Great West Life Assurance Co. Can reduced its holdings in CVB Financial Corporation (NASDAQ:CVBF) by 7.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 137,689 shares of the financial services provider’s stock after selling 10,396 shares during the quarter. Great West Life Assurance Co. Can owned about 0.12% of CVB Financial worth $3,282,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of CVB Financial by 3.9% during the second quarter. Vanguard Group Inc. now owns 9,771,495 shares of the financial services provider’s stock valued at $219,175,000 after purchasing an additional 365,996 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of CVB Financial by 7.8% during the second quarter. Goldman Sachs Group Inc. now owns 3,778,792 shares of the financial services provider’s stock valued at $84,759,000 after purchasing an additional 274,617 shares in the last quarter. Northern Trust Corp boosted its position in shares of CVB Financial by 3.3% during the second quarter. Northern Trust Corp now owns 2,361,525 shares of the financial services provider’s stock valued at $52,969,000 after purchasing an additional 76,345 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of CVB Financial by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 2,356,634 shares of the financial services provider’s stock valued at $52,860,000 after purchasing an additional 63,017 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of CVB Financial by 2.5% during the second quarter. Principal Financial Group Inc. now owns 798,079 shares of the financial services provider’s stock valued at $17,901,000 after purchasing an additional 19,537 shares in the last quarter. Hedge funds and other institutional investors own 69.37% of the company’s stock.

Several equities research analysts have commented on the company. Zacks Investment Research downgraded CVB Financial from a “buy” rating to a “hold” rating in a report on Monday, December 4th. ValuEngine downgraded CVB Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Piper Jaffray Companies reissued a “hold” rating on shares of CVB Financial in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. CVB Financial presently has a consensus rating of “Hold” and an average price target of $23.20.

CVB Financial Corporation (NASDAQ:CVBF) opened at $23.74 on Tuesday. CVB Financial Corporation has a one year low of $19.58 and a one year high of $25.49. 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 firm has a market capitalization of $2,629.44, a price-to-earnings ratio of 22.95, a PEG ratio of 2.36 and a beta of 1.50.

CVB Financial (NASDAQ:CVBF) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. CVB Financial had a return on equity of 10.89% and a net margin of 35.60%. The firm had revenue of $81.78 million during the quarter, compared to analysts’ expectations of $81.78 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. research analysts expect that CVB Financial Corporation will post 1.06 EPS for the current fiscal year.

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CVB Financial Profile

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.

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

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