Karp Capital Management Corp bought a new stake in CVB Financial Corporation (NASDAQ:CVBF) during the first quarter, Holdings Channel reports. The institutional investor bought 28,525 shares of the financial services provider’s stock, valued at approximately $630,000.

Other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake in CVB Financial Corporation by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 11,180 shares of the financial services provider’s stock valued at $246,000 after buying an additional 310 shares in the last quarter. Cutler Capital Management LLC bought a new stake in CVB Financial Corporation during the first quarter valued at about $120,000. Louisiana State Employees Retirement System increased its stake in CVB Financial Corporation by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 41,100 shares of the financial services provider’s stock valued at $908,000 after buying an additional 700 shares in the last quarter. Bank of Montreal Can increased its stake in CVB Financial Corporation by 8.6% in the first quarter. Bank of Montreal Can now owns 8,161 shares of the financial services provider’s stock valued at $180,000 after buying an additional 649 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in CVB Financial Corporation by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 183,513 shares of the financial services provider’s stock valued at $4,208,000 after buying an additional 4,097 shares in the last quarter. Hedge funds and other institutional investors own 68.08% of the company’s stock.

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

CVB Financial Corporation (NASDAQ:CVBF) last announced its quarterly earnings results on Tuesday, April 25th. The financial services provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The business had revenue of $74.16 million for the quarter, compared to analysts’ expectations of $77.30 million. CVB Financial Corporation had a net margin of 35.09% and a return on equity of 10.57%. During the same quarter in the previous year, the company earned $0.22 EPS.

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Several research firms have issued reports on CVBF. BidaskClub upgraded CVB Financial Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded CVB Financial Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Tuesday, March 21st. Hovde Group upgraded CVB Financial Corporation from an “underperform” rating to a “market perform” rating and set a $21.00 price objective on the stock in a research report on Friday, May 19th. Finally, Piper Jaffray Companies lowered their price objective on CVB Financial Corporation from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, April 17th. Six investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $20.80.

In other CVB Financial Corporation news, EVP David A. Brager sold 2,000 shares of the business’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $22.13, for a total value of $44,260.00. Following the sale, the executive vice president now owns 43,013 shares in the company, valued at approximately $951,877.69. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.80% of the stock is owned by insiders.

CVB Financial Corporation Company Profile

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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