Central Valley Community Bancorp (NASDAQ:CVCY) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Central Valley Community Bancorp (NASDAQ:CVCY) in a research report report published on Thursday. The firm issued a hold rating on the financial services provider’s stock.

Separately, Piper Sandler dropped their target price on Central Valley Community Bancorp from $23.00 to $22.00 and set an overweight rating for the company in a report on Friday, January 19th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Central Valley Community Bancorp currently has a consensus rating of Moderate Buy and a consensus target price of $20.33.

Central Valley Community Bancorp Price Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 0.65 and a quick ratio of 0.65. Central Valley Community Bancorp has a 1-year low of $12.59 and a 1-year high of $22.89. The company’s fifty day moving average price is $18.78 and its 200 day moving average price is $18.24. The stock has a market cap of $235.30 million, a PE ratio of 9.17 and a beta of 0.85.

Central Valley Community Bancorp (NASDAQ:CVCY) last announced its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02). The business had revenue of $22.38 million during the quarter, compared to the consensus estimate of $21.86 million. Central Valley Community Bancorp had a return on equity of 13.47% and a net margin of 23.39%. On average, analysts anticipate that Central Valley Community Bancorp will post 1.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CVCY. Vanguard Group Inc. increased its holdings in Central Valley Community Bancorp by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 539,327 shares of the financial services provider’s stock worth $12,054,000 after purchasing an additional 6,882 shares during the period. Barclays PLC increased its stake in shares of 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 valued at $307,000 after buying an additional 11,792 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of 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 valued at $334,000 after acquiring an additional 2,095 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in Central Valley Community Bancorp by 5.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 94,520 shares of the financial services provider’s stock worth $2,113,000 after acquiring an additional 5,285 shares during the period. Finally, Royal Bank of Canada grew its holdings in 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 acquiring an additional 1,569 shares in the last quarter. 50.22% of the stock is currently owned by institutional investors.

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