Central Valley Community Bancorp (CVCY) Given a $25.00 Price Target by Sandler O’Neill Analysts

Central Valley Community Bancorp (NASDAQ:CVCY) has been assigned a $25.00 price target by investment analysts at Sandler O’Neill in a report issued on Thursday. The firm currently has a “buy” rating on the financial services provider’s stock. Sandler O’Neill’s price target would indicate a potential upside of 23.82% from the stock’s current price.

Separately, Zacks Investment Research raised Central Valley Community Bancorp from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research note on Monday, January 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $24.00.

Shares of Central Valley Community Bancorp (NASDAQ:CVCY) opened at $20.19 on Thursday. Central Valley Community Bancorp has a 52 week low of $17.62 and a 52 week high of $23.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $274.21, a P/E ratio of 15.30, a P/E/G ratio of 1.82 and a beta of 0.24.

Central Valley Community Bancorp (NASDAQ:CVCY) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. Central Valley Community Bancorp had a return on equity of 9.41% and a net margin of 24.80%. The business had revenue of $16.13 million during the quarter, compared to analysts’ expectations of $16.60 million. analysts anticipate that Central Valley Community Bancorp will post 1.26 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Kennedy Capital Management Inc. grew its stake in shares of Central Valley Community Bancorp by 1.0% during the 2nd quarter. Kennedy Capital Management Inc. now owns 75,163 shares of the financial services provider’s stock worth $1,666,000 after acquiring an additional 732 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Central Valley Community Bancorp by 10.4% during the 2nd quarter. Teachers Advisors LLC now owns 16,267 shares of the financial services provider’s stock worth $360,000 after acquiring an additional 1,533 shares in the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Central Valley Community Bancorp by 3.9% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 51,063 shares of the financial services provider’s stock worth $1,130,000 after acquiring an additional 1,900 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Central Valley Community Bancorp by 8.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 25,925 shares of the financial services provider’s stock worth $574,000 after acquiring an additional 2,045 shares in the last quarter. Finally, Nationwide Fund Advisors grew its stake in shares of Central Valley Community Bancorp by 8.5% during the 2nd quarter. Nationwide Fund Advisors now owns 26,739 shares of the financial services provider’s stock worth $593,000 after acquiring an additional 2,100 shares in the last quarter. 40.73% of the stock is owned by institutional investors.

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About Central Valley Community Bancorp

Central Valley Community Bancorp is a bank holding company, which operates through its subsidiary, Central Valley Community Bank (the Bank). The Company’s principal business is to provide, through its banking subsidiary, financial services in its primary market area in California. It serves over seven contiguous counties in California’s central valley, including Fresno County, Madera County, Merced County, Sacramento County, San Joaquin County, Stanislaus County, and Tulare County, and surrounding areas through the Bank.

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