According to Zacks, “Central Valley Community Bank is the sole subsidiary of Central Valley Community Bancorp. The Bank operates full-service offices in Clovis, Fresno, Prather, Kerman and Sacramento, plus Real Estate Lending, SBA Lending and Agribusiness Lending Departments. Investment services are also provided by Investment Centers of America. “
Separately, Keefe, Bruyette & Woods lowered shares of Central Valley Community Bancorp from an outperform rating to a market perform rating and upped their price target for the company from $14.00 to $16.00 in a report on Friday, July 22nd.
Central Valley Community Bancorp (NASDAQ:CVCY) opened at 15.86 on Tuesday. Central Valley Community Bancorp has a 52-week low of $9.45 and a 52-week high of $16.42. The company has a 50-day moving average price of $15.47 and a 200 day moving average price of $13.71. The stock has a market cap of $175.67 million, a price-to-earnings ratio of 11.67 and a beta of 0.06.
Central Valley Community Bancorp (NASDAQ:CVCY) last posted its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.38 by $0.17. Central Valley Community Bancorp had a net margin of 28.26% and a return on equity of 10.28%. On average, analysts expect that Central Valley Community Bancorp will post $1.32 earnings per share for the current year.
In other Central Valley Community Bancorp news, Director Joseph B. Weirick sold 2,000 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $15.21, for a total value of $30,420.00. Following the completion of the transaction, the director now owns 42,765 shares in the company, valued at $650,455.65. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 21.57% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. O Shaughnessy Asset Management LLC increased its position in shares of Central Valley Community Bancorp by 1,736.6% in the second quarter. O Shaughnessy Asset Management LLC now owns 8,228 shares of the financial services provider’s stock worth $115,000 after buying an additional 7,780 shares during the period. Emerald Acquisition Ltd. purchased a new position in shares of Central Valley Community Bancorp during the second quarter worth $141,000. Acrospire Investment Management LLC purchased a new position in shares of Central Valley Community Bancorp during the second quarter worth $167,000. LSV Asset Management purchased a new position in shares of Central Valley Community Bancorp during the second quarter worth $176,000. Finally, Teachers Advisors Inc. purchased a new position in shares of Central Valley Community Bancorp during the second quarter worth $189,000. Institutional investors and hedge funds own 39.49% of the company’s stock.
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.
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