Central Valley Community Bancorp (NASDAQ:CVCY) Share Price Passes Above 200-Day Moving Average of $17.98

Shares of Central Valley Community Bancorp (NASDAQ:CVCY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.98 and traded as high as $19.47. Central Valley Community Bancorp shares last traded at $19.45, with a volume of 22,756 shares.

Analyst Ratings Changes

CVCY has been the topic of a number of research analyst reports. StockNews.com raised shares of Central Valley Community Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Piper Sandler decreased their price objective on shares of Central Valley Community Bancorp from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, January 19th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Central Valley Community Bancorp has an average rating of “Moderate Buy” and a consensus price target of $20.33.

Central Valley Community Bancorp Stock Up 1.8 %

The company has a market cap of $230.09 million, a PE ratio of 8.96 and a beta of 0.84. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.34. The firm’s fifty day simple moving average is $18.81 and its 200-day simple moving average is $17.98.

Central Valley Community Bancorp (NASDAQ:CVCY) last posted its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The firm had revenue of $22.38 million during the quarter, compared to analyst estimates of $21.86 million. Central Valley Community Bancorp had a net margin of 23.39% and a return on equity of 13.47%. As a group, equities research analysts expect that Central Valley Community Bancorp will post 1.85 earnings per share for the current fiscal year.

Central Valley Community Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 19th. Stockholders of record on Friday, February 2nd were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Thursday, February 1st. Central Valley Community Bancorp’s dividend payout ratio is presently 22.12%.

Hedge Funds Weigh In On Central Valley Community Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of CVCY. Vanguard Group Inc. grew its position in shares of Central Valley Community Bancorp by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 539,327 shares of the financial services provider’s stock worth $12,054,000 after buying an additional 6,882 shares in the last quarter. Barclays PLC raised its stake in Central Valley Community Bancorp by 610.7% during the fourth quarter. Barclays PLC now owns 13,723 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 11,792 shares during the period. Nuveen Asset Management LLC lifted its holdings in Central Valley Community Bancorp by 16.3% in the fourth quarter. Nuveen Asset Management LLC now owns 14,922 shares of the financial services provider’s stock worth $334,000 after acquiring an additional 2,095 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Central Valley Community Bancorp by 5.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 94,520 shares of the financial services provider’s stock valued at $2,113,000 after purchasing an additional 5,285 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of Central Valley Community Bancorp by 18.7% during the 4th quarter. Royal Bank of Canada now owns 9,965 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 1,569 shares during the period. Institutional investors and hedge funds own 50.22% of the company’s stock.

About Central Valley Community Bancorp

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 demand, savings, and time deposits; certificates of deposit; and non-interest-bearing demand deposits, as well as provides NOW and money market accounts.