Swiss National Bank Purchases 2,100 Shares of CVB Financial Corp. (NASDAQ:CVBF)

Swiss National Bank grew its position in shares of CVB Financial Corp. (NASDAQ:CVBF) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 274,700 shares of the financial services provider’s stock after buying an additional 2,100 shares during the quarter. Swiss National Bank owned approximately 0.20% of CVB Financial worth $5,881,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CVBF. Natixis Advisors LLC grew its position in CVB Financial by 2.1% during the 3rd quarter. Natixis Advisors LLC now owns 26,583 shares of the financial services provider’s stock worth $474,000 after acquiring an additional 545 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in CVB Financial by 87.6% in the third quarter. Thrivent Financial for Lutherans now owns 213,159 shares of the financial services provider’s stock worth $3,798,000 after purchasing an additional 99,554 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of CVB Financial by 171.2% during the third quarter. Intech Investment Management LLC now owns 37,134 shares of the financial services provider’s stock worth $662,000 after purchasing an additional 23,441 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of CVB Financial by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,952,354 shares of the financial services provider’s stock valued at $88,251,000 after buying an additional 181,769 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in shares of CVB Financial by 9.8% in the third quarter. Citigroup Inc. now owns 264,663 shares of the financial services provider’s stock valued at $4,716,000 after buying an additional 23,682 shares during the last quarter. Institutional investors and hedge funds own 74.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of CVB Financial from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Stephens lowered their price target on shares of CVB Financial from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $22.20.

CVB Financial Stock Performance

CVBF opened at $18.70 on Monday. The company has a fifty day moving average price of $20.00 and a two-hundred day moving average price of $20.31. The firm has a market capitalization of $2.61 billion, a PE ratio of 12.99 and a beta of 0.46. CVB Financial Corp. has a 52 week low of $15.71 and a 52 week high of $24.58.

CVB Financial (NASDAQ:CVBF) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. CVB Financial had a return on equity of 9.35% and a net margin of 29.32%. Equities analysts forecast that CVB Financial Corp. will post 1.41 EPS for the current year.

CVB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Wednesday, April 2nd will be given a $0.20 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.28%. CVB Financial’s dividend payout ratio is 55.56%.

CVB Financial Profile

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.