JPMorgan Chase & Co. grew its holdings in Central Valley Community Bancorp (NASDAQ:CVCY) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,922 shares of the financial services provider’s stock after purchasing an additional 4,221 shares during the period. JPMorgan Chase & Co. owned about 0.95% of Central Valley Community Bancorp worth $2,771,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CVCY. Systematic Financial Management LP grew its stake in shares of Central Valley Community Bancorp by 136.6% in the 2nd quarter. Systematic Financial Management LP now owns 8,400 shares of the financial services provider’s stock valued at $186,000 after buying an additional 4,850 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Central Valley Community Bancorp by 37.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,140 shares of the financial services provider’s stock valued at $225,000 after buying an additional 2,770 shares in the last quarter. Rhumbline Advisers bought a new stake in shares of Central Valley Community Bancorp in the 2nd quarter valued at approximately $229,000. PDT Partners LLC bought a new stake in shares of Central Valley Community Bancorp in the 2nd quarter valued at approximately $279,000. Finally, Ameriprise Financial Inc. bought a new stake in shares of Central Valley Community Bancorp in the 2nd quarter valued at approximately $290,000. Institutional investors own 40.73% of the company’s stock.

Several equities research analysts recently commented on CVCY shares. Zacks Investment Research raised Central Valley Community Bancorp from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a research note on Monday, January 1st. Sandler O’Neill set a $25.00 price target on Central Valley Community Bancorp and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Central Valley Community Bancorp has an average rating of “Buy” and a consensus target price of $24.00.

Shares of Central Valley Community Bancorp (NASDAQ:CVCY) opened at $20.19 on Friday. The company has a market capitalization of $274.21, a P/E ratio of 15.30, a P/E/G ratio of 1.82 and a beta of 0.24. Central Valley Community Bancorp has a 12 month low of $17.62 and a 12 month high of $23.94. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.03.

Central Valley Community Bancorp (NASDAQ:CVCY) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The business had revenue of $16.13 million during the quarter, compared to analysts’ expectations of $16.60 million. Central Valley Community Bancorp had a return on equity of 9.41% and a net margin of 24.80%. research analysts expect that Central Valley Community Bancorp will post 1.26 earnings per share for the current year.

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Central Valley Community Bancorp 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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Institutional Ownership by Quarter for Central Valley Community Bancorp (NASDAQ:CVCY)

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