Chartwell Investment Partners LLC Cuts Position in CVB Financial Corporation (CVBF)

Chartwell Investment Partners LLC decreased its holdings in CVB Financial Corporation (NASDAQ:CVBF) by 2.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 545,325 shares of the financial services provider’s stock after selling 14,617 shares during the period. Chartwell Investment Partners LLC owned approximately 0.50% of CVB Financial Corporation worth $13,180,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Strs Ohio raised its stake in shares of CVB Financial Corporation by 12.5% during the second quarter. Strs Ohio now owns 4,500 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 500 shares during the period. Cutler Capital Management LLC raised its stake in shares of CVB Financial Corporation by 10.3% during the second quarter. Cutler Capital Management LLC now owns 6,000 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 558 shares during the period. Riverhead Capital Management LLC increased its stake in shares of CVB Financial Corporation by 54.5% in the second quarter. Riverhead Capital Management LLC now owns 6,491 shares of the financial services provider’s stock worth $146,000 after buying an additional 2,291 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of CVB Financial Corporation by 29.3% in the second quarter. D.A. Davidson & CO. now owns 7,056 shares of the financial services provider’s stock worth $158,000 after buying an additional 1,600 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of CVB Financial Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,384 shares of the financial services provider’s stock worth $166,000 after buying an additional 1,107 shares during the last quarter. Hedge funds and other institutional investors own 68.49% of the company’s stock.

A number of analysts recently issued reports on CVBF shares. Zacks Investment Research upgraded shares of CVB Financial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. ValuEngine downgraded shares of CVB Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. BidaskClub downgraded shares of CVB Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Piper Jaffray Companies reissued a “hold” rating on shares of CVB Financial Corporation in a report on Friday, October 6th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $23.00 price target on shares of CVB Financial Corporation in a report on Friday, August 4th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $23.20.

CVB Financial Corporation (NASDAQ CVBF) traded up $0.37 during midday trading on Tuesday, reaching $23.39. The company’s stock had a trading volume of 180,100 shares, compared to its average volume of 381,204. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.02. The firm has a market cap of $2,600.00, a P/E ratio of 22.14, a PEG ratio of 2.27 and a beta of 1.51. CVB Financial Corporation has a 12-month low of $19.58 and a 12-month high of $25.25.

CVB Financial Corporation (NASDAQ:CVBF) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. CVB Financial Corporation had a return on equity of 10.89% and a net margin of 35.60%. The company had revenue of $81.78 million for the quarter, compared to analysts’ expectations of $81.78 million. During the same quarter in the previous year, the business posted $0.23 EPS. research analysts forecast that CVB Financial Corporation will post 1.07 earnings per share for the current fiscal year.

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CVB Financial Corporation Company Profile

CVB Financial Corp. (CVB) is the bank holding company for Citizens Business Bank (the Bank). The Bank operates through two segments: Business Financial and Commercial Banking Centers (Centers), and Other Operations. The Company’s administrative and other smaller operating departments are combined into the Other segment.

Institutional Ownership by Quarter for CVB Financial Corporation (NASDAQ:CVBF)

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