Deutsche Bank AG Increases Holdings in CVB Financial Corp. (NASDAQ:CVBF)

Deutsche Bank AG increased its stake in shares of CVB Financial Corp. (NASDAQ:CVBF) by 50.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,880 shares of the financial services provider’s stock after acquiring an additional 39,490 shares during the period. Deutsche Bank AG’s holdings in CVB Financial were worth $2,524,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in CVB Financial by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,357,405 shares of the financial services provider’s stock worth $136,116,000 after acquiring an additional 162,422 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in CVB Financial by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,156,518 shares of the financial services provider’s stock worth $110,401,000 after acquiring an additional 204,164 shares during the period. Capital Research Global Investors acquired a new stake in CVB Financial during the fourth quarter worth about $94,382,000. Fuller & Thaler Asset Management Inc. grew its holdings in CVB Financial by 15.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,334,354 shares of the financial services provider’s stock worth $49,979,000 after acquiring an additional 317,418 shares during the period. Finally, Northern Trust Corp grew its holdings in CVB Financial by 1.3% during the fourth quarter. Northern Trust Corp now owns 1,681,961 shares of the financial services provider’s stock worth $36,011,000 after acquiring an additional 21,510 shares during the period. 74.18% of the stock is owned by institutional investors and hedge funds.

CVB Financial Trading Down 2.8%

Shares of CVBF opened at $19.05 on Thursday. CVB Financial Corp. has a 12 month low of $15.75 and a 12 month high of $24.58. The stock’s 50 day moving average is $18.42 and its two-hundred day moving average is $20.28. The firm has a market cap of $2.63 billion, a P/E ratio of 13.23 and a beta of 0.65.

CVB Financial (NASDAQ:CVBF) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. CVB Financial had a return on equity of 9.35% and a net margin of 29.32%. The company had revenue of $126.67 million for the quarter, compared to analyst estimates of $124.45 million. During the same period last year, the company earned $0.35 earnings per share. Equities research analysts forecast that CVB Financial Corp. will post 1.41 EPS for the current year.

CVB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 2nd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date was Wednesday, April 2nd. CVB Financial’s dividend payout ratio is presently 55.17%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Stephens dropped their target price on CVB Financial from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday, January 27th. Piper Sandler dropped their price objective on CVB Financial from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.50.

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.