Bank of New York Mellon Corp raised its position in shares of Central Valley Community Bancorp (NASDAQ:CVCY) by 12.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 61,782 shares of the financial services provider’s stock after purchasing an additional 6,655 shares during the quarter. Bank of New York Mellon Corp owned 0.51% of Central Valley Community Bancorp worth $1,369,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. American International Group Inc. increased its stake in Central Valley Community Bancorp by 7.0% during the 1st quarter. American International Group Inc. now owns 5,382 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 350 shares in the last quarter. Bessemer Group Inc. increased its stake in Central Valley Community Bancorp by 11.7% during the 2nd quarter. Bessemer Group Inc. now owns 22,000 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 2,300 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Central Valley Community Bancorp by 31.1% during the 1st quarter. Russell Investments Group Ltd. now owns 28,951 shares of the financial services provider’s stock valued at $593,000 after purchasing an additional 6,865 shares in the last quarter. Rhumbline Advisers bought a new stake in Central Valley Community Bancorp during the 2nd quarter valued at about $229,000. Finally, AXA bought a new stake in Central Valley Community Bancorp during the 1st quarter valued at about $215,000. Institutional investors and hedge funds own 39.75% of the company’s stock.

A number of research firms have weighed in on CVCY. Zacks Investment Research upgraded shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Friday. BidaskClub lowered shares of Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. ValuEngine upgraded shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Finally, FIG Partners restated a “market perform” rating and set a $24.00 price objective (up from $23.00) on shares of Central Valley Community Bancorp in a research note on Sunday, July 23rd.

In other news, Director Daniel J. Doyle sold 6,600 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $19.56, for a total transaction of $129,096.00. Following the transaction, the director now owns 79,000 shares in the company, valued at $1,545,240. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Lydia E. Shaw sold 1,500 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $19.98, for a total transaction of $29,970.00. Following the transaction, the insider now owns 18,500 shares in the company, valued at approximately $369,630. The disclosure for this sale can be found here. Corporate insiders own 21.57% of the company’s stock.

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Shares of Central Valley Community Bancorp (NASDAQ CVCY) opened at 21.26 on Friday. The company has a market capitalization of $259.61 million, a price-to-earnings ratio of 17.17 and a beta of 0.23. The firm’s 50-day moving average is $20.81 and its 200-day moving average is $21.13. Central Valley Community Bancorp has a 1-year low of $13.75 and a 1-year high of $23.94.

Central Valley Community Bancorp (NASDAQ:CVCY) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. Central Valley Community Bancorp had a net margin of 24.80% and a return on equity of 9.56%. The firm had revenue of $16.13 million for the quarter, compared to the consensus estimate of $16.60 million. Analysts forecast that Central Valley Community Bancorp will post $1.29 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.13%. Central Valley Community Bancorp’s dividend payout ratio (DPR) is currently 18.18%.

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

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