Municipal Employees Retirement System of Michigan increased its position in CVB Financial Corporation (NASDAQ:CVBF) by 58.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,430 shares of the financial services provider’s stock after acquiring an additional 14,220 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in CVB Financial Corporation were worth $929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Rhumbline Advisers raised its stake in CVB Financial Corporation by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 231,194 shares of the financial services provider’s stock worth $5,186,000 after acquiring an additional 5,023 shares during the last quarter. Bank of New York Mellon Corp raised its stake in CVB Financial Corporation by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,356,634 shares of the financial services provider’s stock worth $52,860,000 after acquiring an additional 63,017 shares during the last quarter. Legal & General Group Plc raised its stake in CVB Financial Corporation by 10.4% in the 2nd quarter. Legal & General Group Plc now owns 195,932 shares of the financial services provider’s stock worth $4,395,000 after acquiring an additional 18,531 shares during the last quarter. Arizona State Retirement System raised its stake in CVB Financial Corporation by 1.7% in the 2nd quarter. Arizona State Retirement System now owns 53,436 shares of the financial services provider’s stock worth $1,199,000 after acquiring an additional 900 shares during the last quarter. Finally, Aperio Group LLC raised its stake in CVB Financial Corporation by 1.1% in the 2nd quarter. Aperio Group LLC now owns 28,853 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 328 shares during the last quarter. Institutional investors own 68.49% of the company’s stock.

A number of brokerages recently issued reports on CVBF. ValuEngine lowered CVB Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Zacks Investment Research upgraded CVB Financial Corporation from a “sell” rating to a “hold” rating and set a $27.00 target price for the company in a research note on Monday, October 23rd. Piper Jaffray Companies reiterated a “hold” rating on shares of CVB Financial Corporation in a research note on Friday, October 6th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $23.00 price objective on shares of CVB Financial Corporation in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $23.20.

CVB Financial Corporation (NASDAQ:CVBF) opened at $23.37 on Friday. The firm has a market capitalization of $2,591.99, a PE ratio of 22.63, a price-to-earnings-growth ratio of 2.32 and a beta of 1.52. CVB Financial Corporation has a 52 week low of $19.58 and a 52 week high of $25.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 0.69.

CVB Financial Corporation (NASDAQ:CVBF) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.27. The business had revenue of $81.78 million during the quarter, compared to analyst estimates of $81.78 million. CVB Financial Corporation had a return on equity of 10.89% and a net margin of 35.60%. During the same quarter last year, the business posted $0.23 EPS. equities research analysts expect that CVB Financial Corporation will post 1.07 earnings per share for the current fiscal year.

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About CVB Financial Corporation

CVB Financial Corp. (CVB) is the bank holding company for Citizens Business Bank (the Bank). The Bank operates through two segments: Business Financial and Commercial Banking Centers (Centers), and Other Operations. The Company’s administrative and other smaller operating departments are combined into the Other segment.

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

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