CVB Financial Corp. (NASDAQ:CVBF) Short Interest Down 12.6% in February

CVB Financial Corp. (NASDAQ:CVBF) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 3,040,000 shares, a decrease of 12.6% from the January 31st total of 3,480,000 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average trading volume of 805,100 shares, the days-to-cover ratio is currently 3.8 days.

CVB Financial Trading Down 0.7 %

Shares of NASDAQ:CVBF traded down $0.14 during trading on Thursday, hitting $19.28. 362,604 shares of the company were exchanged, compared to its average volume of 743,507. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 13.38 and a beta of 0.50. CVB Financial has a fifty-two week low of $15.71 and a fifty-two week high of $24.58. The firm has a fifty day moving average price of $20.54 and a two-hundred day moving average price of $20.21.

CVB Financial (NASDAQ:CVBF) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. CVB Financial had a return on equity of 9.35% and a net margin of 29.32%. As a group, research analysts predict that CVB Financial will post 1.41 EPS for the current year.

CVB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.15%. The ex-dividend date was Tuesday, December 31st. CVB Financial’s payout ratio is 55.56%.

Hedge Funds Weigh In On CVB Financial

A number of large investors have recently made changes to their positions in CVBF. Allspring Global Investments Holdings LLC bought a new position in CVB Financial during the third quarter worth about $27,000. Nomura Asset Management Co. Ltd. grew its position in CVB Financial by 80.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,620 shares of the financial services provider’s stock worth $35,000 after buying an additional 720 shares in the last quarter. Hopwood Financial Services Inc. bought a new position in CVB Financial during the 4th quarter worth $53,000. Sterling Capital Management LLC grew its holdings in shares of CVB Financial by 815.6% during the 4th quarter. Sterling Capital Management LLC now owns 4,175 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 3,719 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in CVB Financial by 144.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,389 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 2,597 shares in the last quarter. Institutional investors own 74.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Stephens dropped their price target on CVB Financial from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Monday, January 27th. Keefe, Bruyette & Woods boosted their price target on CVB Financial from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $22.20.

About CVB Financial

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.