Central Valley Community Bancorp (CVCY) Upgraded to Hold at BidaskClub

Central Valley Community Bancorp (NASDAQ:CVCY) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.

Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Friday, October 20th. ValuEngine lowered shares of Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Sandler O’Neill set a $25.00 price target on shares of Central Valley Community Bancorp and gave the company a “buy” rating in a report on Thursday, January 4th. 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 stock. The company has a consensus rating of “Buy” and a consensus target price of $24.00.

Central Valley Community Bancorp (NASDAQ:CVCY) opened at $19.75 on Friday. Central Valley Community Bancorp has a 1-year low of $17.62 and a 1-year high of $23.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $268.23, a P/E ratio of 17.32, a P/E/G ratio of 1.72 and a beta of 0.06.

Central Valley Community Bancorp (NASDAQ:CVCY) last posted its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.28 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $17.51 million for the quarter, compared to analyst estimates of $17.85 million. equities analysts expect that Central Valley Community Bancorp will post 1.43 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of CVCY. Strs Ohio grew its position in Central Valley Community Bancorp by 232.1% in the fourth quarter. Strs Ohio now owns 9,300 shares of the financial services provider’s stock valued at $187,000 after acquiring an additional 6,500 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Central Valley Community Bancorp by 37.6% in the second quarter. The Manufacturers Life Insurance Company now owns 10,140 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 2,770 shares in the last quarter. Rhumbline Advisers acquired a new stake in Central Valley Community Bancorp in the second quarter valued at approximately $229,000. Bailard Inc. acquired a new stake in Central Valley Community Bancorp in the fourth quarter valued at approximately $274,000. Finally, Ameriprise Financial Inc. acquired a new stake in Central Valley Community Bancorp in the second quarter valued at approximately $290,000. 40.78% of the stock is owned by institutional investors.

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About Central Valley Community Bancorp

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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