BidaskClub lowered shares of Central Valley Community Bancorp (NASDAQ:CVCY) from a buy rating to a hold rating in a research report report published on Wednesday.
Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Central Valley Community Bancorp from a hold rating to a sell rating in a research report on Friday, April 20th. ValuEngine downgraded shares of Central Valley Community Bancorp from a buy rating to a hold rating in a research report on Monday, April 2nd. Finally, Sandler O’Neill set a $24.00 price objective on shares of Central Valley Community Bancorp and gave the stock a buy rating in a research report on Thursday, March 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Central Valley Community Bancorp has a consensus rating of Hold and an average target price of $23.67.
NASDAQ:CVCY opened at $21.65 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.02. The stock has a market cap of $298.55 million, a PE ratio of 15.69, a price-to-earnings-growth ratio of 1.85 and a beta of 0.06. Central Valley Community Bancorp has a one year low of $18.05 and a one year high of $23.27.
Central Valley Community Bancorp (NASDAQ:CVCY) last posted its earnings results on Wednesday, April 18th. The financial services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.31 by $0.07. The company had revenue of $18.20 million during the quarter, compared to the consensus estimate of $18.20 million. Central Valley Community Bancorp had a net margin of 21.26% and a return on equity of 9.59%. equities analysts predict that Central Valley Community Bancorp will post 1.47 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 18th. Shareholders of record on Friday, May 4th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, May 3rd. Central Valley Community Bancorp’s payout ratio is 20.29%.
A number of hedge funds have recently modified their holdings of CVCY. Strs Ohio grew its position in Central Valley Community Bancorp by 232.1% in the 4th quarter. Strs Ohio now owns 9,300 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 6,500 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Central Valley Community Bancorp in the 4th quarter worth about $206,000. Alliancebernstein L.P. bought a new stake in Central Valley Community Bancorp in the 4th quarter worth about $225,000. Stone Ridge Asset Management LLC bought a new stake in Central Valley Community Bancorp in the 4th quarter worth about $234,000. Finally, Matarin Capital Management LLC bought a new stake in Central Valley Community Bancorp in the 1st quarter worth about $252,000. 44.66% of the stock is owned by institutional investors and hedge funds.
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 individuals, and small and middle market businesses. The company accepts deposit products, such as interest-bearing deposits comprising savings, NOW, and money market accounts, as well as time certificates of deposit; and non-interest bearing demand deposits.
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