SAM Advisors LLC Makes New $200,000 Investment in CVB Financial Corp. (NASDAQ:CVBF)

SAM Advisors LLC bought a new position in shares of CVB Financial Corp. (NASDAQ:CVBFGet Rating) during the second quarter, HoldingsChannel.com reports. The firm bought 8,000 shares of the financial services provider’s stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of CVB Financial by 7.7% during the 1st quarter. BlackRock Inc. now owns 20,822,280 shares of the financial services provider’s stock worth $483,284,000 after acquiring an additional 1,487,960 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of CVB Financial by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 15,296,047 shares of the financial services provider’s stock worth $355,021,000 after acquiring an additional 750,265 shares in the last quarter. State Street Corp boosted its position in shares of CVB Financial by 24.3% during the 1st quarter. State Street Corp now owns 7,689,996 shares of the financial services provider’s stock worth $178,485,000 after acquiring an additional 1,502,666 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of CVB Financial by 29.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,119,949 shares of the financial services provider’s stock worth $88,208,000 after acquiring an additional 942,421 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of CVB Financial by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,216,929 shares of the financial services provider’s stock worth $74,666,000 after acquiring an additional 72,475 shares in the last quarter. Institutional investors and hedge funds own 72.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wedbush raised their target price on shares of CVB Financial to $26.00 in a research report on Monday, July 25th. StockNews.com upgraded shares of CVB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, July 21st.

CVB Financial Price Performance

Shares of CVB Financial stock opened at $26.18 on Monday. CVB Financial Corp. has a fifty-two week low of $18.72 and a fifty-two week high of $28.14. The firm has a market capitalization of $3.66 billion, a P/E ratio of 18.06 and a beta of 0.37. The company’s 50 day moving average price is $26.14 and its two-hundred day moving average price is $24.66.

CVB Financial (NASDAQ:CVBFGet Rating) last issued its earnings results on Wednesday, July 20th. The financial services provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $136.61 million for the quarter, compared to analyst estimates of $131.40 million. CVB Financial had a net margin of 40.88% and a return on equity of 9.85%. During the same quarter last year, the business posted $0.38 earnings per share. On average, analysts expect that CVB Financial Corp. will post 1.65 earnings per share for the current year.

About CVB Financial

(Get Rating)

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.

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

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