CVB Financial Corp. (NASDAQ:CVBF) Shares Sold by Pinebridge Investments L.P.

Pinebridge Investments L.P. trimmed its holdings in CVB Financial Corp. (NASDAQ:CVBF) by 5.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,970 shares of the financial services provider’s stock after selling 3,550 shares during the period. Pinebridge Investments L.P.’s holdings in CVB Financial were worth $1,283,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CVBF. Dimensional Fund Advisors LP raised its position in shares of CVB Financial by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,572,759 shares of the financial services provider’s stock valued at $72,278,000 after purchasing an additional 76,206 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of CVB Financial by 8.5% in the 4th quarter. Geode Capital Management LLC now owns 1,228,653 shares of the financial services provider’s stock valued at $24,855,000 after acquiring an additional 96,179 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of CVB Financial by 0.4% in the 1st quarter. Rhumbline Advisers now owns 345,764 shares of the financial services provider’s stock valued at $7,278,000 after acquiring an additional 1,434 shares during the last quarter. Comerica Bank increased its holdings in shares of CVB Financial by 1.4% in the 1st quarter. Comerica Bank now owns 136,038 shares of the financial services provider’s stock valued at $2,911,000 after acquiring an additional 1,863 shares during the last quarter. Finally, Texas Permanent School Fund increased its holdings in shares of CVB Financial by 3.5% in the 1st quarter. Texas Permanent School Fund now owns 69,379 shares of the financial services provider’s stock valued at $1,460,000 after acquiring an additional 2,341 shares during the last quarter. 64.19% of the stock is currently owned by institutional investors.

CVBF has been the subject of a number of research analyst reports. Zacks Investment Research upgraded CVB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Janney Montgomery Scott downgraded CVB Financial from a “buy” rating to a “neutral” rating and set a $22.00 price target for the company. in a report on Friday, July 19th. BidaskClub upgraded CVB Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 6th. Finally, ValuEngine upgraded CVB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $23.33.

Shares of NASDAQ CVBF traded down $0.03 during trading on Thursday, reaching $21.80. The stock had a trading volume of 24,261 shares, compared to its average volume of 749,735. CVB Financial Corp. has a one year low of $19.21 and a one year high of $23.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $3.08 billion, a PE ratio of 17.58, a P/E/G ratio of 1.52 and a beta of 1.10. The firm’s 50 day moving average price is $20.81 and its two-hundred day moving average price is $21.17.

CVB Financial (NASDAQ:CVBF) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.03. The business had revenue of $129.26 million during the quarter, compared to the consensus estimate of $121.72 million. CVB Financial had a return on equity of 10.02% and a net margin of 37.43%. During the same period in the previous year, the business earned $0.32 EPS. On average, research analysts expect that CVB Financial Corp. will post 1.5 earnings per share for the current year.

In related news, CEO Christopher D. Myers sold 4,600 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $22.04, for a total transaction of $101,384.00. Following the completion of the transaction, the chief executive officer now directly owns 229,557 shares in the company, valued at approximately $5,059,436.28. The sale was disclosed in a document filed with the SEC, which is available through this link. 5.50% of the stock is owned by corporate insiders.

CVB Financial Profile

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank that provides banking and financial products and services. The company offers checking, savings, and money market accounts, as well as time certificates of deposit; and serves as a federal tax depository for business customers.

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

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