First Trust Advisors LP increased its position in shares of CVB Financial Corp. (NASDAQ:CVBF) by 45.4% during the second quarter, Holdings Channel reports. The firm owned 148,078 shares of the financial services provider’s stock after buying an additional 46,211 shares during the period. First Trust Advisors LP owned 0.14% of CVB Financial Corp. worth $2,427,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CVBF. Goldman Sachs Group Inc. boosted its stake in shares of CVB Financial Corp. by 11.1% in the first quarter. Goldman Sachs Group Inc. now owns 3,533,379 shares of the financial services provider’s stock valued at $61,657,000 after buying an additional 352,730 shares during the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of CVB Financial Corp. by 2.8% in the first quarter. Silvercrest Asset Management Group LLC now owns 3,019,317 shares of the financial services provider’s stock valued at $52,687,000 after buying an additional 83,270 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of CVB Financial Corp. by 1.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,583,867 shares of the financial services provider’s stock valued at $45,088,000 after buying an additional 47,590 shares during the period. Bank of New York Mellon Corp raised its position in shares of CVB Financial Corp. by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 2,425,306 shares of the financial services provider’s stock valued at $39,752,000 after buying an additional 24,449 shares during the period. Finally, Loomis Sayles & Co. L P raised its position in shares of CVB Financial Corp. by 1.6% in the first quarter. Loomis Sayles & Co. L P now owns 998,305 shares of the financial services provider’s stock valued at $17,420,000 after buying an additional 16,188 shares during the period. Hedge funds and other institutional investors own 65.42% of the company’s stock.

Shares of CVB Financial Corp. (NASDAQ:CVBF) traded up 0.76% during trading on Wednesday, hitting $17.25. The stock had a trading volume of 340,014 shares. CVB Financial Corp. has a one year low of $14.02 and a one year high of $18.77. The stock has a 50 day moving average price of $17.17 and a 200-day moving average price of $16.96. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 17.62 and a beta of 1.57.

CVB Financial Corp. (NASDAQ:CVBF) last announced its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.01. CVB Financial Corp. had a net margin of 34.99% and a return on equity of 11.07%. During the same period last year, the firm earned $0.25 earnings per share. On average, equities research analysts predict that CVB Financial Corp. will post $0.94 earnings per share for the current year.

CVBF has been the topic of several research reports. Zacks Investment Research lowered CVB Financial Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 28th. Hovde Group initiated coverage on CVB Financial Corp. in a research note on Wednesday, June 22nd. They set a “market perform” rating and a $17.00 price target on the stock.

In other CVB Financial Corp. news, CEO Christopher D. Myers sold 25,000 shares of CVB Financial Corp. stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $17.00, for a total value of $425,000.00. Following the completion of the transaction, the chief executive officer now directly owns 355,052 shares of the company’s stock, valued at approximately $6,035,884. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David A. Brager sold 8,000 shares of CVB Financial Corp. stock in a transaction on Monday, August 15th. The shares were sold at an average price of $17.08, for a total value of $136,640.00. Following the completion of the transaction, the executive vice president now directly owns 25,113 shares of the company’s stock, valued at $428,930.04. The disclosure for this sale can be found here. 7.80% of the stock is owned by company insiders.

About CVB Financial Corp.

CVB Financial Corp. is the bank holding company for Citizens Business Bank (the Bank). The Bank’s segments include Business Financial and Commercial Banking Centers (Centers), Treasury and Others. The Company’s all administrative and other smaller operating departments are combined into the Other segment.

5 Day Chart for NASDAQ:CVBF

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