Barclays PLC Boosts Holdings in CVB Financial Corp. (NASDAQ:CVBF)
Barclays PLC grew its position in CVB Financial Corp. (NASDAQ:CVBF) by 13.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,800 shares of the financial services provider’s stock after buying an additional 18,156 shares during the period. Barclays PLC owned 0.11% of CVB Financial worth $3,272,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of CVBF. NumerixS Investment Technologies Inc purchased a new stake in shares of CVB Financial in the 2nd quarter valued at approximately $32,000. Strs Ohio grew its stake in shares of CVB Financial by 142.2% in the 2nd quarter. Strs Ohio now owns 10,900 shares of the financial services provider’s stock valued at $229,000 after buying an additional 6,400 shares during the period. CIBC Asset Management Inc purchased a new stake in shares of CVB Financial in the 3rd quarter valued at approximately $234,000. Tower Research Capital LLC TRC grew its stake in shares of CVB Financial by 13,673.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,947 shares of the financial services provider’s stock valued at $273,000 after buying an additional 12,853 shares during the period. Finally, Alps Advisors Inc. purchased a new stake in shares of CVB Financial in the 3rd quarter valued at approximately $352,000. 66.73% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of CVB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. BidaskClub cut shares of CVB Financial from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, ValuEngine upgraded shares of CVB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.33.
Shares of CVBF stock opened at $21.19 on Tuesday. The firm’s 50 day moving average price is $21.17 and its 200-day moving average price is $20.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.86 and a current ratio of 0.86. CVB Financial Corp. has a one year low of $19.21 and a one year high of $23.51. The firm has a market cap of $2.99 billion, a P/E ratio of 14.94 and a beta of 1.07.
CVB Financial (NASDAQ:CVBF) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). CVB Financial had a return on equity of 10.45% and a net margin of 38.37%. The company had revenue of $120.10 million during the quarter, compared to analyst estimates of $122.35 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The business’s revenue was up 16.6% compared to the same quarter last year. As a group, research analysts predict that CVB Financial Corp. will post 1.46 EPS for the current fiscal year.
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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