Central Valley Community Bancorp (NASDAQ:CVCY) Share Price Passes Above 200-Day Moving Average of $20.81

Shares of Central Valley Community Bancorp (NASDAQ:CVCY – Get Rating) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $20.81 and traded as high as $23.00. Central Valley Community Bancorp shares last traded at $20.73, with a volume of 56,426 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. StockNews.com lowered Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, November 26th. DA Davidson restated a “buy” rating on shares of Central Valley Community Bancorp in a research report on Monday, January 30th.

Central Valley Community Bancorp Stock Up 1.7 %

The company’s fifty day simple moving average is $23.89 and its 200 day simple moving average is $20.81. The firm has a market capitalization of $243.68 million, a PE ratio of 9.13 and a beta of 0.82. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.40.

Central Valley Community Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Friday, February 10th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Thursday, February 9th. Central Valley Community Bancorp’s payout ratio is 21.15%.

Institutional Investors Weigh In On Central Valley Community Bancorp

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in Central Valley Community Bancorp by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 597,497 shares of the financial services provider’s stock worth $12,656,000 after purchasing an additional 2,855 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Central Valley Community Bancorp by 0.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 518,735 shares of the financial services provider’s stock valued at $9,187,000 after purchasing an additional 4,319 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Central Valley Community Bancorp by 13.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 517,755 shares of the financial services provider’s stock valued at $12,090,000 after purchasing an additional 62,242 shares in the last quarter. Vanguard Group Inc. raised its position in Central Valley Community Bancorp by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 466,871 shares of the financial services provider’s stock valued at $10,901,000 after purchasing an additional 19,097 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its position in Central Valley Community Bancorp by 4.4% during the 2nd quarter. Kennedy Capital Management Inc. now owns 260,649 shares of the financial services provider’s stock valued at $3,779,000 after purchasing an additional 10,889 shares in the last quarter. Institutional investors own 46.23% of the company’s stock.

About Central Valley Community Bancorp

(Get Rating)

Central Valley Community Bancorp is a bank holding company, which engages in the provision of business and personal banking, and wealth management services. It operates through the following portfolio: commercial, real estate, and consumer. The commercial portfolio includes commercial and industrial loans, and agricultural production.