BidaskClub cut shares of Central Valley Community Bancorp (NASDAQ:CVCY) from a hold rating to a sell rating in a report published on Wednesday morning.

Several other analysts have also commented on CVCY. Zacks Investment Research raised shares of Central Valley Community Bancorp from a hold rating to a buy rating and set a $24.00 price target for the company in a research report on Friday, October 20th. Sandler O’Neill set a $25.00 price target on shares of Central Valley Community Bancorp and gave the company a buy rating in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $24.00.

Shares of Central Valley Community Bancorp (CVCY) opened at $19.43 on Wednesday. The company has a market cap of $264.70, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.71 and a beta of 0.06. Central Valley Community Bancorp has a 1 year low of $17.62 and a 1 year 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 released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.07. The business had revenue of $17.51 million during the quarter, compared to analyst estimates of $17.85 million. Central Valley Community Bancorp had a net margin of 20.56% and a return on equity of 9.97%. equities research analysts predict that Central Valley Community Bancorp will post 1.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be given a $0.07 dividend. This is a positive change from Central Valley Community Bancorp’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Wednesday, February 7th. Central Valley Community Bancorp’s dividend payout ratio (DPR) is presently 21.24%.

Several institutional investors have recently made changes to their positions in the stock. Strs Ohio raised its position in shares of Central Valley Community Bancorp by 232.1% in the 4th quarter. Strs Ohio now owns 9,300 shares of the financial services provider’s stock valued at $187,000 after purchasing an additional 6,500 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Central Valley Community Bancorp by 18.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 33,336 shares of the financial services provider’s stock valued at $673,000 after purchasing an additional 5,100 shares during the last quarter. OxFORD Asset Management LLP raised its position in shares of Central Valley Community Bancorp by 74.7% in the 3rd quarter. OxFORD Asset Management LLP now owns 35,890 shares of the financial services provider’s stock valued at $793,000 after purchasing an additional 15,351 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Central Valley Community Bancorp by 25.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 176,583 shares of the financial services provider’s stock valued at $3,938,000 after purchasing an additional 36,138 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Central Valley Community Bancorp by 23.1% in the 3rd quarter. Wells Fargo & Company MN now owns 22,954 shares of the financial services provider’s stock valued at $511,000 after purchasing an additional 4,314 shares during the last quarter. 40.78% of the stock is owned by hedge funds and other institutional investors.

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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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