Central Valley Community Bancorp (NASDAQ:CVCY) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Monday.

A number of other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Central Valley Community Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 25th. FIG Partners restated a “market perform” rating and issued a $24.00 price objective (up previously from $23.00) on shares of Central Valley Community Bancorp in a research report on Sunday, July 23rd.

Shares of Central Valley Community Bancorp (CVCY) traded down 0.90% on Monday, hitting $20.88. 23,643 shares of the stock traded hands. Central Valley Community Bancorp has a 52 week low of $13.75 and a 52 week high of $23.94. The firm has a market cap of $254.97 million, a P/E ratio of 16.87 and a beta of 0.20. The stock has a 50-day moving average price of $22.19 and a 200 day moving average price of $21.08.

Central Valley Community Bancorp (NASDAQ:CVCY) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.10. The company had revenue of $17.88 million for the quarter, compared to analysts’ expectations of $15.85 million. Central Valley Community Bancorp had a net margin of 23.78% and a return on equity of 9.12%. Equities research analysts predict that Central Valley Community Bancorp will post $1.22 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. boosted its position in Central Valley Community Bancorp by 7.0% in the first quarter. American International Group Inc. now owns 5,382 shares of the financial services provider’s stock worth $110,000 after buying an additional 350 shares during the last quarter. Rhumbline Advisers bought a new stake in shares of Central Valley Community Bancorp during the second quarter worth $229,000. AXA bought a new stake in shares of Central Valley Community Bancorp during the first quarter worth $215,000. Oxford Asset Management bought a new stake in shares of Central Valley Community Bancorp during the first quarter worth $298,000. Finally, Teachers Advisors LLC raised its stake in shares of Central Valley Community Bancorp by 9.4% in the fourth quarter. Teachers Advisors LLC now owns 14,734 shares of the financial services provider’s stock worth $294,000 after buying an additional 1,265 shares during the last quarter. Hedge funds and other institutional investors own 41.83% of the company’s stock.

About Central Valley Community Bancorp

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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