Central Valley Community Bancorp Director Sells $33,750 in Stock (CVCY)
Central Valley Community Bancorp (NASDAQ:CVCY) Director Joseph B. Weirick sold 3,000 shares of Central Valley Community Bancorp stock on the open market in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $11.25, for a total value of $33,750.00. Following the transaction, the director now directly owns 43,265 shares in the company, valued at approximately $486,731. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Central Valley Community Bancorp (NASDAQ:CVCY) opened at 11.15 on Tuesday. Central Valley Community Bancorp has a 52-week low of $9.09 and a 52-week high of $12.82. The stock has a 50-day moving average of $11.30 and a 200-day moving average of $11.31. The company has a market cap of $121.8 million and a P/E ratio of 13.64.
Central Valley Community Bancorp (NASDAQ:CVCY) last released its earnings data on Wednesday, April 16th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.05. Analysts expect that Central Valley Community Bancorp will post $0.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Wednesday, June 11th.
Several analysts have recently commented on the stock. Analysts at FIG Partners initiated coverage on shares of Central Valley Community Bancorp in a research note on Wednesday, April 23rd. They set an “outperform” rating on the stock. Analysts at Zacks downgraded shares of Central Valley Community Bancorp from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 9th. They now have a $13.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $11.25.
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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