Amalgamated Bank Has $691,000 Stock Holdings in CVB Financial Corp. (NASDAQ:CVBF)

Amalgamated Bank lessened its position in CVB Financial Corp. (NASDAQ:CVBF) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,750 shares of the financial services provider’s stock after selling 1,800 shares during the quarter. Amalgamated Bank’s holdings in CVB Financial were worth $691,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CVBF. Allspring Global Investments Holdings LLC acquired a new stake in CVB Financial in the 3rd quarter valued at approximately $27,000. nVerses Capital LLC increased its position in shares of CVB Financial by 466.7% during the 2nd quarter. nVerses Capital LLC now owns 1,700 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,400 shares during the last quarter. Versant Capital Management Inc increased its position in shares of CVB Financial by 832.8% during the 2nd quarter. Versant Capital Management Inc now owns 1,763 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 1,574 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of CVB Financial during the 2nd quarter worth approximately $38,000. Finally, GAMMA Investing LLC increased its position in shares of CVB Financial by 21.7% during the 3rd quarter. GAMMA Investing LLC now owns 4,367 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 780 shares during the last quarter. Institutional investors and hedge funds own 74.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CVBF. Piper Sandler lowered their price target on CVB Financial from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Wedbush reaffirmed a “neutral” rating and set a $20.00 price target on shares of CVB Financial in a research report on Thursday, October 24th. Stephens boosted their price target on CVB Financial from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods raised CVB Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $20.00 to $22.00 in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CVB Financial has a consensus rating of “Hold” and a consensus target price of $20.80.

CVB Financial Trading Down 0.4 %

CVBF stock opened at $22.52 on Friday. The firm has a market capitalization of $3.15 billion, a PE ratio of 15.62 and a beta of 0.44. CVB Financial Corp. has a 1-year low of $15.71 and a 1-year high of $23.43. The business’s 50 day simple moving average is $18.99 and its 200 day simple moving average is $17.89.

CVB Financial (NASDAQ:CVBF) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The business had revenue of $126.45 million for the quarter, compared to analyst estimates of $126.75 million. CVB Financial had a return on equity of 9.80% and a net margin of 28.29%. The firm’s revenue was down 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS. As a group, sell-side analysts predict that CVB Financial Corp. will post 1.43 EPS for the current fiscal year.

CVB Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 annualized dividend and a yield of 3.55%. CVB Financial’s dividend payout ratio (DPR) is presently 55.94%.

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.