CVB Financial Corp. (CVBF) Shares Sold by Neuburgh Advisers LLC

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Neuburgh Advisers LLC decreased its position in CVB Financial Corp. (NASDAQ:CVBF) by 32.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,416 shares of the financial services provider’s stock after selling 4,896 shares during the period. Neuburgh Advisers LLC’s holdings in CVB Financial were worth $234,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of CVB Financial by 8.6% in the 2nd quarter. BlackRock Inc. now owns 14,463,980 shares of the financial services provider’s stock valued at $324,282,000 after buying an additional 1,139,617 shares during the period. Dimensional Fund Advisors LP lifted its position in CVB Financial by 6.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,496,914 shares of the financial services provider’s stock valued at $78,402,000 after acquiring an additional 215,461 shares in the last quarter. Northern Trust Corp lifted its position in CVB Financial by 0.4% in the 1st quarter. Northern Trust Corp now owns 2,327,242 shares of the financial services provider’s stock valued at $52,688,000 after acquiring an additional 9,938 shares in the last quarter. Principal Financial Group Inc. lifted its position in CVB Financial by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 796,250 shares of the financial services provider’s stock valued at $18,027,000 after acquiring an additional 18,837 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in CVB Financial by 20.4% in the 1st quarter. JPMorgan Chase & Co. now owns 744,253 shares of the financial services provider’s stock valued at $16,850,000 after acquiring an additional 126,002 shares in the last quarter. 70.40% of the stock is owned by institutional investors.

CVBF opened at $24.00 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02. CVB Financial Corp. has a 12 month low of $19.58 and a 12 month high of $25.49. The firm has a market capitalization of $2.65 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.95 and a beta of 1.38.

CVB Financial (NASDAQ:CVBF) last issued its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. CVB Financial had a net margin of 34.66% and a return on equity of 12.20%. The firm had revenue of $82.38 million for the quarter, compared to analysts’ expectations of $81.70 million. During the same period in the previous year, the firm posted $0.26 EPS. equities analysts forecast that CVB Financial Corp. will post 1.3 EPS for the current year.

Several equities research analysts recently commented on CVBF shares. BidaskClub raised shares of CVB Financial from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Wedbush reaffirmed a “neutral” rating on shares of CVB Financial in a research report on Monday, July 16th. Piper Jaffray Companies set a $25.00 price objective on shares of CVB Financial and gave the company a “hold” rating in a research report on Monday, July 30th. Hovde Group set a $25.00 price objective on shares of CVB Financial and gave the company a “hold” rating in a research report on Monday, July 23rd. Finally, Sandler O’Neill reaffirmed a “hold” rating and issued a $24.50 price objective on shares of CVB Financial in a research report on Friday, July 20th. Eight research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of $25.10.

About CVB Financial

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank that provides banking, lending, and investment services. It operates in two segments, Banking Centers; and Dairy & Livestock and Agribusiness. The company offers checking, savings, and money market accounts, as well as time certificates of deposit; 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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