Central Valley Community Bancorp Upgraded to “Outperform” by Zacks (CVCY)
Central Valley Community Bancorp (NASDAQ:CVCY) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Monday, Analyst Ratings News reports. The firm currently has a $13.00 target price on the stock. Zacks‘ price target indicates a potential upside of 16.59% from the company’s current price.
In other Central Valley Community Bancorp news, SVP Thomas L. Sommer sold 4,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $11.60, for a total transaction of $46,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Central Valley Community Bancorp (NASDAQ:CVCY) traded up 0.47% during mid-day trading on Monday, hitting $11.15. The stock had a trading volume of 41,324 shares. Central Valley Community Bancorp has a one year low of $8.00 and a one year high of $12.82. The stock’s 50-day moving average is $11.28 and its 200-day moving average is $10.46. The company has a market cap of $121.7 million and a price-to-earnings ratio of 14.41.
Central Valley Community Bancorp (NASDAQ:CVCY) last released its earnings data on Wednesday, January 29th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.21 by $0.02. Analysts expect that Central Valley Community Bancorp will post $0.77 EPS for the current fiscal year.
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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