Central Valley Community Bancorp (NASDAQ:CVCY) Stock Passes Above Two Hundred Day Moving Average of $0.00

Central Valley Community Bancorp (NASDAQ:CVCY)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $20.04. Central Valley Community Bancorp shares last traded at $20.04, with a volume of 239 shares traded.

A number of research analysts recently weighed in on the stock. BidaskClub upgraded shares of Central Valley Community Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 28th. Zacks Investment Research upgraded shares of Central Valley Community Bancorp from a “sell” rating to a “hold” rating and set a $24.00 target price on the stock in a research note on Monday, July 22nd. ValuEngine upgraded shares of Central Valley Community Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Finally, DA Davidson restated a “neutral” rating on shares of Central Valley Community Bancorp in a research note on Monday, April 22nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Central Valley Community Bancorp currently has an average rating of “Hold” and an average price target of $23.00.

The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.02. The firm’s 50 day simple moving average is $20.66. The stock has a market cap of $271.64 million, a P/E ratio of 12.81, a PEG ratio of 1.60 and a beta of 0.32.

Central Valley Community Bancorp (NASDAQ:CVCY) last released its earnings results on Wednesday, July 17th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. Central Valley Community Bancorp had a net margin of 28.57% and a return on equity of 10.01%. The company had revenue of $20.54 million for the quarter, compared to analysts’ expectations of $18.33 million. Research analysts forecast that Central Valley Community Bancorp will post 1.57 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, August 1st. Central Valley Community Bancorp’s dividend payout ratio (DPR) is 28.57%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of Central Valley Community Bancorp by 3.3% during the fourth quarter. BlackRock Inc. now owns 586,274 shares of the financial services provider’s stock valued at $11,063,000 after purchasing an additional 18,494 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Central Valley Community Bancorp by 8.7% in the fourth quarter. Bank of New York Mellon Corp now owns 83,755 shares of the financial services provider’s stock worth $1,580,000 after purchasing an additional 6,669 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Central Valley Community Bancorp by 9.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 332,983 shares of the financial services provider’s stock worth $6,283,000 after purchasing an additional 29,659 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Central Valley Community Bancorp by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 115,407 shares of the financial services provider’s stock worth $2,177,000 after purchasing an additional 6,577 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Central Valley Community Bancorp by 56.5% in the fourth quarter. Bank of America Corp DE now owns 8,529 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 3,079 shares during the last quarter. Institutional investors own 46.83% of the company’s stock.

Central Valley Community Bancorp Company Profile (NASDAQ:CVCY)

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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