new stake in CVB Financial during the fourth quarter worth $201,000. Institutional investors and hedge funds own 74.18% of the company’s stock.

CVB Financial Stock Performance

Shares of CVBF opened at $18.46 on Friday. CVB Financial Corp. has a 52 week low of $15.71 and a 52 week high of $24.58. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 12.82 and a beta of 0.46. The stock has a fifty day moving average of $19.85 and a 200-day moving average of $20.34.

CVB Financial (NASDAQ:CVBF) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. CVB Financial had a return on equity of 9.35% and a net margin of 29.32%. As a group, equities analysts forecast that CVB Financial Corp. will post 1.41 EPS for the current year.

CVB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $0.80 annualized dividend and a yield of 4.33%. CVB Financial’s dividend payout ratio is presently 55.56%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CVBF shares. Keefe, Bruyette & Woods lifted their price target on CVB Financial from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Stephens lowered their target price on CVB Financial from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.20.

About CVB Financial

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.