Central Valley Community Bancorp (NASDAQ:CVCY) Receives Average Rating of “Hold” from Analysts

Central Valley Community Bancorp (NASDAQ:CVCY) has received an average recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $22.00.

Several analysts recently issued reports on CVCY shares. Zacks Investment Research raised Central Valley Community Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd. Sandler O’Neill downgraded Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, September 23rd. Finally, BidaskClub downgraded Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, August 24th.

In related news, Director Robert J. Flautt sold 2,000 shares of Central Valley Community Bancorp stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $21.52, for a total transaction of $43,040.00. Following the sale, the director now owns 27,796 shares of the company’s stock, valued at approximately $598,169.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.44% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jacobs Asset Management LLC increased its stake in Central Valley Community Bancorp by 287.8% in the 2nd quarter. Jacobs Asset Management LLC now owns 139,830 shares of the financial services provider’s stock worth $3,002,000 after acquiring an additional 103,770 shares during the last quarter. Renaissance Technologies LLC increased its stake in Central Valley Community Bancorp by 22.0% in the 2nd quarter. Renaissance Technologies LLC now owns 145,592 shares of the financial services provider’s stock worth $3,126,000 after acquiring an additional 26,211 shares during the last quarter. BlackRock Inc. increased its stake in Central Valley Community Bancorp by 3.9% in the 2nd quarter. BlackRock Inc. now owns 595,153 shares of the financial services provider’s stock worth $12,779,000 after acquiring an additional 22,528 shares during the last quarter. Stifel Financial Corp increased its stake in Central Valley Community Bancorp by 93.1% in the 3rd quarter. Stifel Financial Corp now owns 32,843 shares of the financial services provider’s stock worth $667,000 after acquiring an additional 15,832 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. increased its stake in Central Valley Community Bancorp by 9.2% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 181,723 shares of the financial services provider’s stock worth $3,698,000 after acquiring an additional 15,275 shares during the last quarter. 47.82% of the stock is currently owned by institutional investors.

Shares of CVCY stock traded up $0.10 during trading hours on Friday, reaching $21.50. 33,624 shares of the company traded hands, compared to its average volume of 19,585. Central Valley Community Bancorp has a 12-month low of $15.66 and a 12-month high of $21.83. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $283.76 million, a P/E ratio of 13.96 and a beta of 0.40. The firm has a 50-day moving average price of $20.88 and a 200 day moving average price of $20.47.

Central Valley Community Bancorp (NASDAQ:CVCY) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.06. Central Valley Community Bancorp had a return on equity of 9.77% and a net margin of 27.82%. The firm had revenue of $19.93 million for the quarter, compared to analysts’ expectations of $18.05 million. Sell-side analysts predict that Central Valley Community Bancorp will post 1.59 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.05%. The ex-dividend date was Thursday, October 31st. Central Valley Community Bancorp’s dividend payout ratio (DPR) is presently 28.57%.

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 deposit products, such as savings, NOW, and money market accounts, as well as time certificates of deposit; and non-interest bearing demand deposits.

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