Insider Selling: Central Valley Community Bancorp SVP Sells 4,000 Shares of Stock (CVCY)
Central Valley Community Bancorp (NASDAQ:CVCY) SVP Thomas L. Sommer sold 4,000 shares of Central Valley Community Bancorp stock on the open market in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $11.60, for a total value of $46,400.00. Following the transaction, the senior vice president now directly owns 39,516 shares of the company’s stock, valued at approximately $458,386. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Central Valley Community Bancorp (NASDAQ:CVCY) traded up 2.25% on Wednesday, hitting $11.80. The stock had a trading volume of 6,859 shares. Central Valley Community Bancorp has a 1-year low of $8.00 and a 1-year high of $12.82. The stock has a 50-day moving average of $11.21 and a 200-day moving average of $10.44. The company has a market cap of $128.8 million and a price-to-earnings ratio of 14.99.
Central Valley Community Bancorp (NASDAQ:CVCY) last released its earnings data on Wednesday, January 29th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.02. On average, analysts predict that Central Valley Community Bancorp will post $0.75 earnings per share for the current fiscal year.
Separately, analysts at Zacks downgraded shares of Central Valley Community Bancorp from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 18th. They now have a $12.30 price target on the stock.
Central Valley Community Bancorp is a bank holding company that operates through its wholly owned subsidiary, Central Valley Community Bank (NASDAQ:CVCY).
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