Teachers Retirement System of The State of Kentucky cut its stake in shares of CVB Financial Corp. (NASDAQ:CVBF) by 5.1% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 37,300 shares of the financial services provider’s stock after selling 2,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in CVB Financial Corp. were worth $855,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of CVB Financial Corp. by 14.0% in the fourth quarter. FMR LLC now owns 7,821,910 shares of the financial services provider’s stock worth $179,357,000 after buying an additional 960,800 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of CVB Financial Corp. by 12.2% in the third quarter. Neuberger Berman Group LLC now owns 7,696,179 shares of the financial services provider’s stock worth $135,530,000 after buying an additional 839,828 shares during the last quarter. State Street Corp boosted its position in shares of CVB Financial Corp. by 28.0% in the fourth quarter. State Street Corp now owns 3,284,747 shares of the financial services provider’s stock worth $75,318,000 after buying an additional 718,896 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of CVB Financial Corp. by 9.0% in the third quarter. BlackRock Fund Advisors now owns 6,998,417 shares of the financial services provider’s stock worth $123,242,000 after buying an additional 580,426 shares during the last quarter. Finally, Tiverton Asset Management LLC boosted its position in shares of CVB Financial Corp. by 88.8% in the third quarter. Tiverton Asset Management LLC now owns 360,912 shares of the financial services provider’s stock worth $6,356,000 after buying an additional 169,702 shares during the last quarter. 66.76% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for CVB Financial Corp. (NASDAQ:CVBF)

Shares of CVB Financial Corp. (NASDAQ:CVBF) opened at 23.18 on Tuesday. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 24.66 and a beta of 1.47. CVB Financial Corp. has a 52-week low of $15.25 and a 52-week high of $24.63. The company’s 50-day moving average price is $23.22 and its 200-day moving average price is $20.62.

CVB Financial Corp. (NASDAQ:CVBF) last posted its quarterly earnings results on Wednesday, January 18th. The financial services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. CVB Financial Corp. had a return on equity of 10.25% and a net margin of 33.74%. During the same quarter in the previous year, the company earned $0.27 earnings per share. Equities research analysts forecast that CVB Financial Corp. will post $1.02 EPS for the current fiscal year.

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A number of equities analysts have recently issued reports on the company. Zacks Investment Research cut CVB Financial Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, January 24th. Hovde Group cut CVB Financial Corp. from a “market perform” rating to an “underperform” rating and set a $19.00 target price for the company. in a report on Monday, November 21st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. CVB Financial Corp. has an average rating of “Hold” and an average target price of $18.50.

In other news, Director Guercio Stephen A. Del sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $23.48, for a total transaction of $70,440.00. Following the completion of the sale, the director now owns 19,000 shares in the company, valued at $446,120. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Christopher D. Myers sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 24th. The stock was sold at an average price of $23.21, for a total value of $580,250.00. Following the sale, the chief executive officer now owns 368,694 shares of the company’s stock, valued at approximately $8,557,387.74. The disclosure for this sale can be found here. Insiders have sold 53,000 shares of company stock valued at $1,229,690 in the last quarter. 7.80% of the stock is currently owned by corporate insiders.

About CVB Financial Corp.

CVB Financial Corp. is the bank holding company for Citizens Business Bank (the Bank). The Bank’s segments include Business Financial and Commercial Banking Centers (Centers), Treasury and Others. The Company’s all administrative and other smaller operating departments are combined into the Other segment.

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