World Investment Advisors Has $580,000 Holdings in CVB Financial Corp. (NASDAQ:CVBF)

World Investment Advisors boosted its position in shares of CVB Financial Corp. (NASDAQ:CVBF) by 17.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,929 shares of the financial services provider’s stock after buying an additional 4,075 shares during the period. World Investment Advisors’ holdings in CVB Financial were worth $580,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA acquired a new stake in shares of CVB Financial in the 4th quarter valued at $31,064,000. Trexquant Investment LP boosted its stake in CVB Financial by 101.2% in the fourth quarter. Trexquant Investment LP now owns 46,384 shares of the financial services provider’s stock valued at $993,000 after buying an additional 23,333 shares in the last quarter. Wellington Management Group LLP boosted its stake in CVB Financial by 99.6% in the fourth quarter. Wellington Management Group LLP now owns 969,415 shares of the financial services provider’s stock valued at $20,755,000 after buying an additional 483,844 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in CVB Financial in the fourth quarter valued at about $215,000. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of CVB Financial by 5.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 19,475 shares of the financial services provider’s stock worth $417,000 after acquiring an additional 1,054 shares during the last quarter. 74.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Stephens decreased their price target on shares of CVB Financial from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday, January 27th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $22.20.

CVB Financial Trading Down 0.7 %

Shares of CVBF stock opened at $16.73 on Tuesday. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 11.62 and a beta of 0.62. The business’s 50-day moving average price is $19.48 and its 200-day moving average price is $20.36. CVB Financial Corp. has a 12 month low of $15.71 and a 12 month high of $24.58.

CVB Financial (NASDAQ:CVBF) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, topping 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%. On average, sell-side analysts predict that CVB Financial Corp. will post 1.41 earnings per share for the current fiscal year.

CVB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Wednesday, April 2nd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 4.78%. CVB Financial’s payout ratio is 55.56%.

CVB Financial 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.