Equitable Trust Co. Has $432,000 Stake in CVB Financial Corp. (NASDAQ:CVBF)

Equitable Trust Co. boosted its stake in CVB Financial Corp. (NASDAQ:CVBFFree Report) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,074 shares of the financial services provider’s stock after buying an additional 1,994 shares during the quarter. Equitable Trust Co.’s holdings in CVB Financial were worth $432,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its stake in CVB Financial by 7.7% in the first quarter. BlackRock Inc. now owns 20,822,280 shares of the financial services provider’s stock worth $483,284,000 after purchasing an additional 1,487,960 shares in the last quarter. Vanguard Group Inc. boosted its stake in CVB Financial by 0.7% in the third quarter. Vanguard Group Inc. now owns 15,338,056 shares of the financial services provider’s stock worth $388,359,000 after purchasing an additional 105,237 shares in the last quarter. State Street Corp boosted its stake in CVB Financial by 29.9% in the second quarter. State Street Corp now owns 8,084,109 shares of the financial services provider’s stock worth $107,357,000 after purchasing an additional 1,861,050 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in CVB Financial by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,733,409 shares of the financial services provider’s stock worth $62,271,000 after purchasing an additional 212,674 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of CVB Financial by 172.4% during the fourth quarter. Morgan Stanley now owns 3,718,134 shares of the financial services provider’s stock worth $95,742,000 after acquiring an additional 2,353,360 shares during the last quarter. Institutional investors and hedge funds own 74.51% of the company’s stock.

CVB Financial Price Performance

Shares of CVB Financial stock opened at $17.88 on Wednesday. The company has a market capitalization of $2.49 billion, a P/E ratio of 11.25 and a beta of 0.48. The business has a 50-day moving average of $19.28 and a two-hundred day moving average of $17.86. CVB Financial Corp. has a 1 year low of $10.66 and a 1 year high of $25.63.

CVB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 22nd. Stockholders of record on Friday, January 5th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $0.80 annualized dividend and a dividend yield of 4.47%. CVB Financial’s dividend payout ratio is currently 50.31%.

Wall Street Analysts Forecast Growth

CVBF has been the subject of a number of recent research reports. StockNews.com upgraded CVB Financial to a “sell” rating in a research report on Friday, January 5th. Keefe, Bruyette & Woods dropped their target price on CVB Financial from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Friday, January 26th. Wedbush dropped their target price on CVB Financial from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. Stephens began coverage on CVB Financial in a report on Friday, December 8th. They issued an “equal weight” rating and a $21.00 price objective for the company. Finally, TheStreet upgraded CVB Financial from a “c+” rating to a “b-” rating in a report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.00.

View Our Latest Analysis on CVBF

CVB Financial Company 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.

See Also

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

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