Research analysts at StockNews.com began coverage on shares of Central Valley Community Bancorp (NASDAQ:CVCY – Get Free Report) in a report released on Saturday. The brokerage set a “hold” rating on the financial services provider’s stock.
Separately, Piper Sandler cut their price target on Central Valley Community Bancorp from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, January 19th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.33.
Get Our Latest Report on Central Valley Community Bancorp
Central Valley Community Bancorp Stock Performance
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC grew its stake in Central Valley Community Bancorp by 6.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 25,414 shares of the financial services provider’s stock worth $359,000 after buying an additional 1,593 shares during the last quarter. Simplex Trading LLC purchased a new position in Central Valley Community Bancorp during the 4th quarter worth $49,000. Bfsg LLC purchased a new position in Central Valley Community Bancorp during the 4th quarter worth $97,000. BNP Paribas Financial Markets grew its stake in Central Valley Community Bancorp by 40.2% during the 4th quarter. BNP Paribas Financial Markets now owns 16,022 shares of the financial services provider’s stock worth $358,000 after buying an additional 4,594 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Central Valley Community Bancorp during the 3rd quarter valued at about $77,000. 50.22% of the stock is currently owned by hedge funds and other institutional investors.
About Central Valley Community Bancorp
Central Valley Community Bancorp operates as the bank holding company for the Central Valley Community Bank that provides various commercial banking services to small and middle-market businesses and individuals in the central valley area of California. The company accepts demand, savings, and time deposits; certificates of deposit; and non-interest-bearing demand deposits, as well as provides NOW and money market accounts.
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