Crossmark Global Holdings Inc. Invests $385,000 in CVB Financial Corporation (CVBF)

Crossmark Global Holdings Inc. bought a new position in CVB Financial Corporation (NASDAQ:CVBF) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,930 shares of the financial services provider’s stock, valued at approximately $385,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CVBF. Vanguard Group Inc. increased its stake in CVB Financial Corporation by 3.9% during the second quarter. Vanguard Group Inc. now owns 9,771,495 shares of the financial services provider’s stock worth $219,175,000 after acquiring an additional 365,996 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in CVB Financial Corporation by 7.8% during the second quarter. Goldman Sachs Group Inc. now owns 3,778,792 shares of the financial services provider’s stock worth $84,759,000 after acquiring an additional 274,617 shares during the last quarter. Bank of America Corp DE increased its stake in CVB Financial Corporation by 46.1% during the first quarter. Bank of America Corp DE now owns 301,748 shares of the financial services provider’s stock worth $6,666,000 after acquiring an additional 95,226 shares during the last quarter. Northern Trust Corp increased its stake in CVB Financial Corporation by 3.3% during the second quarter. Northern Trust Corp now owns 2,361,525 shares of the financial services provider’s stock worth $52,969,000 after acquiring an additional 76,345 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in CVB Financial Corporation by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 2,356,634 shares of the financial services provider’s stock worth $52,860,000 after acquiring an additional 63,017 shares during the last quarter. 68.49% of the stock is currently owned by institutional investors.

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Shares of CVB Financial Corporation (NASDAQ:CVBF) opened at $23.53 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 0.69. CVB Financial Corporation has a 52 week low of $19.58 and a 52 week high of $25.25. The firm has a market capitalization of $2,591.99, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 2.32 and a beta of 1.52.

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

Several equities research analysts have weighed in on CVBF shares. Zacks Investment Research cut CVB Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. ValuEngine cut CVB Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Piper Jaffray Companies reissued a “hold” rating on shares of CVB Financial Corporation in a research note on Friday, October 6th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $23.00 price objective on shares of CVB Financial Corporation in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $23.20.

About CVB Financial Corporation

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.

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

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