Central Valley Community Bancorp (NASDAQ:CVCY) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Central Valley Community Bancorp (NASDAQ:CVCY) from a sell rating to a hold rating in a research note released on Saturday, February 10th.

CVCY has been the subject of several other reports. Sandler O’Neill set a $25.00 price target on Central Valley Community Bancorp and gave the company a buy rating in a report on Thursday, January 4th. Zacks Investment Research upgraded Central Valley Community Bancorp from a hold rating to a buy rating and set a $24.00 target price for the company in a report on Friday, October 20th. Finally, ValuEngine lowered Central Valley Community Bancorp from a buy rating to a hold rating in a report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $24.00.

Central Valley Community Bancorp (CVCY) opened at $19.64 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.67 and a quick ratio of 0.67. Central Valley Community Bancorp has a 12 month low of $17.62 and a 12 month high of $23.94. The firm has a market capitalization of $262.93, a PE ratio of 17.38, a P/E/G ratio of 1.70 and a beta of 0.06.

Central Valley Community Bancorp (NASDAQ:CVCY) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.07. The company had revenue of $17.51 million for the quarter, compared to analysts’ expectations of $17.85 million. Central Valley Community Bancorp had a return on equity of 9.97% and a net margin of 20.56%. analysts expect that Central Valley Community Bancorp will post 1.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, February 7th. This is a positive change from Central Valley Community Bancorp’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.43%. Central Valley Community Bancorp’s payout ratio is 24.78%.

Hedge funds have recently modified their holdings of the company. Rhumbline Advisers bought a new stake in shares of Central Valley Community Bancorp during the second quarter valued at approximately $229,000. Bank of New York Mellon Corp increased its position in shares of Central Valley Community Bancorp by 12.1% during the second quarter. Bank of New York Mellon Corp now owns 61,782 shares of the financial services provider’s stock valued at $1,369,000 after purchasing an additional 6,655 shares during the period. Teachers Advisors LLC increased its position in shares of Central Valley Community Bancorp by 10.4% during the second quarter. Teachers Advisors LLC now owns 16,267 shares of the financial services provider’s stock valued at $360,000 after purchasing an additional 1,533 shares during the period. TIAA CREF Investment Management LLC increased its position in shares of Central Valley Community Bancorp by 8.6% during the second quarter. TIAA CREF Investment Management LLC now owns 25,925 shares of the financial services provider’s stock valued at $574,000 after purchasing an additional 2,045 shares during the period. Finally, Ameriprise Financial Inc. bought a new stake in shares of Central Valley Community Bancorp during the second quarter valued at approximately $290,000. Institutional investors own 40.71% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Central Valley Community Bancorp (NASDAQ:CVCY) Stock Rating Upgraded by BidaskClub” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/17/central-valley-community-bancorp-cvcy-upgraded-to-hold-at-bidaskclub.html.

Central Valley Community Bancorp Company Profile

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.

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.

Leave a Reply