BlackRock Fund Advisors has recently announced that it has increased stake in CVB Financial Corp. (NASDAQ:CVBF) by 2.82%. After grabbing 19.28 million shares, the institutional investor is now in possession of 0.53 million shares of the Financial Company. The new investment brought the stake of investor firm to 13.82% having worth around $288.61 million. Moreover, The Vanguard Group, Inc. increased its share by 0.44 million to have a control over 15.7 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.36 million shares by acquiring 6.22 million shares or 4.46% of the stake.
CVB Financial Corp. (CVBF) concluded trading on 05/25/23 at a closing price of $12.32, with 1.46 million shares of worth about $17.95 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -56.68% during that period and on Thursday the price saw a loss of about -0.40%. Currently the company’s common shares owned by public are about 138.59M shares, out of which, 132.32M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 56 times over the past 12 months. They bought 160,733 shares in 20 of the transactions. In 36 selling transactions, insiders dumped 86,215 shares.
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market ETF, and Neuberger Berman Genesis Fund are the top 3 mutual funds which are holding stakes in CVB Financial Corp. iShares Core S&P Small Cap ETF is currently holding 9.58 million shares of worth totaling $143.41 million. The company recently came buying 0.0 shares which brought its stake up to 6.87% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 2281.0 shares, after which its hold over company’s outstanding shares expand to 3.01%, leaving 4.19 million shares with the mutual fund that have a worth of about $62.77 million. Neuberger Berman Genesis Fund, after buying 3.6 million shares, have now control over 2.58% of the stake in the company. It holds 0.13 million shares of worth $53.86 million.
CVB Financial Corp. (NASDAQ: CVBF) started trading at $12.84, above $0.47 from concluding price of the previous day. However, the stock later moved at a day high price of 12.84, or with a loss of -0.40%. Stock saw a price change of 3.36% in past 5 days and over the past one month there was a price change of -17.09%. Year-to-date (YTD), CVBF shares are showing a performance of -52.16% which decreased to -49.13% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.66 but also hit the highest price of $29.25 during that period. The average intraday trading volume for CVB Financial Corp. shares is 1.56 million. The stock is currently trading -0.40% below its 20-day simple moving average (SMA20), while that difference is down -17.27% for SMA50 and it goes to -47.00% lower than SMA200.
BlackRock Fund Advisors acquired 19.28 million shares of CVB Financial Corp. having value of about $288.61 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.53 million shares in the company valued at close to $6507054.4, or have control over 2.82% stake in the company. CVB Financial Corp. (NASDAQ: CVBF) currently have 138.59M outstanding shares and institutions hold larger chunk of about 74.20% of that. Holding of mutual funds in the company is about 27.31% while other institutional holders and individual stake holders have control over 49.03% and 10.24% of the stake respectively.
The stock has a current market capitalization of $1.78B and its 3Y-monthly beta is at 0.37. PE ratio of stock for trailing 12 months is 6.89, while it has posted earnings per share of $1.79 in the same period. Its PEG reads 0.69 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CVBF, volatility over the week remained 5.39% while standing at 5.48% over the month.
Analysts are in expectations that CVB Financial Corp. (CVBF) stock would likely to be making an EPS of $0.39 in the current quarter, while forecast for next quarter EPS is $0.4 and it is $1.63 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.37 which is $0.4 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.42 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 7.20% while it is estimated to increase by 2.06% in next year. EPS is likely to grow at an annualized rate of 10.00% for next 5-years, compared to annual growth of 9.40% made by the stock over the past 5-years.
