StockNews.com downgrades Central Valley Community Bancorp (NASDAQ:CVCY) to hold


Central Valley Community Bancorp (NASDAQ:CVCY – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note released Monday to investors.

Separately, Zacks Investment Research upgraded Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a price target of $26.00 for the company in a Thursday, March 31 report.

CVCY was down $0.41 during Monday’s trading, hitting $20.59. The stock had a trading volume of 40,749 shares, compared to an average volume of 37,990. The company has a 50-day moving average price of $22.69 and a 200-day moving average price of $22.09 . The company has a market capitalization of $242.34 million, a price-earnings ratio of 9.27 and a beta of 0.67. Central Valley Community Bancorp has a one-year low of $18.43 and a one-year high of $23.99. The company has a debt ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.57.

Central Valley Community Bancorp (NASDAQ:CVCY – Get Rating) last released its quarterly results on Wednesday, April 20. The financial services provider reported EPS of $0.51 for the quarter, beating consensus analyst estimates of $0.45 by $0.06. Central Valley Community Bancorp had a return on equity of 10.87% and a net margin of 32.53%. As a group, sell-side analysts expect Central Valley Community Bancorp to post an EPS of 2.11 for the current fiscal year.

A number of institutional investors have recently increased or reduced their stake in CVCY. Barclays PLC increased its position in shares of Central Valley Community Bancorp by 44.4% during the third quarter. Barclays PLC now owns 1,747 shares of the financial services provider valued at $38,000 after acquiring a further 537 shares in the last quarter. UBS Group AG bought a new position in Central Valley Community Bancorp in the third quarter worth around $45,000. Royal Bank of Canada increased its holdings in Central Valley Community Bancorp by 19.6% in the second quarter. Royal Bank of Canada now owns 9,059 shares of the financial services provider worth $183,000 after acquiring 1,482 more shares last quarter. Russell Investments Group Ltd. increased its holdings in Central Valley Community Bancorp by 26.6% in the third quarter. Russell Investments Group Ltd. now owns 11,415 shares of the financial services provider worth $244,000 after acquiring an additional 2,400 shares last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of Central Valley Community Bancorp during the second quarter at a value of approximately $333,000. 48.28% of the shares are held by institutional investors.

About Central Valley Community Bancorp (Get an assessment)

Central Valley Community Bancorp operates as a bank holding company for Central Valley Community Bank which provides various commercial banking services to small and medium businesses and individuals in the Central Valley region of California. The company accepts demand, savings and term deposits; certificates of deposit; and non-interest bearing demand deposits, as well as NOW and money market accounts.

Featured articles



Get news and reviews for Central Valley Community Bancorp Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Central Valley Community Bancorp and related companies with MarketBeat.com’s FREE daily newsletter.

Comments are closed.