Schroder Investment Management Group Has $17.43 Million Position in CVB Financial Corp. (NASDAQ:CVBF)

Schroder Investment Management Group raised its stake in shares of CVB Financial Corp. (NASDAQ:CVBF) by 12.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 863,044 shares of the financial services provider’s stock after buying an additional 95,970 shares during the quarter. Schroder Investment Management Group owned about 0.62% of CVB Financial worth $17,425,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Strs Ohio acquired a new position in shares of CVB Financial during the 4th quarter worth about $36,000. GAMMA Investing LLC acquired a new position in shares of CVB Financial during the 4th quarter worth about $102,000. Headlands Technologies LLC acquired a new position in shares of CVB Financial during the 4th quarter worth about $122,000. Assetmark Inc. grew its position in shares of CVB Financial by 141.5% during the 4th quarter. Assetmark Inc. now owns 8,598 shares of the financial services provider’s stock worth $174,000 after buying an additional 5,038 shares during the period. Finally, Covestor Ltd grew its position in shares of CVB Financial by 11.2% during the 3rd quarter. Covestor Ltd now owns 8,761 shares of the financial services provider’s stock worth $145,000 after buying an additional 885 shares during the period. 74.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CVBF has been the subject of several research analyst reports. Wedbush reiterated a “neutral” rating and issued a $19.00 price objective on shares of CVB Financial in a research report on Thursday, April 25th. Stephens reiterated an “equal weight” rating and issued a $20.00 price objective on shares of CVB Financial in a research report on Thursday, April 25th. Hovde Group lowered CVB Financial from an “outperform” rating to a “market perform” rating and set a $18.00 price objective for the company. in a research report on Monday, April 22nd. Keefe, Bruyette & Woods decreased their price objective on CVB Financial from $20.00 to $19.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Finally, Janney Montgomery Scott lowered CVB Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.00.

CVB Financial Stock Performance

NASDAQ CVBF opened at $16.14 on Wednesday. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 10.62 and a beta of 0.46. The stock’s 50 day moving average price is $16.66 and its two-hundred day moving average price is $17.72. CVB Financial Corp. has a 52 week low of $12.82 and a 52 week high of $21.77.

CVB Financial (NASDAQ:CVBF) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. CVB Financial had a return on equity of 10.84% and a net margin of 30.93%. The firm had revenue of $126.57 million for the quarter, compared to analysts’ expectations of $127.46 million. During the same quarter in the previous year, the business posted $0.42 EPS. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. On average, equities research analysts forecast that CVB Financial Corp. will post 1.41 EPS for the current year.

CVB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Wednesday, April 3rd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date was Tuesday, April 2nd. CVB Financial’s dividend payout ratio is currently 52.63%.

About CVB Financial

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.