Central Valley Community Bancorp (NASDAQ:CVCY) Share Price Passes Above 200-Day Moving Average of $17.98

Central Valley Community Bancorp (NASDAQ:CVCYGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.98 and traded as high as $19.47. Central Valley Community Bancorp shares last traded at $19.45, with a volume of 22,756 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CVCY shares. StockNews.com raised Central Valley Community Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Piper Sandler cut their target price on Central Valley Community Bancorp from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, January 19th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.33.

View Our Latest Stock Report on CVCY

Central Valley Community Bancorp Stock Performance

The stock has a market capitalization of $230.09 million, a PE ratio of 8.96 and a beta of 0.84. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50 day moving average price of $18.81 and a 200 day moving average price of $17.98.

Central Valley Community Bancorp (NASDAQ:CVCYGet Free Report) last announced its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The business had revenue of $22.38 million for the quarter, compared to the consensus estimate of $21.86 million. Central Valley Community Bancorp had a net margin of 23.39% and a return on equity of 13.47%. As a group, equities research analysts expect that Central Valley Community Bancorp will post 1.85 earnings per share for the current year.

Central Valley Community Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 19th. Stockholders of record on Friday, February 2nd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Thursday, February 1st. Central Valley Community Bancorp’s payout ratio is currently 22.12%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CVCY. Trexquant Investment LP bought a new position in Central Valley Community Bancorp in the second quarter valued at about $319,000. Allspring Global Investments Holdings LLC bought a new position in Central Valley Community Bancorp in the third quarter valued at about $77,000. Bridgewealth Advisory Group LLC bought a new position in Central Valley Community Bancorp in the third quarter valued at about $173,000. Orion Portfolio Solutions LLC lifted its holdings in Central Valley Community Bancorp by 6.7% in the third quarter. Orion Portfolio Solutions LLC now owns 25,414 shares of the financial services provider’s stock valued at $359,000 after acquiring an additional 1,593 shares during the period. Finally, Private Management Group Inc. lifted its holdings in Central Valley Community Bancorp by 1.2% in the third quarter. Private Management Group Inc. now owns 522,623 shares of the financial services provider’s stock valued at $7,374,000 after acquiring an additional 6,400 shares during the period. 50.22% of the stock is owned by institutional investors.

Central Valley Community Bancorp Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for Central Valley Community Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Valley Community Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.