5 Best Performing Bank Stocks in 2022

2. CVB Financial Corp. (NASDAQ:CVBF)

Number of Hedge Fund Holders: 16

YTD Share Price Gain as of December 28: 21.46%

CVB Financial Corp. (NASDAQ:CVBF) is a California-based 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. On December 14,CVB Financial Corp. (NASDAQ:CVBF) declared a quarterly dividend per share of $0.20, in line with previous. The dividend is payable on January 13, 2023 to shareholders of record on December 29. The dividend yield on December 28 came in at 3.08%. CVB Financial Corp. (NASDAQ:CVBF) is one of the best performing bank stocks in 2022. 

On October 21, Keefe Bruyette analyst Kelly Motta downgraded CVB Financial Corp. (NASDAQ:CVBF) to Market Perform from Outperform with an unchanged price target of $32. The analyst cited valuation for the downgrade following the run in the stock year-to-date. 

According to Insider Monkey’s Q3 data, 16 hedge funds were long CVB Financial Corp. (NASDAQ:CVBF), compared to 10 funds in the last quarter. Ryan Tolkin’s Schonfeld Strategic Advisors is the biggest stakeholder of the company, with 1.24 million shares worth $31.40 million.  

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