Central Valley Community Bancorp (NASDAQ:CVCY) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.

Separately, Zacks Investment Research cut shares of Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, January 30th.

Shares of Central Valley Community Bancorp (NASDAQ:CVCY) traded down 2.61% during mid-day trading on Friday, hitting $20.93. 25,833 shares of the stock were exchanged. The firm has a 50-day moving average price of $20.84 and a 200 day moving average price of $19.51. Central Valley Community Bancorp has a 12-month low of $12.48 and a 12-month high of $23.94. The company has a market capitalization of $255.60 million, a PE ratio of 15.29 and a beta of 0.04.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 19th. Investors of record on Friday, May 5th will be paid a $0.06 dividend. The ex-dividend date is Wednesday, May 3rd. This represents a $0.24 annualized dividend and a dividend yield of 1.12%. Central Valley Community Bancorp’s dividend payout ratio is presently 17.78%.

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Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in Central Valley Community Bancorp by 99.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 79,098 shares of the financial services provider’s stock valued at $1,579,000 after buying an additional 39,419 shares in the last quarter. Chicago Equity Partners LLC acquired a new stake in shares of Central Valley Community Bancorp during the third quarter valued at about $536,000. Martingale Asset Management L P increased its stake in shares of Central Valley Community Bancorp by 4.7% in the fourth quarter. Martingale Asset Management L P now owns 75,524 shares of the financial services provider’s stock valued at $1,508,000 after buying an additional 3,424 shares in the last quarter. Siena Capital Management LLC acquired a new stake in shares of Central Valley Community Bancorp during the fourth quarter valued at about $3,370,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Central Valley Community Bancorp during the fourth quarter valued at about $433,000. 38.94% of the stock is owned by institutional investors and hedge funds.

Central Valley Community Bancorp Company Profile

Central Valley Community Bancorp is a bank holding company, which operates through its subsidiary, Central Valley Community Bank (the Bank). The Company’s principal business is to provide, through its banking subsidiary, financial services in its primary market area in California. It serves over seven contiguous counties in California’s central valley, including Fresno County, Madera County, Merced County, Sacramento County, San Joaquin County, Stanislaus County, and Tulare County, and surrounding areas through the Bank.

5 Day Chart for NASDAQ:CVCY

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