32,659 Shares in CVB Financial Corp. (NASDAQ:CVBF) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in shares of CVB Financial Corp. (NASDAQ:CVBF) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 32,659 shares of the financial services provider’s stock, valued at approximately $699,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV boosted its stake in CVB Financial by 35.0% during the 4th quarter. KBC Group NV now owns 6,005 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 1,556 shares in the last quarter. Blue Trust Inc. boosted its stake in CVB Financial by 17.7% during the 4th 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. Crossmark Global Holdings Inc. bought a new position in CVB Financial during the 4th quarter valued at $206,000. LMR Partners LLP bought a new position in CVB Financial during the 3rd quarter valued at $215,000. Finally, Savant Capital LLC bought a new position in CVB Financial during the 4th quarter valued at $221,000. 74.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CVBF shares. Stephens decreased their price target 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. Keefe, Bruyette & Woods increased their price objective on CVB Financial from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.20.

CVB Financial Stock Performance

Shares of NASDAQ:CVBF opened at $19.44 on Monday. CVB Financial Corp. has a one year low of $15.71 and a one year high of $24.58. The stock has a fifty day moving average of $20.44 and a 200-day moving average of $20.27. The company has a market capitalization of $2.71 billion, a PE ratio of 13.50 and a beta of 0.46.

CVB Financial (NASDAQ:CVBF) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, beating 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%. As a group, research analysts forecast that CVB Financial Corp. will post 1.41 EPS for the current fiscal year.

CVB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.20 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.12%. CVB Financial’s payout ratio is currently 55.56%.

CVB Financial Company 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.