Central Valley Community Bancorp (NASDAQ:CVCY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.

According to Zacks, “Central Valley Community Bank is the sole subsidiary of Central Valley Community Bancorp. The Bank operates full-service offices in Clovis, Fresno, Prather, Kerman and Sacramento, plus Real Estate Lending, SBA Lending and Agribusiness Lending Departments. Investment services are also provided by Investment Centers of America. “

Several other equities research analysts have also issued reports on the company. BidaskClub lowered Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. ValuEngine raised Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Finally, FIG Partners reaffirmed a “market perform” rating and issued a $24.00 price objective (up from $23.00) on shares of Central Valley Community Bancorp in a research note on Sunday, July 23rd.

Central Valley Community Bancorp (CVCY) traded down 1.65% during trading on Monday, reaching $20.91. 31,693 shares of the company’s stock were exchanged. Central Valley Community Bancorp has a 12 month low of $13.75 and a 12 month high of $23.94. The firm’s 50-day moving average price is $20.81 and its 200-day moving average price is $21.13. The firm has a market cap of $255.33 million, a price-to-earnings ratio of 16.89 and a beta of 0.23.

Central Valley Community Bancorp (NASDAQ:CVCY) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. The business had revenue of $16.13 million during the quarter, compared to analyst estimates of $16.60 million. Central Valley Community Bancorp had a return on equity of 9.56% and a net margin of 24.80%. On average, equities research analysts anticipate that Central Valley Community Bancorp will post $1.29 EPS for the current year.

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In other news, insider Lydia E. Shaw sold 1,500 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $19.98, for a total value of $29,970.00. Following the sale, the insider now directly owns 18,500 shares in the company, valued at $369,630. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Daniel J. Doyle sold 6,600 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $19.56, for a total value of $129,096.00. Following the completion of the sale, the director now owns 79,000 shares in the company, valued at $1,545,240. The disclosure for this sale can be found here. 21.57% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. American International Group Inc. raised its holdings in shares of 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 period. Systematic Financial Management LP raised its holdings in shares of Central Valley Community Bancorp by 136.6% in the second quarter. Systematic Financial Management LP now owns 8,400 shares of the financial services provider’s stock worth $186,000 after buying an additional 4,850 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Central Valley Community Bancorp by 37.6% in the second quarter. The Manufacturers Life Insurance Company now owns 10,140 shares of the financial services provider’s stock worth $225,000 after buying an additional 2,770 shares during the period. Rhumbline Advisers purchased a new stake in shares of Central Valley Community Bancorp in the second quarter worth approximately $229,000. Finally, AXA purchased a new stake in shares of Central Valley Community Bancorp in the first quarter worth approximately $215,000. Hedge funds and other institutional investors own 39.75% of the company’s stock.

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.

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