American Century Companies Inc. Decreases Position in CVB Financial Corp. (NASDAQ:CVBF)

American Century Companies Inc. decreased its stake in CVB Financial Corp. (NASDAQ:CVBF) by 26.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,337,272 shares of the financial services provider’s stock after selling 1,586,772 shares during the period. American Century Companies Inc.’s holdings in CVB Financial were worth $92,861,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Natixis Advisors LLC lifted its position in CVB Financial by 2.1% in the third quarter. Natixis Advisors LLC now owns 26,583 shares of the financial services provider’s stock worth $474,000 after buying an additional 545 shares during the last quarter. Blue Trust Inc. raised its stake in shares of CVB Financial by 17.7% in the fourth quarter. Blue Trust Inc. now owns 6,108 shares of the financial services provider’s stock valued at $131,000 after acquiring an additional 918 shares during the period. KBC Group NV lifted its holdings in shares of CVB Financial by 35.0% in the 4th quarter. KBC Group NV now owns 6,005 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 1,556 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of CVB Financial by 9.0% during the 4th quarter. Los Angeles Capital Management LLC now owns 20,401 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 1,690 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in CVB Financial by 5.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,367 shares of the financial services provider’s stock valued at $821,000 after purchasing an additional 2,021 shares during the last quarter. Institutional investors own 74.18% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CVBF. Keefe, Bruyette & Woods raised their price objective on shares of CVB Financial from $23.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Stephens decreased their price target on CVB Financial from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.20.

CVB Financial Trading Up 2.2 %

Shares of CVB Financial stock opened at $19.12 on Tuesday. The stock’s fifty day moving average price is $19.99 and its 200-day moving average price is $20.32. The firm has a market cap of $2.67 billion, a P/E ratio of 13.28 and a beta of 0.46. CVB Financial Corp. has a 12 month low of $15.71 and a 12 month high of $24.58.

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

CVB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 2nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Wednesday, April 2nd. CVB Financial’s payout ratio is 55.56%.

CVB Financial Company 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.