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

Equities research analysts at StockNews.com started coverage on shares of Central Valley Community Bancorp (NASDAQ:CVCY) in a research note issued to investors on Saturday. The firm set a “hold” rating on the financial services provider’s stock.

Separately, Piper Sandler cut their price objective on Central Valley Community Bancorp from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, January 19th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.33.

Central Valley Community Bancorp Stock Up 2.3 %

NASDAQ CVCY opened at $19.89 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $235.30 million, a PE ratio of 9.17 and a beta of 0.85. Central Valley Community Bancorp has a 1 year low of $12.59 and a 1 year high of $22.89. The business’s 50-day moving average is $18.81 and its 200 day moving average is $18.38.

Institutional Trading of Central Valley Community Bancorp

Several large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in Central Valley Community Bancorp by 32.5% during the 1st quarter. BNP Paribas Financial Markets now owns 21,232 shares of the financial services provider’s stock valued at $422,000 after acquiring an additional 5,210 shares in the last quarter. Simplex Trading LLC purchased a new position in shares of Central Valley Community Bancorp during the fourth quarter valued at approximately $49,000. Bfsg LLC purchased a new position in shares of Central Valley Community Bancorp during the fourth quarter valued at approximately $97,000. Private Management Group Inc. lifted its holdings in shares of Central Valley Community Bancorp by 1.7% during the fourth quarter. Private Management Group Inc. now owns 531,700 shares of the financial services provider’s stock valued at $11,883,000 after purchasing an additional 9,077 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Central Valley Community Bancorp during the fourth quarter valued at approximately $121,000. 50.22% of the stock is 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.