BlackRock Inc. Has $11.81 Million Position in Central Valley Community Bancorp (CVCY)

BlackRock Inc. increased its stake in shares of Central Valley Community Bancorp (NASDAQ:CVCY) by 20.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 558,245 shares of the financial services provider’s stock after acquiring an additional 96,373 shares during the period. BlackRock Inc. owned about 4.06% of Central Valley Community Bancorp worth $11,813,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Strs Ohio boosted its stake in shares of Central Valley Community Bancorp by 23.4% in the second quarter. Strs Ohio now owns 13,200 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 2,500 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Central Valley Community Bancorp by 4.2% in the second quarter. Bank of New York Mellon Corp now owns 76,747 shares of the financial services provider’s stock valued at $1,624,000 after purchasing an additional 3,121 shares during the period. Rhumbline Advisers purchased a new position in shares of Central Valley Community Bancorp in the second quarter valued at approximately $235,000. Acadian Asset Management LLC boosted its stake in shares of Central Valley Community Bancorp by 112.5% in the second quarter. Acadian Asset Management LLC now owns 17,162 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 9,086 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. purchased a new position in shares of Central Valley Community Bancorp in the second quarter valued at approximately $1,383,000. Hedge funds and other institutional investors own 45.39% of the company’s stock.

Several research analysts have recently commented on CVCY shares. BidaskClub lowered shares of Central Valley Community Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, October 5th. Zacks Investment Research lowered shares of Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th.

Shares of NASDAQ:CVCY opened at $20.22 on Friday. The company has a market capitalization of $284.53 million and a P/E ratio of 14.65. Central Valley Community Bancorp has a fifty-two week low of $18.05 and a fifty-two week high of $22.34. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.73 and a current ratio of 0.73.

Central Valley Community Bancorp (NASDAQ:CVCY) last issued its earnings results on Wednesday, October 17th. The financial services provider reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.06. The firm had revenue of $18.37 million for the quarter, compared to analysts’ expectations of $17.91 million. Central Valley Community Bancorp had a net margin of 22.22% and a return on equity of 9.49%. As a group, analysts predict that Central Valley Community Bancorp will post 1.57 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Friday, November 2nd will be issued a $0.09 dividend. This is a boost from Central Valley Community Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, November 1st. This represents a $0.36 annualized dividend and a yield of 1.78%. Central Valley Community Bancorp’s dividend payout ratio (DPR) is 23.19%.

Central Valley Community Bancorp 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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Institutional Ownership by Quarter for Central Valley Community Bancorp (NASDAQ:CVCY)

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