State of Tennessee Treasury Department reduced its stake in CVB Financial Corporation (NASDAQ:CVBF) by 5.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 87,580 shares of the financial services provider’s stock after selling 5,536 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.08% of CVB Financial Corporation worth $2,117,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in shares of CVB Financial Corporation by 1.0% during the 2nd quarter. Bank of Montreal Can now owns 8,246 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 85 shares during the last quarter. Gamble Jones Investment Counsel grew its stake in shares of CVB Financial Corporation by 0.6% during the 2nd quarter. Gamble Jones Investment Counsel now owns 53,660 shares of the financial services provider’s stock worth $1,204,000 after acquiring an additional 300 shares during the period. Aperio Group LLC grew its stake in shares of CVB Financial Corporation by 1.1% during the 2nd quarter. Aperio Group LLC now owns 28,853 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 328 shares during the period. Amalgamated Bank grew its stake in shares of CVB Financial Corporation by 3.2% during the 2nd quarter. Amalgamated Bank now owns 14,125 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 438 shares during the period. Finally, Strs Ohio grew its stake in shares of CVB Financial Corporation by 12.5% during the 2nd quarter. Strs Ohio now owns 4,500 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 500 shares during the period. 68.49% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on CVBF shares. Zacks Investment Research downgraded CVB Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. ValuEngine upgraded CVB Financial Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Piper Jaffray Companies restated a “hold” rating on shares of CVB Financial Corporation in a research note on Friday, October 6th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $23.00 target price on shares of CVB Financial Corporation in a research note on Friday, August 4th. Finally, BidaskClub downgraded CVB Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.20.

CVB Financial Corporation (NASDAQ:CVBF) opened at $23.02 on Monday. CVB Financial Corporation has a 12 month low of $19.58 and a 12 month high of $25.25. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $2,535.81, a PE ratio of 22.14, a price-to-earnings-growth ratio of 2.27 and a beta of 1.52.

CVB Financial Corporation (NASDAQ:CVBF) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. CVB Financial Corporation had a return on equity of 10.89% and a net margin of 35.60%. The business had revenue of $81.78 million during the quarter, compared to the consensus estimate of $81.78 million. During the same quarter last year, the company earned $0.23 EPS. equities analysts expect that CVB Financial Corporation will post 1.07 earnings per share for the current year.

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About CVB Financial Corporation

CVB Financial Corp. (CVB) is the bank holding company for Citizens Business Bank (the Bank). The Bank operates through two segments: Business Financial and Commercial Banking Centers (Centers), and Other Operations. The Company’s administrative and other smaller operating departments are combined into the Other segment.

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

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