Central Valley Community Bancorp (NASDAQ:CVCY) Short Interest Update

Central Valley Community Bancorp (NASDAQ:CVCYGet Rating) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 45,800 shares, a decline of 38.0% from the April 15th total of 73,900 shares. Based on an average trading volume of 36,700 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.5% of the shares of the company are sold short.

A number of research analysts recently commented on the company. Zacks Investment Research raised Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Thursday, March 31st. StockNews.com raised Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, May 5th.

In other Central Valley Community Bancorp news, EVP Patrick A. Luis bought 1,500 shares of Central Valley Community Bancorp stock in a transaction dated Thursday, May 5th. The stock was bought at an average price of $18.38 per share, with a total value of $27,570.00. Following the completion of the transaction, the executive vice president now owns 14,608 shares in the company, valued at approximately $268,495.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders bought 5,936 shares of company stock valued at $115,391. 15.10% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Northern Trust Corp boosted its holdings in Central Valley Community Bancorp by 10.8% in the first quarter. Northern Trust Corp now owns 18,377 shares of the financial services provider’s stock valued at $430,000 after acquiring an additional 1,791 shares during the last quarter. Laurel Wealth Advisors Inc. bought a new stake in Central Valley Community Bancorp in the first quarter valued at approximately $220,000. Vanguard Group Inc. boosted its holdings in Central Valley Community Bancorp by 4.3% in the first quarter. Vanguard Group Inc. now owns 466,871 shares of the financial services provider’s stock valued at $10,901,000 after acquiring an additional 19,097 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Central Valley Community Bancorp by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 541,560 shares of the financial services provider’s stock valued at $12,645,000 after acquiring an additional 13,373 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Central Valley Community Bancorp by 3.9% in the first quarter. Acadian Asset Management LLC now owns 102,418 shares of the financial services provider’s stock valued at $2,390,000 after acquiring an additional 3,860 shares during the last quarter. Institutional investors own 48.93% of the company’s stock.

NASDAQ:CVCY opened at $17.29 on Friday. The stock has a market cap of $201.60 million, a P/E ratio of 7.79 and a beta of 0.76. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. The stock’s 50-day moving average is $21.52 and its 200-day moving average is $21.83. Central Valley Community Bancorp has a 1-year low of $16.70 and a 1-year high of $23.99.

Central Valley Community Bancorp (NASDAQ:CVCYGet Rating) last released its quarterly earnings results on Wednesday, April 20th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. Central Valley Community Bancorp had a return on equity of 11.53% and a net margin of 32.53%. As a group, equities analysts forecast that Central Valley Community Bancorp will post 2.11 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 20th. Stockholders of record on Friday, May 6th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Thursday, May 5th. Central Valley Community Bancorp’s dividend payout ratio (DPR) is currently 21.62%.

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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