Central Valley Community Bancorp (NASDAQ:CVCY) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Central Valley Community Bancorp (NASDAQ:CVCY) in a report released on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Separately, Piper Sandler decreased their price target on Central Valley Community Bancorp from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, January 19th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.33.

Central Valley Community Bancorp Stock Up 2.3 %

CVCY opened at $19.89 on Wednesday. Central Valley Community Bancorp has a fifty-two week low of $12.59 and a fifty-two week high of $22.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a fifty day moving average of $18.79 and a 200-day moving average of $18.17. The company has a market capitalization of $235.30 million, a P/E ratio of 9.17 and a beta of 0.85.

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

Hedge Funds Weigh In On Central Valley Community Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of CVCY. Allspring Global Investments Holdings LLC acquired a new stake in Central Valley Community Bancorp in the third quarter valued at about $77,000. Bridgewealth Advisory Group LLC bought a new position in shares of Central Valley Community Bancorp in the third quarter worth about $173,000. Orion Portfolio Solutions LLC boosted its stake in shares of Central Valley Community Bancorp by 6.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 25,414 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 1,593 shares in the last quarter. Private Management Group Inc. grew its holdings in shares of Central Valley Community Bancorp by 1.2% during the 3rd quarter. Private Management Group Inc. now owns 522,623 shares of the financial services provider’s stock valued at $7,374,000 after purchasing an additional 6,400 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in Central Valley Community Bancorp by 72.3% during the 2nd quarter. Captrust Financial Advisors now owns 3,313 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 1,390 shares in the last quarter. Institutional investors own 50.22% of the company’s stock.

Central Valley Community Bancorp Company Profile

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.