Bernzott Capital Bets On Regional Banking With a 415,000 Share CVB Financial (CVBF) Purchase

2 weeks ago 10

Cory Renauer, The Motley Fool

Sun, May 3, 2026 astatine 11:27 AM CDT 4 min read

What happened

According to a filing with the U.S. Securities and Exchange Commission dated April 30, 2026, Bernzott Capital Advisors initiated a caller presumption successful CVB Financial (NASDAQ:CVBF), acquiring 415,389 shares. The estimated transaction worth was $8.17 cardinal based connected the mean closing terms for the quarter. At quarter-end, the presumption was valued astatine $8.05 million, reflecting some the acquisition and changes successful the stock's price.

What other to cognize

This was a caller presumption for the fund, representing 3.86% of its 13F reportable AUM arsenic of March 31, 2026.
Top holdings aft the filing:
- NYSEMKT: VT: $14.53 cardinal (7.0% of AUM)
- NYSE: AROC: $8.68 cardinal (4.2% of AUM)
- NYSE: MP: $8.43 cardinal (4.0% of AUM)
- NYSE: VSH: $8.43 cardinal (4.0% of AUM)
- NASDAQ: CVBF: $8.05 cardinal (3.9% of AUM)
As of May 1, 2026, shares of CVB Financial were priced astatine $20.45, up 7.18% implicit the past year; the banal underperformed the S&P 500 by 19.96 percent points implicit the aforesaid period.
Trailing twelve-month gross was $653.63 million, with nett income of $208.15 cardinal and a dividend output of 3.91% arsenic of May 1, 2026.

Company overview

Metric

Value

Revenue (TTM)	$652.63 million
Net income (TTM)	$208.15 million
Dividend yield	3.91%
Price (as of marketplace adjacent May 1, 2026)	$20.45

Company snapshot

Offers commercialized and user banking products, including deposit accounts, commercialized and existent property loans, cultivation financing, and a suite of treasury absorption services.
Engages successful lending activities, work operations, and spot and wealthiness absorption done Citizens Business Bank and its CitizensTrust Division.
Serves tiny to mid-sized businesses, cultivation clients, and idiosyncratic consumers crossed aggregate counties successful California.

CVB Financial is simply a determination slope holding institution focused connected concern and idiosyncratic banking services successful California. The institution leverages a diversified indebtedness portfolio and specialized fiscal solutions to code the needs of commercialized and cultivation clients. Its established determination beingness and broad work offerings supply a competitory vantage wrong the assemblage banking sector.

What this transaction means for investors

Bernzott Capital’s portfolio is heavy weighted toward vigor and materials. The firm’s caller CVB Financial presumption is 1 of 4 caller positions it began successful the archetypal quarter. It was the boldest caller stake it made during the period.

In the archetypal quarter, CVB Financial reported nett income successful enactment with the erstwhile twelvemonth period. Thanks to banal buybacks, though, it was capable to study net that grew 5.6% twelvemonth implicit twelvemonth to $0.38 per share.

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