CVB Financial Corporation $CVBF Stock: State of Alaska Department of Revenue Decreases Stake

State of Alaska Department of Revenue cut its holdings in CVB Financial Corporation (NASDAQ:CVBF) by 44.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,036 shares of the financial services provider’s stock after selling 27,873 shares during the quarter. State of Alaska Department of Revenue’s holdings in CVB Financial were worth $757,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of CVB Financial in the 2nd quarter valued at about $579,285,000. Bank of New York Mellon Corp purchased a new stake in shares of CVB Financial in the 2nd quarter worth approximately $38,066,000. The Manufacturers Life Insurance Company purchased a new stake in shares of CVB Financial in the 2nd quarter worth approximately $29,928,000. Bank of America Corp DE bought a new position in shares of CVB Financial during the second quarter valued at approximately $20,882,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of CVB Financial by 71.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,221,437 shares of the financial services provider’s stock valued at $23,684,000 after purchasing an additional 507,228 shares in the last quarter. 74.18% of the stock is currently owned by institutional investors.

CVB Financial News Roundup

Here are the key news stories impacting CVB Financial this week:

• Positive Sentiment: CVBF reported third-quarter net income of $78.1 million, or $0.44 per diluted share, up from $48.3 million in the prior quarter and $52.6 million a year earlier. Net interest income increased to $179.1 million, while the net interest margin expanded 17 basis points sequentially to 3.89%. CVB Financial Reports Third-Quarter 2026 Net Income
• Positive Sentiment: Management’s outlook calls for approximately 13% EPS growth by 2027, supported by a full quarter of anticipated benefits from the Heritage integration. This provides investors with a forward earnings-growth catalyst beyond the current quarter. CVB Financial Targets 13% EPS Growth by 2027
• Positive Sentiment: CVB Financial repurchased $17.5 million of common stock during the quarter. Loans totaled $12.12 billion and deposits were $15.73 billion, indicating a substantial operating base following the Heritage transaction. CVB Financial Reports Third-Quarter 2026 Earnings
• Neutral Sentiment: Revenue was approximately $195.6 million, broadly in line with expectations. Management also reported a 1.48% return on average assets and 16.22% return on average tangible common equity. CVB Financial’s Q3 2026 Sales Beat Estimates
• Negative Sentiment: EPS of $0.44 was slightly below the $0.45 consensus estimate. Noninterest expense included $8.1 million in Heritage-related merger costs, and the company disclosed third-quarter charge-offs, leaving credit quality and integration expenses as risks to monitor. CVB Financial Lags Third-Quarter Earnings Estimates

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CVBF. Raymond James Financial raised shares of CVB Financial from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research note on Wednesday, July 1st. Wall Street Zen raised CVB Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Stephens upgraded CVB Financial from an “equal weight” rating to an “overweight” rating and set a $27.00 price target on the stock in a report on Thursday, August 6th. DA Davidson lifted their price target on CVB Financial from $22.50 to $25.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Piper Sandler boosted their price target on CVB Financial from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.25.

CVB Financial Trading Up 3.6%

NASDAQ:CVBF opened at $23.05 on Friday. CVB Financial Corporation has a 52 week low of $18.01 and a 52 week high of $23.41. The firm has a 50 day moving average of $22.27 and a 200 day moving average of $21.65. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 13.40 and a beta of 0.66.

CVB Financial (NASDAQ:CVBF) last released its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). The firm had revenue of $191.74 million during the quarter, compared to analysts’ expectations of $192.80 million. CVB Financial had a return on equity of 9.91% and a net margin of 29.54%. During the same period in the prior year, the firm posted $0.38 earnings per share. As a group, sell-side analysts anticipate that CVB Financial Corporation will post 1.74 earnings per share for the current fiscal year.

CVB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.5%. CVB Financial’s dividend payout ratio (DPR) is presently 55.17%.

Insider Transactions at CVB Financial

In related news, COO David Harvey sold 40,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $22.94, for a total transaction of $917,600.00. Following the transaction, the chief operating officer directly owned 98,149 shares in the company, valued at $2,251,538.06. The trade was a 28.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mike Maddox bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were acquired at an average price of $22.03 per share, for a total transaction of $220,300.00. Following the completion of the purchase, the director owned 13,138 shares in the company, valued at $289,430.14. The trade was a 318.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 6.40% of the company’s stock.

About CVB Financial

CVB Financial Corp. is a bank holding company headquartered in Ontario, California. Its principal subsidiary, Citizens Business Bank, provides banking and financial services to businesses, professionals, and individuals, with a focus on relationship-based commercial banking.

Citizens Business Bank offers business checking and savings accounts, commercial and real estate loans, lines of credit, equipment financing, treasury management, cash management, and international banking services.