Ford Financial Group Inc. Sells 9,913 Shares of Central Valley Community Bancorp (NASDAQ:CVCY)

Ford Financial Group Inc. decreased its position in Central Valley Community Bancorp (NASDAQ:CVCY) by 48.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,500 shares of the financial services provider’s stock after selling 9,913 shares during the quarter. Ford Financial Group Inc. owned approximately 0.08% of Central Valley Community Bancorp worth $227,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CVCY. Allworth Financial LP boosted its holdings in shares of Central Valley Community Bancorp by 72.1% in the 3rd quarter. Allworth Financial LP now owns 1,910 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 800 shares during the period. Valeo Financial Advisors LLC raised its position in Central Valley Community Bancorp by 103.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,957 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 996 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Central Valley Community Bancorp by 5.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 27,683 shares of the financial services provider’s stock valued at $595,000 after purchasing an additional 1,428 shares in the last quarter. Bank of New York Mellon Corp raised its position in Central Valley Community Bancorp by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 86,690 shares of the financial services provider’s stock valued at $1,862,000 after purchasing an additional 1,583 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Central Valley Community Bancorp by 9.7% during the 3rd quarter. Rhumbline Advisers now owns 18,476 shares of the financial services provider’s stock valued at $376,000 after purchasing an additional 1,628 shares in the last quarter. 47.67% of the stock is currently owned by institutional investors.

Shares of NASDAQ:CVCY traded up $0.12 on Tuesday, reaching $19.71. The company had a trading volume of 100 shares, compared to its average volume of 20,882. Central Valley Community Bancorp has a 52-week low of $18.97 and a 52-week high of $22.15. The firm’s 50 day simple moving average is $21.18 and its 200-day simple moving average is $20.70. The firm has a market capitalization of $258.29 million, a PE ratio of 12.40 and a beta of 0.41. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.02.

Central Valley Community Bancorp (NASDAQ:CVCY) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.34 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. The firm had revenue of $17.80 million for the quarter, compared to the consensus estimate of $18.05 million. Central Valley Community Bancorp had a return on equity of 9.29% and a net margin of 26.92%. As a group, equities research analysts predict that Central Valley Community Bancorp will post 1.42 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, February 6th. This represents a $0.44 annualized dividend and a yield of 2.23%. Central Valley Community Bancorp’s payout ratio is presently 27.67%.

CVCY has been the subject of a number of research analyst reports. Piper Sandler initiated coverage on Central Valley Community Bancorp in a research report on Thursday, January 23rd. They set an “overweight” rating and a $24.00 target price for the company. Zacks Investment Research lowered Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub lowered Central Valley Community Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 16th. Finally, Raymond James downgraded Central Valley Community Bancorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $23.33.

In other Central Valley Community Bancorp news, Director Robert J. Flautt sold 2,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $21.52, for a total transaction of $43,040.00. Following the sale, the director now owns 27,796 shares in the company, valued at approximately $598,169.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 15.44% of the stock is currently owned by insiders.

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 small and middle-market businesses and individuals in the central valley area of California. The company accepts deposit products, such as 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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