BidaskClub upgraded shares of Central Valley Community Bancorp (NASDAQ:CVCY) from a sell rating to a hold rating in a report released on Saturday morning.

A number of other equities research analysts have also weighed in on the stock. ValuEngine lowered shares of Central Valley Community Bancorp from a buy rating to a hold rating in a report on Friday, February 2nd. Sandler O’Neill set a $25.00 target price on shares of Central Valley Community Bancorp and gave the stock a buy rating in a report on Thursday, January 4th. Finally, Zacks Investment Research upgraded shares of Central Valley Community Bancorp from a hold rating to a strong-buy rating and set a $23.00 target price on the stock in a report on Monday, January 1st. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Central Valley Community Bancorp currently has a consensus rating of Buy and a consensus price target of $24.00.

Central Valley Community Bancorp (NASDAQ:CVCY) opened at $19.75 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.03. Central Valley Community Bancorp has a 1 year low of $17.62 and a 1 year high of $23.94. The stock has a market cap of $268.22, a PE ratio of 14.21, a PEG ratio of 1.73 and a beta of 0.06.

Central Valley Community Bancorp (NASDAQ:CVCY) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.07. Central Valley Community Bancorp had a net margin of 20.56% and a return on equity of 9.97%. The company had revenue of $17.51 million for the quarter, compared to analyst estimates of $17.85 million. research analysts forecast that Central Valley Community Bancorp will post 1.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, February 7th. This is a positive change from Central Valley Community Bancorp’s previous quarterly dividend of $0.06. Central Valley Community Bancorp’s dividend payout ratio is currently 24.78%.

Several institutional investors and hedge funds have recently bought and sold shares of CVCY. Strs Ohio raised its holdings in shares of Central Valley Community Bancorp by 232.1% in the 4th quarter. Strs Ohio now owns 9,300 shares of the financial services provider’s stock worth $187,000 after acquiring an additional 6,500 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings 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 worth $225,000 after acquiring an additional 2,770 shares during the last quarter. Rhumbline Advisers acquired a new stake in shares of Central Valley Community Bancorp in the 2nd quarter worth about $229,000. Bailard Inc. acquired a new stake in shares of Central Valley Community Bancorp in the 4th quarter worth about $274,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Central Valley Community Bancorp in the 2nd quarter worth about $290,000. Institutional investors own 40.78% of the company’s stock.

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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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