CVB Financial Corp. (NASDAQ:CVBF) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its holdings in CVB Financial Corp. (NASDAQ:CVBF) by 13.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,390 shares of the financial services provider’s stock after selling 7,913 shares during the period. Nisa Investment Advisors LLC’s holdings in CVB Financial were worth $1,038,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Morgan Stanley boosted its position in shares of CVB Financial by 172.4% in the 4th quarter. Morgan Stanley now owns 3,718,134 shares of the financial services provider’s stock valued at $95,742,000 after purchasing an additional 2,353,360 shares during the period. State Street Corp boosted its holdings in shares of CVB Financial by 29.9% in the second quarter. State Street Corp now owns 8,084,109 shares of the financial services provider’s stock worth $107,357,000 after buying an additional 1,861,050 shares during the period. BlackRock Inc. boosted its holdings in shares of CVB Financial by 7.7% in the first quarter. BlackRock Inc. now owns 20,822,280 shares of the financial services provider’s stock worth $483,284,000 after buying an additional 1,487,960 shares during the period. American Century Companies Inc. increased its position in shares of CVB Financial by 44.1% in the third quarter. American Century Companies Inc. now owns 3,937,457 shares of the financial services provider’s stock worth $65,244,000 after acquiring an additional 1,204,090 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of CVB Financial during the fourth quarter valued at approximately $29,578,000. 74.18% of the stock is currently owned by institutional investors.

CVB Financial Trading Down 0.7 %

NASDAQ CVBF opened at $16.09 on Tuesday. CVB Financial Corp. has a 1-year low of $10.66 and a 1-year high of $21.77. The firm’s fifty day simple moving average is $17.12 and its 200-day simple moving average is $17.70. The company has a market capitalization of $2.25 billion, a PE ratio of 10.12 and a beta of 0.46.

CVB Financial (NASDAQ:CVBF) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $138.52 million for the quarter, compared to analyst estimates of $134.88 million. CVB Financial had a return on equity of 11.50% and a net margin of 33.26%. As a group, analysts predict that CVB Financial Corp. will post 1.49 EPS for the current year.

CVB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Wednesday, April 3rd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Tuesday, April 2nd. CVB Financial’s payout ratio is presently 50.31%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CVBF shares. Wedbush cut their target price on shares of CVB Financial from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, January 25th. StockNews.com raised CVB Financial to a “sell” rating in a research note on Friday, January 5th. Finally, Keefe, Bruyette & Woods decreased their price objective on CVB Financial from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, CVB Financial has an average rating of “Hold” and an average target price of $20.67.

Insider Buying and Selling at CVB Financial

In other CVB Financial news, CEO David A. Brager purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were bought at an average price of $16.75 per share, for a total transaction of $33,500.00. Following the purchase, the chief executive officer now directly owns 152,814 shares in the company, valued at approximately $2,559,634.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO David A. Brager purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was bought at an average price of $16.75 per share, for a total transaction of $33,500.00. Following the purchase, the chief executive officer now owns 152,814 shares in the company, valued at approximately $2,559,634.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George A. Borba, Jr. acquired 59,601 shares of the stock in a transaction dated Tuesday, February 6th. The shares were bought at an average cost of $16.78 per share, for a total transaction of $1,000,104.78. Following the acquisition, the director now owns 626,311 shares in the company, valued at approximately $10,509,498.58. The disclosure for this purchase can be found here. Insiders acquired 63,601 shares of company stock worth $1,067,145 over the last ninety days. 6.00% of the stock is currently owned by insiders.

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.