Central Valley Community Bancorp Reaches New 1-Year High at $13.90 (CVCY)
Central Valley Community Bancorp (NASDAQ:CVCY) reached a new 52-week high on Monday , Analyst Ratings Net reports. The company traded as high as $13.90 and last traded at $13.73, with a volume of 26,975 shares traded. The stock had previously closed at $12.32.
CVCY has been the subject of a number of recent research reports. Analysts at Sandler O’Neill upgraded shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $14.00 price target on the stock, up previously from $12.50. Separately, 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. Finally, 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Central Valley Community Bancorp currently has a consensus rating of “Buy” and an average target price of $12.17.
The stock has a 50-day moving average of $11.4 and a 200-day moving average of $11.43. The company has a market cap of $143.0 million and a price-to-earnings ratio of 14.84.
Central Valley Community Bancorp (NASDAQ:CVCY) last announced its earnings results on Wednesday, April 16th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the 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 1.53%. The ex-dividend date is Wednesday, June 11th.
In other Central Valley Community Bancorp news, Director Edwin S. Darden, Jr. sold 9,242 shares of the company’s stock on the open market in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $12.07, for a total transaction of $111,550.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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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