Texas Permanent School Fund Sells 5,540 Shares of CVB Financial Corp. (CVBF)

Texas Permanent School Fund decreased its position in shares of CVB Financial Corp. (NASDAQ:CVBF) by 7.4% during the 4th quarter, HoldingsChannel reports. The fund owned 69,246 shares of the financial services provider’s stock after selling 5,540 shares during the period. Texas Permanent School Fund’s holdings in CVB Financial were worth $1,631,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. raised its position in CVB Financial by 6.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 591,001 shares of the financial services provider’s stock worth $13,924,000 after purchasing an additional 33,256 shares during the last quarter. Louisiana State Employees Retirement System raised its position in CVB Financial by 6.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 44,100 shares of the financial services provider’s stock worth $1,039,000 after purchasing an additional 2,600 shares during the last quarter. GSA Capital Partners LLP raised its position in CVB Financial by 188.5% during the 3rd quarter. GSA Capital Partners LLP now owns 30,624 shares of the financial services provider’s stock worth $740,000 after purchasing an additional 20,009 shares during the last quarter. Walthausen & Co. LLC bought a new position in CVB Financial during the 3rd quarter worth $7,099,000. Finally, California Public Employees Retirement System raised its position in CVB Financial by 11.7% during the 3rd quarter. California Public Employees Retirement System now owns 131,172 shares of the financial services provider’s stock worth $3,170,000 after purchasing an additional 13,772 shares during the last quarter. 69.21% of the stock is currently owned by institutional investors.

CVB Financial Corp. (NASDAQ CVBF) opened at $22.49 on Friday. CVB Financial Corp. has a 12-month low of $19.58 and a 12-month high of $25.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $2,420.76, a PE ratio of 20.53, a PEG ratio of 1.82 and a beta of 1.43.

CVB Financial (NASDAQ:CVBF) last posted its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. CVB Financial had a return on equity of 11.06% and a net margin of 31.70%. The firm had revenue of $83.86 million during the quarter, compared to analyst estimates of $82.00 million. During the same period last year, the company posted $0.25 EPS. research analysts predict that CVB Financial Corp. will post 1.27 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 22nd. Stockholders of record on Friday, January 5th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Thursday, January 4th. CVB Financial’s dividend payout ratio (DPR) is presently 58.95%.

Several research analysts recently issued reports on the company. BidaskClub raised CVB Financial from a “sell” rating to a “hold” rating in a research report on Saturday. Sandler O’Neill reaffirmed a “hold” rating and set a $24.00 target price on shares of CVB Financial in a research report on Thursday, January 4th. Zacks Investment Research raised CVB Financial from a “sell” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Tuesday, January 2nd. Finally, ValuEngine lowered CVB Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. CVB Financial currently has a consensus rating of “Hold” and an average price target of $23.17.

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CVB Financial 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.

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

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