Central Valley Community Bancorp (CVCY) Rating Increased to Hold at BidaskClub

Central Valley Community Bancorp (NASDAQ:CVCY) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday.

CVCY has been the subject of a number of other reports. Sandler O’Neill set a $25.00 price objective on Central Valley Community Bancorp and gave the stock a “buy” rating in a research report on Thursday, January 4th. Zacks Investment Research raised Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Friday, October 20th. Finally, ValuEngine downgraded Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $24.00.

Central Valley Community Bancorp (NASDAQ:CVCY) traded up $0.30 during midday trading on Friday, reaching $19.75. The company’s stock had a trading volume of 35,434 shares, compared to its average volume of 36,623. The firm has a market cap of $264.16, a P/E ratio of 17.48, a P/E/G ratio of 1.71 and a beta of 0.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.67 and a current ratio of 0.67. Central Valley Community Bancorp has a 52 week low of $17.62 and a 52 week high of $23.94.

Central Valley Community Bancorp (NASDAQ:CVCY) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.07. Central Valley Community Bancorp had a return on equity of 9.97% and a net margin of 20.56%. The business had revenue of $17.51 million during the quarter, compared to the consensus estimate of $17.85 million. sell-side analysts anticipate that Central Valley Community Bancorp will post 1.43 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Central Valley Community Bancorp by 3.9% during the second quarter. Vanguard Group Inc. now owns 393,127 shares of the financial services provider’s stock worth $8,711,000 after buying an additional 14,895 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Central Valley Community Bancorp by 20.6% during the second quarter. Dimensional Fund Advisors LP now owns 140,445 shares of the financial services provider’s stock worth $3,112,000 after buying an additional 24,019 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Central Valley Community Bancorp during the second quarter worth about $290,000. FMR LLC boosted its holdings in Central Valley Community Bancorp by 257.1% in the second quarter. FMR LLC now owns 293,623 shares of the financial services provider’s stock valued at $6,507,000 after purchasing an additional 211,396 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Central Valley Community Bancorp by 11.1% in the second quarter. Northern Trust Corp now owns 104,461 shares of the financial services provider’s stock valued at $2,314,000 after purchasing an additional 10,396 shares in the last quarter. 40.78% of the stock is owned by institutional investors and hedge funds.

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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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