CVB Financial Corporation $CVBF Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of CVB Financial Corporation (NASDAQ:CVBF) by 12.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 349,965 shares of the financial services provider’s stock after acquiring an additional 39,652 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in CVB Financial were worth $7,892,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CVBF. ProShare Advisors LLC raised its holdings in CVB Financial by 2.1% during the fourth quarter. ProShare Advisors LLC now owns 25,393 shares of the financial services provider’s stock worth $472,000 after purchasing an additional 521 shares in the last quarter. Savant Capital LLC boosted its holdings in CVB Financial by 6.1% in the 4th quarter. Savant Capital LLC now owns 11,342 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 653 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in CVB Financial by 40.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,407 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 695 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of CVB Financial by 1.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 67,931 shares of the financial services provider’s stock worth $1,264,000 after buying an additional 742 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in shares of CVB Financial by 7.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 10,750 shares of the financial services provider’s stock worth $208,000 after buying an additional 750 shares in the last quarter. 74.18% of the stock is owned by institutional investors and hedge funds.

CVB Financial Price Performance

Shares of NASDAQ:CVBF opened at $22.62 on Tuesday. The business’s 50 day simple moving average is $22.63 and its 200-day simple moving average is $21.00. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 15.60 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.77 and a quick ratio of 0.77. CVB Financial Corporation has a 12 month low of $17.94 and a 12 month high of $23.41.

CVB Financial (NASDAQ:CVBF) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). CVB Financial had a return on equity of 9.21% and a net margin of 29.02%.The firm had revenue of $179.43 million during the quarter, compared to analyst estimates of $184.62 million. During the same quarter in the prior year, the company earned $0.36 EPS. As a group, equities analysts forecast that CVB Financial Corporation will post 1.72 earnings per share for the current fiscal year.

CVB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 9th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.80 annualized dividend and a yield of 3.5%. CVB Financial’s dividend payout ratio is 55.17%.

Analyst Ratings Changes

CVBF has been the topic of a number of analyst reports. Raymond James Financial upgraded CVB Financial from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a research note on Wednesday, July 1st. DA Davidson raised their target price on CVB Financial from $22.50 to $25.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Weiss Ratings upgraded shares of CVB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Stephens upgraded shares of CVB Financial from an “equal weight” rating to an “overweight” rating and set a $27.00 target price on the stock in a research report on Thursday, August 6th. Finally, Wall Street Zen raised shares of CVB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.25.

Insider Buying and Selling at CVB Financial

In other news, COO David Harvey sold 40,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $22.94, for a total value of $917,600.00. Following the completion of the transaction, the chief operating officer owned 98,149 shares in the company, valued at $2,251,538.06. This trade represents a 28.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mike Maddox purchased 10,000 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was purchased at an average price of $22.03 per share, with a total value of $220,300.00. Following the transaction, the director owned 13,138 shares of the company’s stock, valued at approximately $289,430.14. This represents a 318.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 6.40% of the stock is owned by corporate insiders.

About CVB Financial

CVB Financial Corp is the bank holding company for Citizens Business Bank, a California-based commercial bank whose operations trace back to 1974. Headquartered in Ontario, California, the company provides a broad range of banking and financial services through its community-focused branch network. As a publicly traded company on the NASDAQ under the symbol CVBF, CVB Financial oversees strategic planning, corporate governance and long-term growth initiatives for its subsidiary.

The company’s core business activities include commercial lending, real estate financing, equipment leasing and Small Business Administration (SBA) loan programs.