SG Americas Securities LLC Has $2.72 Million Position in CVB Financial Co. (CVBF)

SG Americas Securities LLC increased its stake in shares of CVB Financial Co. (NASDAQ:CVBF) by 4.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,311 shares of the financial services provider’s stock after purchasing an additional 5,662 shares during the quarter. SG Americas Securities LLC’s holdings in CVB Financial were worth $2,724,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CVBF. California Public Employees Retirement System lifted its stake in shares of CVB Financial by 11.7% during the 3rd quarter. California Public Employees Retirement System now owns 131,172 shares of the financial services provider’s stock worth $3,170,000 after purchasing an additional 13,772 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of CVB Financial by 6.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 44,100 shares of the financial services provider’s stock worth $1,039,000 after purchasing an additional 2,600 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of CVB Financial by 6.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 591,001 shares of the financial services provider’s stock worth $13,924,000 after purchasing an additional 33,256 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of CVB Financial by 6.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 214,263 shares of the financial services provider’s stock worth $5,048,000 after purchasing an additional 13,815 shares during the last quarter. Finally, Comerica Bank lifted its stake in shares of CVB Financial by 8.9% during the 4th quarter. Comerica Bank now owns 140,658 shares of the financial services provider’s stock worth $3,388,000 after purchasing an additional 11,449 shares during the last quarter. Hedge funds and other institutional investors own 70.13% of the company’s stock.

CVB Financial opened at $22.89 on Monday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.73 and a quick ratio of 0.73. CVB Financial Co. has a one year low of $19.58 and a one year high of $25.49. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 1.90 and a beta of 1.39.

CVB Financial (NASDAQ:CVBF) last released its quarterly earnings results on Wednesday, April 18th. The financial services provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. CVB Financial had a return on equity of 11.61% and a net margin of 32.71%. The company had revenue of $83.44 million during the quarter, compared to analysts’ expectations of $82.03 million. During the same period last year, the business posted $0.26 earnings per share. equities analysts predict that CVB Financial Co. will post 1.27 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 19th. Shareholders of record on Thursday, April 5th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Wednesday, April 4th. CVB Financial’s dividend payout ratio (DPR) is presently 52.34%.

A number of equities research analysts recently weighed in on CVBF shares. Zacks Investment Research upgraded CVB Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Monday, March 5th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $26.00 price target on shares of CVB Financial in a research note on Thursday, March 1st. BidaskClub upgraded CVB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, February 10th. Hovde Group set a $25.00 price target on CVB Financial and gave the company a “hold” rating in a research note on Wednesday, February 28th. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $24.00 price target on shares of CVB Financial in a research note on Thursday, March 29th. Eight equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $24.00.

In other news, CEO Christopher D. Myers sold 20,000 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $23.85, for a total value of $477,000.00. Following the transaction, the chief executive officer now directly owns 327,336 shares of the company’s stock, valued at $7,806,963.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jr. Rodrigo Guerra acquired 5,000 shares of the business’s stock in a transaction dated Monday, April 30th. The stock was purchased at an average cost of $22.46 per share, for a total transaction of $112,300.00. Following the completion of the acquisition, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $247,060. The disclosure for this purchase can be found here. Company insiders own 6.90% of the company’s stock.

CVB Financial Profile

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank that provides banking, lending, trust, and investment services for small to mid-sized businesses and individuals. It operates in two segments, Banking Centers; and Dairy & Livestock and Agribusiness. The company offers various deposit products, including checking, savings, money market, and time certificates of deposit for business and personal accounts, as well as serves as a federal tax depository for business customers.

Want to see what other hedge funds are holding CVBF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CVB Financial Co. (NASDAQ:CVBF).

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

Receive News & Ratings for CVB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVB Financial and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply