Short Interest in Central Valley Community Bancorp (NASDAQ:CVCY) Expands By 31.2%

Central Valley Community Bancorp (NASDAQ:CVCY) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 75,700 shares, a growth of 31.2% from the May 30th total of 57,700 shares. Based on an average daily volume of 19,300 shares, the short-interest ratio is currently 3.9 days. Approximately 0.7% of the shares of the stock are sold short.

Central Valley Community Bancorp stock traded down $0.25 during midday trading on Friday, reaching $20.59. The stock had a trading volume of 18,354 shares, compared to its average volume of 19,530. Central Valley Community Bancorp has a twelve month low of $15.66 and a twelve month high of $22.00. The stock has a market capitalization of $282.85 million, a PE ratio of 13.44, a PEG ratio of 1.65 and a beta of 0.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a 50-day moving average price of $20.18.

Central Valley Community Bancorp (NASDAQ:CVCY) last issued its earnings results on Wednesday, April 17th. The financial services provider reported $0.38 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.38. Central Valley Community Bancorp had a return on equity of 9.73% and a net margin of 28.18%. The firm had revenue of $18.81 million for the quarter, compared to analysts’ expectations of $18.27 million. Analysts predict that Central Valley Community Bancorp will post 1.57 EPS for the current year.

Several research firms have recently issued reports on CVCY. Raymond James decreased their price objective on Marathon Petroleum from $90.00 to $85.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 10th. DA Davidson restated a “neutral” rating on shares of Central Valley Community Bancorp in a report on Monday, April 22nd. BidaskClub upgraded Zai Lab from a “buy” rating to a “strong-buy” rating in a report on Friday, June 28th. ValuEngine cut China Southern Airlines from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Finally, Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Central Valley Community Bancorp has an average rating of “Hold” and an average target price of $22.00.

Several institutional investors and hedge funds have recently modified their holdings of CVCY. Rhumbline Advisers increased its holdings in Central Valley Community Bancorp by 45.1% in the fourth quarter. Rhumbline Advisers now owns 16,135 shares of the financial services provider’s stock valued at $304,000 after buying an additional 5,017 shares during the last quarter. First Trust Advisors LP acquired a new position in Central Valley Community Bancorp in the fourth quarter valued at approximately $274,000. BlackRock Inc. boosted its stake in Central Valley Community Bancorp by 3.3% in the fourth quarter. BlackRock Inc. now owns 586,274 shares of the financial services provider’s stock valued at $11,063,000 after acquiring an additional 18,494 shares during the period. Bank of New York Mellon Corp boosted its stake in Central Valley Community Bancorp by 8.7% in the fourth quarter. Bank of New York Mellon Corp now owns 83,755 shares of the financial services provider’s stock valued at $1,580,000 after acquiring an additional 6,669 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Central Valley Community Bancorp by 9.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 332,983 shares of the financial services provider’s stock valued at $6,283,000 after acquiring an additional 29,659 shares during the period. Institutional investors own 46.94% of the company’s stock.

About Central Valley Community Bancorp

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 deposit products, such as savings, NOW, and money market accounts, as well as time certificates of deposit; and non-interest bearing demand deposits.

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