California State Teachers Retirement System lowered its holdings in shares of Central Valley Community Bancorp (NASDAQ:CVCY) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,555 shares of the financial services provider’s stock after selling 200 shares during the period. California State Teachers Retirement System owned about 0.14% of Central Valley Community Bancorp worth $389,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Systematic Financial Management LP raised its position in Central Valley Community Bancorp by 136.6% during the second quarter. Systematic Financial Management LP now owns 8,400 shares of the financial services provider’s stock worth $186,000 after acquiring an additional 4,850 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Central Valley Community Bancorp by 37.6% during the second quarter. The Manufacturers Life Insurance Company now owns 10,140 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 2,770 shares during the last quarter. Rhumbline Advisers acquired a new position in Central Valley Community Bancorp during the second quarter worth about $229,000. PDT Partners LLC acquired a new position in Central Valley Community Bancorp during the second quarter worth about $279,000. Finally, Ameriprise Financial Inc. acquired a new position in Central Valley Community Bancorp during the second quarter worth about $290,000. Institutional investors own 40.73% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Friday, October 20th.

Shares of Central Valley Community Bancorp (NASDAQ:CVCY) opened at $19.36 on Monday. The company has a market cap of $262.93, a PE ratio of 14.67, a PEG ratio of 1.91 and a beta of 0.24. Central Valley Community Bancorp has a twelve month low of $17.62 and a twelve month high of $23.94. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.03.

Central Valley Community Bancorp (NASDAQ:CVCY) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of $16.13 million during the quarter, compared to the consensus estimate of $16.60 million. Central Valley Community Bancorp had a net margin of 24.80% and a return on equity of 9.41%. research analysts predict that Central Valley Community Bancorp will post 1.26 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 3rd were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.24%. Central Valley Community Bancorp’s dividend payout ratio (DPR) is presently 18.18%.

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

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