19 hours Ago By ABMN Staff
KLP Kapitalforvaltning AS acquired a new stake in CVB Financial Corp. ( NASDAQ:CVBF – Free Report ) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 28,800 shares of the financial services provider’s stock, valued at approximately $622,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in shares of CVB Financial by 210.
7% in the fourth quarter. Victory Capital Management Inc. now owns 1,487,997 shares of the financial services provider’s stock valued at $31,858,000 after buying an additional 1,009,146 shares during the last quarter.
Wellington Management Group LLP bought a new position in CVB Financial in the 3rd quarter valued at $8,653,000. Raymond James Financial Inc. bought a new position in CVB Financial in the 4th quarter valued at $9,483,000.
Charles Schwab Investment Management Inc. increased its stake in shares of CVB Financial by 4.1% in the 4th quarter.
Charles Schwab Investment Management Inc. now owns 5,156,518 shares of the financial services provider’s stock valued at $110,401,000 after buying an additional 204,164 shares during the period. Finally, Barclays PLC raised its position in shares of CVB Financial by 79.
5% during the third quarter. Barclays PLC now owns 291,011 shares of the financial services provider’s stock worth $5,186,000 after acquiring an additional 128,869 shares during the last quarter. Institutional investors and hedge funds own 74.
18% of the company’s stock. CVB Financial Price Performance NASDAQ:CVBF opened at $18.44 on Thursday.
The business’s 50-day simple moving average is $19.71 and its 200-day simple moving average is $20.37.
CVB Financial Corp. has a fifty-two week low of $15.71 and a fifty-two week high of $24.
58. The stock has a market capitalization of $2.57 billion, a PE ratio of 12.
81 and a beta of 0.46. CVB Financial Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th.
Shareholders of record on Wednesday, April 2nd will be paid a $0.20 dividend. This represents a $0.
80 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Wednesday, April 2nd.
CVB Financial’s dividend payout ratio is 55.56%. Analyst Ratings Changes CVBF has been the subject of a number of research reports.
Keefe, Bruyette & Woods lifted their price objective on CVB Financial from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th.
Stephens cut their price objective on shares of CVB Financial from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday, January 27th.
Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $22.20.
Check Out Our Latest Stock Report on CVBF CVB Financial Profile ( Free Report ) CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. It offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers.
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