CVB Financial Corp. (NASDAQ:CVBF) Short Interest Down 12.6% in February

CVB Financial Corp. (NASDAQ:CVBF) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 3,040,000 shares, a decline of 12.6% from the January 31st total of 3,480,000 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily trading volume, of 805,100 shares, the days-to-cover ratio is currently 3.8 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Natixis Advisors LLC lifted its position in CVB Financial by 2.1% during the 3rd quarter. Natixis Advisors LLC now owns 26,583 shares of the financial services provider’s stock worth $474,000 after buying an additional 545 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in CVB Financial by 80.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,620 shares of the financial services provider’s stock worth $35,000 after buying an additional 720 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in CVB Financial by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 13,861 shares of the financial services provider’s stock worth $297,000 after buying an additional 880 shares in the last quarter. Blue Trust Inc. lifted its position in CVB Financial by 17.7% during the 4th quarter. Blue Trust Inc. now owns 6,108 shares of the financial services provider’s stock worth $131,000 after buying an additional 918 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in CVB Financial by 5.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 19,475 shares of the financial services provider’s stock worth $417,000 after buying an additional 1,054 shares in the last quarter. Institutional investors and hedge funds own 74.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CVBF shares. Stephens lowered their price target on shares of CVB Financial from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday, January 27th. Keefe, Bruyette & Woods boosted their price target on shares of CVB Financial from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $22.20.

CVB Financial Stock Performance

Shares of NASDAQ:CVBF opened at $19.36 on Friday. CVB Financial has a 52 week low of $15.71 and a 52 week high of $24.58. The company’s fifty day moving average is $20.49 and its 200-day moving average is $20.21. The company has a market capitalization of $2.70 billion, a PE ratio of 13.44 and a beta of 0.50.

CVB Financial (NASDAQ:CVBF) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. CVB Financial had a net margin of 29.32% and a return on equity of 9.35%. On average, analysts forecast that CVB Financial will post 1.41 EPS for the current year.

CVB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.80 annualized dividend and a yield of 4.13%. CVB Financial’s dividend payout ratio (DPR) is 55.56%.

About CVB Financial

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. It offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers.