Blue Trust Inc. Increases Stake in CVB Financial Corp.

On February 6th, 2025, it was reported that Blue Trust Inc. has increased its stake in CVB Financial Corp. (NASDAQ:CVBF) by 17.7% during the fourth quarter. Following this move, Blue Trust now holds 6,108 shares of the financial services firm, having purchased an additional 918 shares in that timeframe. The value of Blue Trust's holdings in CVB Financial now stands at $131,000, according to data compiled by Holdings Channel.

Other institutional investors and hedge funds have also adjusted their positions in CVB Financial recently. Natixis Advisors LLC raised its stake by 2.1% in the third quarter, bringing its total to 26,583 shares valued at $474,000 after acquiring an extra 545 shares.

Similarly, GAMMA Investing LLC increased its holdings in CVB Financial by 21.7% during the same quarter, now owning 4,367 shares worth $78,000 after an addition of 780 shares. AlphaMark Advisors LLC also grew its position by 4.7%, acquiring 859 more shares to hold a total of 19,179 shares valued at $342,000.

Diversified Trust Co upped its stake by 3.5% as well, holding 44,271 shares now worth $789,000 after acquiring 1,491 additional shares. Finally, Allspring Global Investments Holdings LLC has recently started a new stake, acquiring approximately $27,000 worth of CVB Financial shares. As of this report, 74.18% of CVB Financial's stock is held by various hedge funds and institutional investors.

Current Trading Status of CVB Financial

On Thursday, shares of CVB Financial opened at $20.90. The firm has recorded a 50-day moving average price of $21.65 and a 200-day moving average price of $19.91. CVB Financial Corp has a market capitalization of $2.92 billion, with a price-to-earnings (P/E) ratio of 14.51 and a beta of 0.50. Over the past year, CVB Financial's stock has hit a low of $15.71 and a high of $24.58.

In its latest quarterly financial results released on January 22nd, CVB Financial reported earnings per share (EPS) of $0.36, surpassing analysts' consensus estimate of $0.34 by $0.02. As for its net margin, it stands at 29.32%, with a return on equity of 9.35%. Expectations for the current year suggest that CVB Financial is likely to report an EPS of 1.43.

Dividend Announcement by CVB Financial

CVB Financial has recently announced a quarterly dividend that was paid out on January 15th. This dividend, amounting to $0.20 per share, was distributed to shareholders on record as of December 31st. The ex-dividend date was also December 31st. This translates to an annualized dividend of $0.80, providing a yield of 3.83%. Currently, the company's dividend payout ratio (DPR) is noted to be 55.56%.

Analysts' New Price Targets for CVB Financial

Several research firms have provided updates regarding CVB Financial's stock price targets. Piper Sandler recently reduced its target price from $25.00 to $23.00, designating a rating of "overweight" on the stock. Similarly, Stephens also lowered its price objective to $23.00, maintaining an "equal weight" rating. Wedbush reiterated a "neutral" rating with a target price of $20.00 for the shares.

On the positive side, Keefe, Bruyette & Woods raised their price target from $23.00 to $27.00 while awarding an "outperform" rating for the stock. Currently, four analysts have assigned a hold rating while two others recommend buying the stock. According to data from MarketBeat, CVB Financial has an average consensus rating of "Hold" and an average price target of $22.20.

Overview of CVB Financial

CVB Financial Corp. operates as a bank holding company overseeing Citizens Business Bank, which is a state-chartered bank focusing on providing banking and financial services to small and mid-sized businesses and individuals. The bank offers various products including checking, savings, money market, and time certificates of deposit for both business and personal accounts and serves as a federal tax depository for business clients.

investment, financial, dividends, stocks, earnings