Insider Buying: Central Valley Community Bancorp (NASDAQ:CVCY) EVP Purchases 750 Shares of Stock

Central Valley Community Bancorp (NASDAQ:CVCYGet Rating) EVP Patrick A. Luis acquired 750 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was purchased at an average cost of $19.40 per share, for a total transaction of $14,550.00. Following the acquisition, the executive vice president now owns 13,108 shares in the company, valued at $254,295.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ CVCY traded up $0.11 during trading on Monday, reaching $19.42. The company’s stock had a trading volume of 537 shares, compared to its average volume of 38,285. Central Valley Community Bancorp has a 1-year low of $18.43 and a 1-year high of $23.99. The stock has a market capitalization of $228.57 million, a PE ratio of 8.70 and a beta of 0.67. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $22.44 and a 200-day moving average price of $22.05.

Central Valley Community Bancorp (NASDAQ:CVCYGet Rating) last announced its earnings results on Wednesday, April 20th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. Central Valley Community Bancorp had a net margin of 32.53% and a return on equity of 10.87%. As a group, analysts expect that Central Valley Community Bancorp will post 2.11 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 20th. Stockholders of record on Friday, May 6th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $0.48 annualized dividend and a dividend yield of 2.47%. Central Valley Community Bancorp’s dividend payout ratio is presently 21.62%.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Thursday, March 31st. StockNews.com cut shares of Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a report on Monday, April 25th.

Large investors have recently modified their holdings of the company. Barclays PLC lifted its position in Central Valley Community Bancorp by 44.4% during the 3rd quarter. Barclays PLC now owns 1,747 shares of the financial services provider’s stock worth $38,000 after buying an additional 537 shares in the last quarter. UBS Group AG bought a new stake in Central Valley Community Bancorp during the 3rd quarter worth about $45,000. Royal Bank of Canada raised its holdings in Central Valley Community Bancorp by 19.6% during the 2nd quarter. Royal Bank of Canada now owns 9,059 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 1,482 shares during the last quarter. Institute for Wealth Management LLC. bought a new stake in shares of Central Valley Community Bancorp in the 1st quarter valued at about $215,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Central Valley Community Bancorp by 26.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 11,415 shares of the financial services provider’s stock valued at $244,000 after acquiring an additional 2,400 shares during the last quarter. Institutional investors own 48.93% of the company’s stock.

Central Valley Community Bancorp Company Profile (Get Rating)

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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Insider Buying and Selling by Quarter for Central Valley Community Bancorp (NASDAQ:CVCY)

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