CVB Financial Corp. (NASDAQ:CVBF) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in shares of CVB Financial Corp. (NASDAQ:CVBF) by 17.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,130 shares of the financial services provider’s stock after acquiring an additional 2,521 shares during the period. Teacher Retirement System of Texas’ holdings in CVB Financial were worth $353,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in shares of CVB Financial by 13.4% during the second quarter. Envestnet Asset Management Inc. now owns 35,926 shares of the financial services provider’s stock worth $740,000 after purchasing an additional 4,238 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of CVB Financial by 15.4% during the second quarter. Handelsbanken Fonder AB now owns 25,411 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 3,400 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of CVB Financial by 24.0% during the second quarter. Victory Capital Management Inc. now owns 235,910 shares of the financial services provider’s stock worth $4,857,000 after purchasing an additional 45,733 shares during the last quarter. Versor Investments LP bought a new position in shares of CVB Financial during the second quarter worth about $248,000. Finally, Alliancebernstein L.P. lifted its position in shares of CVB Financial by 5.1% during the second quarter. Alliancebernstein L.P. now owns 226,488 shares of the financial services provider’s stock worth $4,663,000 after purchasing an additional 10,892 shares during the last quarter. Institutional investors own 68.78% of the company’s stock.

CVBF has been the topic of several research analyst reports. Hovde Group raised shares of CVB Financial from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $22.00 to $23.00 in a research report on Thursday, August 5th. Zacks Investment Research cut shares of CVB Financial from a “buy” rating to a “hold” rating in a report on Monday, July 26th.

Shares of NASDAQ CVBF opened at $19.05 on Wednesday. The firm’s 50-day moving average price is $19.75 and its two-hundred day moving average price is $21.27. CVB Financial Corp. has a 52-week low of $15.57 and a 52-week high of $25.00. The stock has a market capitalization of $2.59 billion, a P/E ratio of 12.13 and a beta of 0.54.

CVB Financial (NASDAQ:CVBF) last issued its earnings results on Tuesday, July 20th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.03. CVB Financial had a net margin of 44.44% and a return on equity of 10.54%. The firm had revenue of $116.22 million for the quarter, compared to analysts’ expectations of $116.43 million. On average, research analysts anticipate that CVB Financial Corp. will post 1.53 earnings per share for the current year.

CVB Financial Profile

CVB Financial Corp. is a bank holding company, which engages in the provision of relationship-based banking products, services, and solutions for small to mid-sized companies, real estate investors, non-profit organizations, professionals, and other individuals through its subsidiary, Citizens Business Bank.

Featured Story: Does a trade war provide a risk to the global economy?

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

Receive News & Ratings for CVB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVB Financial and related companies with MarketBeat.com's FREE daily email newsletter.