Municipal Employees Retirement System of Michigan bought a new position in shares of Central Valley Community Bancorp (NASDAQ:CVCY) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 44,330 shares of the financial services provider’s stock, valued at approximately $895,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CVCY. Millennium Management LLC boosted its holdings in Central Valley Community Bancorp by 36.2% in the fourth quarter. Millennium Management LLC now owns 54,495 shares of the financial services provider’s stock worth $1,100,000 after acquiring an additional 14,484 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Central Valley Community Bancorp in the fourth quarter worth approximately $206,000. Stone Ridge Asset Management LLC bought a new position in Central Valley Community Bancorp in the fourth quarter worth approximately $234,000. Deutsche Bank AG boosted its holdings in Central Valley Community Bancorp by 22.2% in the fourth quarter. Deutsche Bank AG now owns 51,752 shares of the financial services provider’s stock worth $1,042,000 after acquiring an additional 9,411 shares in the last quarter. Finally, Basswood Capital Management L.L.C. bought a new position in Central Valley Community Bancorp in the fourth quarter worth approximately $2,894,000. 43.67% of the stock is owned by institutional investors and hedge funds.

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In other news, Director Daniel N. Cunningham sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $20.08, for a total value of $90,360.00. Following the transaction, the director now owns 132,156 shares in the company, valued at $2,653,692.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel N. Cunningham sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $20.09, for a total value of $100,450.00. Following the completion of the transaction, the director now owns 132,156 shares in the company, valued at approximately $2,655,014.04. The disclosure for this sale can be found here. 21.57% of the stock is owned by company insiders.

Central Valley Community Bancorp (NASDAQ CVCY) opened at $20.14 on Friday. Central Valley Community Bancorp has a fifty-two week low of $17.62 and a fifty-two week high of $23.94. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $286.03, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 1.82 and a beta of 0.07.

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, beating the Zacks’ consensus estimate of $0.21 by $0.07. Central Valley Community Bancorp had a return on equity of 9.52% and a net margin of 20.56%. The company 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 year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was 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 (DPR) is currently 24.78%.

Several research analysts have issued reports on CVCY shares. Zacks Investment Research lowered Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Sandler O’Neill set a $25.00 price target on Central Valley Community Bancorp and gave the stock a “buy” rating in a report on Thursday, January 4th. ValuEngine lowered Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, BidaskClub lowered Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $24.00.

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

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