CVB Financial Corp. (CVBF) Holdings Raised by BlackRock Inc.

BlackRock Inc. raised its position in CVB Financial Corp. (NASDAQ:CVBF) by 8.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,463,980 shares of the financial services provider’s stock after acquiring an additional 1,139,617 shares during the period. BlackRock Inc. owned approximately 13.12% of CVB Financial worth $324,282,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of CVB Financial by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,281,453 shares of the financial services provider’s stock worth $74,293,000 after buying an additional 70,258 shares during the last quarter. Northern Trust Corp raised its holdings in shares of CVB Financial by 0.4% in the first quarter. Northern Trust Corp now owns 2,327,242 shares of the financial services provider’s stock worth $52,688,000 after buying an additional 9,938 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of CVB Financial by 2.4% in the first quarter. Principal Financial Group Inc. now owns 796,250 shares of the financial services provider’s stock worth $18,027,000 after buying an additional 18,837 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of CVB Financial by 20.4% in the first quarter. JPMorgan Chase & Co. now owns 744,253 shares of the financial services provider’s stock worth $16,850,000 after buying an additional 126,002 shares during the last quarter. Finally, BTIM Corp. raised its holdings in shares of CVB Financial by 0.8% in the second quarter. BTIM Corp. now owns 699,808 shares of the financial services provider’s stock worth $15,689,000 after buying an additional 5,557 shares during the last quarter. Institutional investors own 70.40% of the company’s stock.

Shares of CVB Financial stock opened at $23.84 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.72 and a quick ratio of 0.72. CVB Financial Corp. has a 1 year low of $20.87 and a 1 year high of $25.49. The firm has a market cap of $2.62 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 1.92 and a beta of 1.38.

CVB Financial (NASDAQ:CVBF) last issued its earnings results on Wednesday, July 18th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. CVB Financial had a net margin of 34.66% and a return on equity of 12.20%. The firm had revenue of $82.38 million during the quarter, compared to analysts’ expectations of $81.70 million. During the same quarter last year, the company posted $0.26 earnings per share. equities analysts anticipate that CVB Financial Corp. will post 1.3 earnings per share for the current fiscal year.

A number of research analysts have issued reports on CVBF shares. BidaskClub raised shares of CVB Financial from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Wedbush reaffirmed a “neutral” rating on shares of CVB Financial in a report on Monday, July 16th. Piper Jaffray Companies set a $25.00 price target on shares of CVB Financial and gave the stock a “hold” rating in a report on Monday, July 30th. Hovde Group set a $25.00 price target on shares of CVB Financial and gave the stock a “hold” rating in a report on Monday, July 23rd. Finally, Sandler O’Neill reaffirmed a “hold” rating and issued a $24.50 price target on shares of CVB Financial in a report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.10.

About CVB Financial

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank that provides banking, lending, and investment services. It operates in two segments, Banking Centers; and Dairy & Livestock and Agribusiness. 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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Institutional Ownership by Quarter for CVB Financial (NASDAQ:CVBF)

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