EPS for CVB Financial Corp. (CVBF) Expected At $0.31; Ahl Partners Llp Has Lowered By $6.55 Million Its Progress Software (PRGS) Position

April 10, 2018 - By Darrin Black

CVB Financial Corp. (NASDAQ:CVBF) Logo

Ahl Partners Llp decreased Progress Software Corp (PRGS) stake by 46.64% reported in 2017Q4 SEC filing. Ahl Partners Llp sold 156,007 shares as Progress Software Corp (PRGS)’s stock declined 9.58%. The Ahl Partners Llp holds 178,485 shares with $7.60M value, down from 334,492 last quarter. Progress Software Corp now has $1.74B valuation. The stock decreased 0.08% or $0.03 during the last trading session, reaching $37.63. About 717,723 shares traded or 31.78% up from the average. Progress Software Corporation (NASDAQ:PRGS) has risen 36.89% since April 10, 2017 and is uptrending. It has outperformed by 25.34% the S&P500.

Analysts expect CVB Financial Corp. (NASDAQ:CVBF) to report $0.31 EPS on April, 24.They anticipate $0.05 EPS change or 19.23% from last quarter’s $0.26 EPS. CVBF’s profit would be $34.16 million giving it 17.82 P/E if the $0.31 EPS is correct. After having $0.28 EPS previously, CVB Financial Corp.’s analysts see 10.71% EPS growth. The stock decreased 0.54% or $0.12 during the last trading session, reaching $22.1. About 362,398 shares traded. CVB Financial Corp. (NASDAQ:CVBF) has risen 6.58% since April 10, 2017 and is uptrending. It has underperformed by 4.97% the S&P500.

Since March 8, 2018, it had 0 buys, and 2 selling transactions for $1.22 million activity. $477,040 worth of CVB Financial Corp. (NASDAQ:CVBF) shares were sold by Myers Christopher D.

CVB Financial Corp. operates as a bank holding firm for Citizens Business Bank that provides various banking and trust services for businesses, professionals, and individuals. The company has market cap of $2.44 billion. It operates in two divisions, Business Financial and Commercial Banking Centers, and Dairy & Livestock and Agribusiness. It has a 23.26 P/E ratio. The firm offers various deposit products, including checking, savings, money market, and time certificates of deposit for business and personal accounts, as well as serves as a federal tax depository for business customers.

Investors sentiment increased to 1.26 in 2017 Q4. Its up 0.18, from 1.08 in 2017Q3. It improved, as 17 investors sold CVB Financial Corp. shares while 37 reduced holdings. 20 funds opened positions while 48 raised stakes. 75.21 million shares or 0.01% more from 75.20 million shares in 2017Q3 were reported. Piedmont Investment Advisors Limited Liability Company stated it has 0.01% in CVB Financial Corp. (NASDAQ:CVBF). Tiaa Cref Inv Management Lc holds 0% or 255,548 shares. Louisiana State Employees Retirement Sys holds 0.05% or 44,100 shares in its portfolio. 65,222 are owned by Pub Sector Pension Board. Deutsche Commercial Bank Ag reported 257,529 shares. 8,737 were accumulated by Ameritas Prtnrs. Citadel Advsr has 0% invested in CVB Financial Corp. (NASDAQ:CVBF) for 15,162 shares. Richard Bernstein Advisors Ltd Liability Corp accumulated 188,395 shares. Royal Bancorp Of Canada invested in 0% or 30,522 shares. California Employees Retirement Sys holds 137,156 shares. First Manhattan Company stated it has 0% of its portfolio in CVB Financial Corp. (NASDAQ:CVBF). Arizona State Retirement Systems has invested 0.04% in CVB Financial Corp. (NASDAQ:CVBF). Virtu Lc reported 0.01% stake. Tiverton Asset Mngmt Limited Com invested in 0.22% or 149,806 shares. Inc has invested 0.01% in CVB Financial Corp. (NASDAQ:CVBF).

Among 7 analysts covering CVB Financial (NASDAQ:CVBF), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. CVB Financial had 19 analyst reports since July 28, 2015 according to SRatingsIntel. Hovde Group downgraded CVB Financial Corp. (NASDAQ:CVBF) on Monday, November 21 to “Underperform” rating. Piper Jaffray maintained the shares of CVBF in report on Thursday, October 5 with “Hold” rating. The firm has “Hold” rating by Piper Jaffray given on Friday, September 1. The rating was maintained by Piper Jaffray with “Hold” on Monday, July 10. The stock of CVB Financial Corp. (NASDAQ:CVBF) has “Outperform” rating given on Thursday, January 21 by FIG Partners. The company was maintained on Thursday, October 5 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained it with “Hold” rating and $25.0 target in Thursday, December 21 report. Keefe Bruyette & Woods maintained the shares of CVBF in report on Monday, July 3 with “Hold” rating. The stock of CVB Financial Corp. (NASDAQ:CVBF) has “Hold” rating given on Thursday, January 25 by Sandler O’Neill. On Wednesday, February 28 the stock rating was maintained by Hovde Group with “Hold”.

Investors sentiment decreased to 0.95 in 2017 Q4. Its down 0.19, from 1.14 in 2017Q3. It dropped, as 26 investors sold PRGS shares while 71 reduced holdings. 31 funds opened positions while 61 raised stakes. 41.24 million shares or 4.96% less from 43.39 million shares in 2017Q3 were reported. 9,401 are held by Usa Portformulas Corp. Tci Wealth stated it has 387 shares. 945,779 were reported by Northern Trust. Prudential Financial reported 0.03% stake. Millennium Ltd Liability Com, a New York-based fund reported 319,946 shares. Dupont Capital Management has 0.01% invested in Progress Software Corporation (NASDAQ:PRGS) for 12,282 shares. Moreover, Numeric Investors Ltd Liability has 0.34% invested in Progress Software Corporation (NASDAQ:PRGS). Employees Retirement Association Of Colorado owns 9,557 shares or 0% of their US portfolio. Renaissance Technologies reported 0.05% of its portfolio in Progress Software Corporation (NASDAQ:PRGS). Boston Llc reported 22,450 shares stake. Los Angeles Capital And Equity Research holds 0.01% or 63,730 shares. The Quebec – Canada-based Sector Pension Board has invested 0.01% in Progress Software Corporation (NASDAQ:PRGS). Dimensional Fund Advisors Limited Partnership holds 0.03% or 1.79 million shares in its portfolio. Great Lakes Ltd Liability, a Illinois-based fund reported 141,560 shares. Jacobs Levy Equity Management has invested 0.15% in Progress Software Corporation (NASDAQ:PRGS).

Progress Software Corporation (NASDAQ:PRGS) Institutional Positions Chart

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