StockNews.com Initiates Coverage on Central Valley Community Bancorp (NASDAQ:CVCY)

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

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

Central Valley Community Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 0.65 and a quick ratio of 0.65. Central Valley Community Bancorp has a 1-year low of $12.59 and a 1-year high of $22.89. The firm has a 50 day simple moving average of $18.81 and a 200 day simple moving average of $18.38. The stock has a market capitalization of $235.30 million, a price-to-earnings ratio of 9.17 and a beta of 0.85.

Institutional Investors Weigh In On Central Valley Community Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of CVCY. Simplex Trading LLC purchased a new stake in Central Valley Community Bancorp during the 4th quarter worth approximately $49,000. Allspring Global Investments Holdings LLC purchased a new stake in Central Valley Community Bancorp during the 3rd quarter worth approximately $77,000. Bfsg LLC purchased a new stake in Central Valley Community Bancorp during the 4th quarter worth approximately $97,000. SG Americas Securities LLC purchased a new stake in Central Valley Community Bancorp during the 4th quarter worth approximately $121,000. Finally, Bridgewealth Advisory Group LLC purchased a new stake in Central Valley Community Bancorp during the 3rd quarter worth approximately $173,000. 50.22% of the stock is currently owned by hedge funds and other institutional investors.

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.