Victory Capital Management Inc. Has $31.86 Million Stock Holdings in CVB Financial Corp. (NASDAQ:CVBF)

Victory Capital Management Inc. raised its holdings in CVB Financial Corp. (NASDAQ:CVBF) by 210.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,487,997 shares of the financial services provider’s stock after buying an additional 1,009,146 shares during the period. Victory Capital Management Inc. owned about 1.07% of CVB Financial worth $31,858,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CVBF. Natixis Advisors LLC raised its stake 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 valued at $474,000 after buying an additional 545 shares during the period. Thrivent Financial for Lutherans raised its stake in CVB Financial by 87.6% in the third quarter. Thrivent Financial for Lutherans now owns 213,159 shares of the financial services provider’s stock valued at $3,798,000 after buying an additional 99,554 shares during the period. LMR Partners LLP bought a new stake in CVB Financial in the third quarter valued at approximately $215,000. Intech Investment Management LLC raised its stake in CVB Financial by 171.2% in the third quarter. Intech Investment Management LLC now owns 37,134 shares of the financial services provider’s stock valued at $662,000 after buying an additional 23,441 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in CVB Financial by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,952,354 shares of the financial services provider’s stock valued at $88,251,000 after buying an additional 181,769 shares during the period. Institutional investors own 74.18% of the company’s stock.

CVB Financial Trading Up 0.4 %

Shares of NASDAQ CVBF opened at $19.44 on Monday. The firm has a market cap of $2.71 billion, a P/E ratio of 13.50 and a beta of 0.46. CVB Financial Corp. has a 1-year low of $15.71 and a 1-year high of $24.58. The business’s 50 day moving average is $20.44 and its 200-day moving average is $20.27.

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

CVB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.12%. CVB Financial’s dividend payout ratio (DPR) is presently 55.56%.

Analysts Set New Price Targets

CVBF has been the topic of several research analyst reports. Keefe, Bruyette & Woods upped their price objective on CVB Financial from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Stephens lowered their target price on CVB Financial from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Monday, January 27th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $22.20.

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.