Clifford Capital Partners LLC Buys 648,229 Shares of CVB Financial Corporation $CVBF

Clifford Capital Partners LLC grew its stake in shares of CVB Financial Corporation (NASDAQ:CVBF) by 3,800.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 665,285 shares of the financial services provider’s stock after purchasing an additional 648,229 shares during the period. CVB Financial makes up 2.2% of Clifford Capital Partners LLC’s investment portfolio, making the stock its 28th largest holding. Clifford Capital Partners LLC owned approximately 0.49% of CVB Financial worth $12,581,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Salomon & Ludwin LLC bought a new stake in CVB Financial during the 3rd quarter valued at about $25,000. Hantz Financial Services Inc. increased its position in shares of CVB Financial by 394.6% during the third quarter. Hantz Financial Services Inc. now owns 3,497 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 2,790 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in CVB Financial by 26.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 4,039 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 854 shares during the last quarter. Osterweis Capital Management Inc. purchased a new position in CVB Financial in the 2nd quarter worth approximately $103,000. Finally, GAMMA Investing LLC lifted its position in CVB Financial by 10.7% in the 3rd quarter. GAMMA Investing LLC now owns 6,384 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 619 shares in the last quarter. 74.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CVBF has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of CVB Financial in a report on Monday, December 29th. Wall Street Zen cut CVB Financial from a “hold” rating to a “sell” rating in a research report on Sunday, December 14th. Finally, DA Davidson boosted their target price on CVB Financial from $21.00 to $22.50 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, CVB Financial presently has a consensus rating of “Moderate Buy” and an average target price of $24.17.

CVB Financial Trading Down 0.4%

Shares of CVB Financial stock opened at $18.79 on Friday. The company’s fifty day simple moving average is $19.86 and its 200-day simple moving average is $19.52. CVB Financial Corporation has a 1-year low of $16.01 and a 1-year high of $21.48. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $2.55 billion, a PE ratio of 12.53 and a beta of 0.67.

CVB Financial (NASDAQ:CVBF) last posted its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $133.85 million for the quarter, compared to the consensus estimate of $135.45 million. CVB Financial had a return on equity of 9.25% and a net margin of 32.28%.During the same quarter last year, the company earned $0.36 earnings per share. As a group, equities analysts anticipate that CVB Financial Corporation will post 1.41 earnings per share for the current year.

CVB Financial Profile

CVB Financial Corp is the bank holding company for Citizens Business Bank, a California-based commercial bank whose operations trace back to 1974. Headquartered in Ontario, California, the company provides a broad range of banking and financial services through its community-focused branch network. As a publicly traded company on the NASDAQ under the symbol CVBF, CVB Financial oversees strategic planning, corporate governance and long-term growth initiatives for its subsidiary.

The company’s core business activities include commercial lending, real estate financing, equipment leasing and Small Business Administration (SBA) loan programs.